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Winter 2007

Donor Endows Research Funds in Headache Program

“What you read, see and hear is what leads you in the direction of helping others. When the world is so good to you, you should be good to the world.” Such charitable thinking is what prompted Walter Craig to name and endow three research funds at UCLA: the Headache Program in the Department of Neurology; the Adult Division of Psychiatry at the Jane and Terry Semel Institute of Neuroscience and Human Behavior at UCLA; and research in lung cancer and other smoking-related cancers (in memory of Donn Arden) at UCLA's Jonsson Comprehensive Cancer Center.

Mr. Craig, of Mission Viejo, began his philanthropic pursuits 10 years ago, when he began thinking about what to do with his wealth earned from owning apartment buildings in Los Angeles. His personal health issues, which were resolved at UCLA, influenced his philanthropy.

Mr. Craig chose to make his commitment to UCLA through a gift planning arrangement known as a charitable gift annuity. The annuity allows him to receive an annual, fixed, lifetime income. He also enjoyed an immediate income tax charitable deduction. Mr. Craig used appreciated securities to fund his gift, but he will pay capital gain tax only on part of the appreciation, and it is spread out over many years.

 


For information about gift annuities, call (800) 737-8252.







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