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An Incredible Commitment to Medicine

Dr. Laurie L. Dozier Jr

The commitment, leadership and influence of Dr. Laurie L. Dozier Jr. is clearly felt throughout northwest Florida, specifically by the students and faculty of the FSU College of Medicine and the patients and medical staff of Tallahassee Memorial Hospital (TMH). TMH has benefited from 20 years of Dr. Dozier's knowledge and expertise along with the service of his wife, Margaret, who served 20 years at TMH as a nurse. In addition, Dr. Dozier's father was one of the founding physicians of TMH. According to Paula Fortunas, president and CEO of the TMH Foundation, "Dr. Dozier's knowledge, understanding, determination and generosity will forever inform and illuminate the mission and vision of Tallahassee Memorial."

Dr. Dozier recently demonstrated his incredible commitment to the study and practice of medicine by establishing a charitable remainder annuity trust that names both the FSU College of Medicine and TMH as remainder beneficiaries. Dr. Dozier's gift to Florida State will establish the Laurie L. Dozier Jr., M.D., Endowment in the College of Medicine. The endowment's annual earnings will support the professor and director of Internal Medicine Education and Clinical Skills Education programs within the College, including programs that are administered in conjunction with TMH. This gift will have a profound impact not only on medical students at the College, but also the medical community at large.

Dr. Dozier's dedication to FSU stems from his belief in the value of higher education— a value he has passed on to several members of his family. His two sons, Laurie L. Dozier III and John S. Dozier, D.M.D., as well as his daughter Deborah Dozier Blinderman and daughter-in-law Kelly Dozier, are all graduates of Florida State. In addition to being an FSU graduate, his other daughter, Sarah Dozier Sherraden, is currently the director of the Clinical Learning Center in the College of Medicine, a position she has held for seven years. In discussing her father's commitment to education and family, Sarah says that "he continues to model his love of life for his children and grandchildren, teaching us that through education and expanded horizons we can discover our passions."

There is no question that Dr. Dozier has discovered his own passion, and the FSU College of Medicine is forever grateful to Dr. Dozier and to his family for their numerous contributions to medical education. Thanks to Dr. Dozier's generosity, future generations of medical students and physicians will be provided with innovative and practical learning opportunities. To be sure, the Dozier family legacy will inspire the medical community at FSU and in Tallahassee for years to come.

 

A charitable bequest is one or two sentences in your will or living trust that leave to Florida State University 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 Florida State University, a nonprofit corporation currently located at Tallahassee, Florida, 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 FSU 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 gift 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 receive an immediate federal income tax charitable deduction. 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 FSU Foundation as a lump sum.

You fund this trust with cash or appreciated assets—and receive an immediate federal income tax charitable deduction. 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 FSU 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 FSU Foundation where you agree to make a gift to the FSU 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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