Planned Giving
Barbara Levine dedicated most of her career to hospital pharmacy, and is considered a pioneer within the profession. Levine bequeathed in her a will a donation to the American Pharmacy Association Foundation scholarship (formerly American Pharmaceutical Association Auxiliary scholarship). Her husband Robert Levine, who was not a pharmacist, supported the profession through his participation as a member of the auxiliary, serving as an officer from the late 1970s into the 1980s. Robert's involvement in the auxiliary even prompted the group to drop the word "women's" from its name.
She was born Barbara Zelda Israel in 1928 in New Haven, Connecticut. She was awarded a scholarship to the University of Connecticut School of Pharmacy and graduated in May of 1950. After marrying Robert Levine in 1953, she moved to Atlanta, Georgia, where she held pharmacy positions at Grady Memorial Hospital, Georgia Baptist Hospital and later at Ponce De Leon Infirmary, an Ear, Nose and Throat specialty hospital, where she did compounding and ran all aspects of pharmacy services.
In 1973, she obtained the position of Chief Pharmacist at Doctors Hospital in Tucker, Georgia. She was highly regarded in this position, particularly for implementing computerized tracking and unit dose dispensing of medications, a radical concept during that time. That year, she was honored as "Pharmacist of the Year" by the Georgia Pharmaceutical Association (GPhA). The recognition by the GPhA caught the attention of then Governor Jimmy Carter, who appointed her as the first woman and the second hospital pharmacist to serve on the State Board of Pharmacy. She would later serve as President of that board.
Levine retired from active pharmacy in 1985. Through her bequest to the APhA Foundaton, Barbara continues to contribute to the advancement of the profession even after her death on April 22, 2012. The APhA Foundation thanks Barbara Levine and her family for their support.
Information contained herein was accurate at the time of posting. The information on this website is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. Figures cited in any examples are for illustrative purposes only. References to tax rates include federal taxes only and are subject to change. State law may further impact your individual results. California residents: Annuities are subject to regulation by the State of California. Payments under such agreements, however, are not protected or otherwise guaranteed by any government agency or the California Life and Health Insurance Guarantee Association. Oklahoma residents: A charitable gift annuity is not regulated by the Oklahoma Insurance Department and is not protected by a guaranty association affiliated with the Oklahoma Insurance Department. South Dakota residents: Charitable gift annuities are not regulated by and are not under the jurisdiction of the South Dakota Division of Insurance.
A charitable bequest is one or two sentences in your will or living trust that leave to the APhA Foundation a specific item, an amount of money, a gift contingent upon certain events or a percentage of your estate.
an individual or organization designated to receive benefits or funds under a will or other contract, such as an insurance policy, trust or retirement plan
Bequest LanguageShare the sample bequest language for American Pharmacists Association Foundation with your estate planning attorney:
"I, [name], of [city, state ZIP], give, devise and bequeath to American Pharmacists Association Foundation [written amount or percentage of the estate or description of property] for its unrestricted use and purpose."
able to be changed or cancelled
A revocable living trust is set up during your lifetime and can be revoked at any time before death. They allow assets held in the trust to pass directly to beneficiaries without probate court proceedings and can also reduce federal estate taxes.
cannot be changed or cancelled
tax on gifts generally paid by the person making the gift rather than the recipient
the original value of an asset, such as stock, before its appreciation or depreciation
the growth in value of an asset like stock or real estate since the original purchase
the price a willing buyer and willing seller can agree on
The person receiving the gift annuity payments.
the part of an estate left after debts, taxes and specific bequests have been paid
a written and properly witnessed legal change to a will
the person named in a will to manage the estate, collect the property, pay any debt, and distribute property according to the will
A donor advised fund is an account that you set up but which is managed by a nonprofit organization. You contribute to the account, which grows tax-free. You can recommend how much (and how often) you want to distribute money from that fund to the APhA Foundation or other charities. You cannot direct the gifts.
An endowed gift can create a new endowment or add to an existing endowment. The principal of the endowment is invested and a portion of the principal’s earnings are used each year to support our mission.
Tax on the growth in value of an asset—such as real estate or stock—since its original purchase.
Securities, real estate or any other property having a fair market value greater than its original purchase price.
Real estate can be a personal residence, vacation home, timeshare property, farm, commercial property or undeveloped land.
A charitable remainder trust provides you or other named individuals income each year for life or a period not exceeding 20 years from assets you give to the trust you create.
You give assets to a trust that pays our organization set payments for a number of years, which you choose. The longer the length of time, the better the potential tax savings to you. When the term is up, the remaining trust assets go to you, your family or other beneficiaries you select. This is an excellent way to transfer property to family members at a minimal cost.
You fund this type of trust with cash or appreciated assets—and may qualify for a federal income tax charitable deduction when you itemize. You can also make additional gifts; each one also qualifies for a tax deduction. The trust pays you, each year, a variable amount based on a fixed percentage of the fair market value of the trust assets. When the trust terminates, the remaining principal goes to the APhA Foundation as a lump sum.
You fund this trust with cash or appreciated assets—and may qualify for a federal income tax charitable deduction when you itemize. Each year the trust pays you or another named individual the same dollar amount you choose at the start. When the trust terminates, the remaining principal goes to the APhA Foundation as a lump sum.
A beneficiary designation clearly identifies how specific assets will be distributed after your death.
A charitable gift annuity involves a simple contract between you and the APhA Foundation where you agree to make a gift to the APhA Foundation and we, in return, agree to pay you (and someone else, if you choose) a fixed amount each year for the rest of your life.