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Albany Medical Center Foundation

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Maximizing the Value of a Gift

Albert A. Apicelli, MD, ’65, believed it was his duty to help.

“I am what I am, and I’ve become what I’ve become because of Albany Medical College,” said Dr. Apicelli of Slingerlands. “I received a great education there, and I wanted to give back.”

So he and his wife Susan created an Endowed Fund for Classroom Renovation and Technology Support, by donating “appreciated securities,“ which are stocks and bonds that have grown in value over time.

Susan and Albert Apicelli, MD, '65
By donating appreciated securities, the Apicellis were able to maximize their gift to Albany Medical College.
“By gifting a security, donors are able to maximize the value of the gift because they won't owe tax on the appreciated value of the security as they would if they sold it,” said Steven Ayers, CFA, the Apicelli’s son and financial advisor.

 “We were able to give to the College, receive a charitable tax deduction and reduce our tax liability,” said Dr. Apicelli. “It all made perfect sense.”

The Apicelli’s fund has provided classroom computers, plasma-screen monitors and smart board technology -- all things that do exactly what Dr. Apicelli wanted.

“The fund provides directly for the students,” said Dr. Apicelli, “and it helps them reach their goal.”

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