Annual fund

"A woman must have money and a room of her own if she is to write fiction," as Viriginia Woolf explains, and a scientist must have a well-equipped laboratory and shared facilities to do research. Without this, research will not flourish, new ideas will not take root, and direct funding for research makes less of an impact.

Contributions to the Annual Fund maintain this essential scientific infrastructure, addressing the immediate and fundamental needs of the Institute's researchers. The annual fund is primarily composed of unrestricted donations from individuals who are committed to improving and enhancing vision. Although substantial portions of annual contributions come from individual philanthropy, we also receive funds from private and family foundations, corporations, and other organizations.

The cost of conducting laboratory and clinical research is high, and the means for support research can be complex. Many research projects today are expensive to design and carry out. Most funding agencies, like the NIH, provide “direct cost” support—money to carry out the actual research—but don’t support or only partially support the infrastructure required to sustain the research. The term “infrastructure” refers to the building and facilities of the Institute, and it refers to the utilities (heat, air conditioning, electricity, plumbing, etc), to the central resources upon which research depends, such as human studies oversight, animal care and use oversight, biologic, chemical and radiation safety, and to the administrative structure that manages the infrastructure. Funding agencies refer to these costs as “indirect” or “overhead” costs.

At present, for every “direct cost” dollar that the Institute receives for research projects, the “indirect cost” is approximately $1.25. The federal government provides with every research grant it awards an “indirect cost” of $0.86. This creates a gap of $0.39 for every “direct cost” grant dollar received. Filling this gap is the most important way in which the Annual Fund makes our outstanding research possible.

Two major ways you may give to the annual fund are the following:

Gifts of Cash

The easiest way to support the Institute’s current research activities. Gifts of cash are deductible up to 50% of your adjusted gross income.

Gifts of Appreciated Stock

Gifts of appreciated stock, that have been owned for at least a year can be great tax savers since the capital gains tax on the appreciation is waived and the full fair market value of the gifted stock is tax deductible up to 30% of the your adjusted gross income.

To learn more about these vehicles, call or write to:

Vancia Logan

Development Office
617- 573-4312
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