Thiago Morelli smiling

Thiago Morelli, DDS, MS, 2010 Chasens Fellow

The late Abram and Sylvia Chasens have left an indelible mark on the American Academy of Periodontology Foundation — and on the lives of those who received the award in their name. Through an annual gift and a charitable gift annuity, the Chasens supported excellence in periodontal education. Both Abram and Sylvia passed away in 2011 within months of each other. The rest of their annuity will fund the Abram and Sylvia Chasens Teaching and Research Fellowship in 2012.

Although he had a lengthy career in the private practice of periodontology, Dr. Chasens taught for more than 30 years.

"I enjoyed every moment that I practiced, but I wouldn't trade it for the experience that I had as a teacher and doing my research," he said during a 2002 interview. "Teaching is very rewarding, and if you are doing teaching and research there are so many wonderful people with whom you work."

Sylvia Chasens strongly supported the path her husband chose in pursuing a career in periodontology. Although trained as a teacher, she became one of the first New York City policewomen. Years later she graduated from the New York School of Interior Design and started her design business. At the same time she returned to Douglass College for a BA degree and then went onto Rutgers University, receiving her master's degree in education at age 50.

"Without this award, I would have to work in a private practice to pay back my student loans," says Thiago Morelli, DDS, MS, 2010 Chasens Scholar. "I'm so grateful to the Chasens family for this gift, and I hope to help others as the Chasens have helped me."

To learn more about how to support our mission, click here.

A charitable bequest is one or two sentences in your will or living trust that leave to American Academy of Periodontology 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 and bequeath (dollar amount, percentage of estate, or the remainder of estate) to the American Academy of Periodontology Foundation (AAP Foundation), a qualified 501c(3) charitable organization, at 737 N. Michigan Avenue, Chicago, Illinois 60611 to be used for its educational and research purposes. The Foundation's tax number is 36-3763801."

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 AAP 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 AAP 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 AAP 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 AAP Foundation where you agree to make a gift to the AAP 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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