Personal Donor Stories

Fred Teichman, MD, JMC ‘78

His Gratitude to Jefferson Pays Off

Fred Teichman, MD, JMC ‘78 enthusiastically describes his life as being ideal. He has a thriving practice in obstetrics and gynecology in Lewisburg, PA—a location he chose specifically for its “middle America” character. Dr. Teichman loves his work and feels great satisfaction that his practice meets the needs of the community.

He says, “I was afforded a very good education that led to a great career. And I have Jefferson to thank for it.” Dr. Teichman has established two 15-year deferred gift annuities with Jefferson—a vehicle he says is “perfect” for him. “You don’t know what will happen next. I wanted to insure my future while, at the same time, provide a donation for Jefferson.” He continues, “Jefferson is providing an important service for our state and country in educating quality physicians.”

“A deferred gift annuity offers considerable tax advantages for me, so I don’t really look at it as being generous,” says Dr. Teichman. “I want to give while I’m alive—you don’t get any enjoyment out of it if you wait until you’re dead!” During his years of active practice he can enjoy substantial tax benefits with the knowledge that, 15 years later, he will begin receiving a high rate of return as he reaches retirement age.

In fact, Dr. Teichman has chosen to support several other organizations with deferred gift annuities—his undergraduate school, Cornell University, among them. He laughs, “I get to be a good guy for all of them—and still get a benefit for myself.”