Memorials and Tribute Gifts

Honor Someone Special With a Future Gift in Their Name

If you have a loved one who has been impacted by the Academy of Managed Care Pharmacy Foundation, establishing a memorial or tribute gift is a meaningful way to honor your loved one or celebrate a special occasion such as a birthday while supporting the work of our mission. Your memorial or tribute gift will be a lasting tribute to your loved one and make a difference in the lives of those we serve.

An Example of How It Works

Cathy A. CarrollThe managed care pharmacy world lost a leading light this spring with the passing of Cathy A. Carroll, PhD, MBA, BS Pharm. Cathy was a champion, a colleague, a mentor and a friend to thousands of people — from aspiring pharmacy students to established industry leaders — who were lucky enough to know her over a remarkable 35-plus year career. She also was very much loved by her family and her extended AMCP and Foundation family.

The AMCP Foundation has proudly opened a memorial fund with support of the Carroll family to honor Cathy’s legacy of interdisciplinary leadership and AMCP service. Funds raised will be used to support future pharmacists, especially those with a passion for pursuing managed care careers in health and economics outcomes research (HEOR) or industry, and other AMCP Foundation purposes.

"Cathy captivated the minds, hearts and souls of those who crossed paths with her," said her niece Andrea M. Atherton, MS, CGC, Regional Medical Director of Orphan Diseases at Horizon Therapeutics.

A licensed registered pharmacist in her home state of Missouri, Cathy started her career with stints in industry and as a staff pharmacist at K-Mart. After earning a PhD in economics, Cathy set forth on a path to become an international leader in HERO and Strategic Business Development. Over the years, she served in many senior leadership positions, including as Director of Strategic Business Development at ViroMed; Associate Chief of Clinical Pharmacy Services at the Kansas City VA Medical Center; and as Senior Director of Commercial & Market Access Consulting at Xcenda.

"She worked across the spectrum of stakeholders involved in the development, commercialization, and formulary approval of pharmaceutical products," said Atherton.

Cathy also had a passion to give back to the profession. A long-time leader at AMCP, Cathy held various member, chair and board positions over the years, and served as 2008-2009 AMCP President. She was awarded 2011 AMCP Distinguished Service Award.

Among the many individuals touched by Cathy was AMCP Immediate Past President Mitzi Wasik, who said Cathy provided her and many others with amazing mentorship and friendship.

"We all know that Cathy had a passion and love for pharmacy, research, analytics, and always pushed herself and others to the next step," Wasik said in her eulogy. "Everyone has a Cathy story in which she pushed them to the next level, consoled them in tough times and most frequently shared many laughs with her."

Wasik also noted that Cathy’s investment in students was unmatchable.

"Once you were under the wings of Cathy Carroll the world was your oyster," she noted. "Cathy is the reason so many of us are in the successful positions we are in. She pushed us when we thought we couldn’t go any further. She challenged us to take the harder path. She was an overall inspiration to anyone that crossed her path. She put women in leadership on the map."

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Next Steps

  1. Contact Paula J. Eichenbrenner, MBA, CAE at 703.684.2600 ext. 605 for additional information on creating a memorial gift at the AMCP Foundation.
  2. Seek the advice of your financial or legal advisor.
  3. If you make a memorial gift to the AMCP Foundation through your estate, please use our legal name and federal tax ID.

Legal Name: Academy of Managed Care Pharmacy Foundation
Address: 675 North Washington Street, Suite 220, Alexandria, Virginia 22314
Federal Tax ID Number: 22-3107061

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A charitable bequest is one or two sentences in your will or living trust that leave to the Academy of Managed Care Pharmacy 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

"I give to the Academy of Managed Care Pharmacy Foundation, a nonprofit corporation currently located at 675 North Washington Street, Suite 220, Alexandria, Virginia 22314, or its successor thereto, ______________ [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 AMCP 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 AMCP 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 AMCP 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 AMCP Foundation where you agree to make a gift to the AMCP 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.

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