Buck Board of Trustees

2025 Board Meeting Dates:
Thursday, March 13 at 9am
Thursday, June 12 at 9am
Friday, September 26 at 9am
Thursday, December 11 at 9am

Executive Committee
Tuesday, January 21 at 11am
Tuesday, February 18 at 11am
Tuesday, March 25 at 1:30pm
Tuesday, April 15 at 9am
Thursday, May 15 at 9am
Tuesday, June 17 at 9am
Tuesday, July 15 at 9am
Tuesday, August 19 at 9am
Tuesday, October 14 at 11am
Thursday, November 13 at 9am
Tuesday, December 16 at 9am

Finance Committee
Tuesday, March 4 at 9am
Tuesday, June 3 at 11am
Wednesday, September 10 at 10am
Friday, December 5 at 11am

Audit Committee
TBD

Governance & Nominating Committee
Friday, March 7 at 10am
Friday, June 6 at 10am
Friday, September 12 at 10am
Friday, December 5 at 9am

Building & Grounds Committee
Thursday, June 5 at 10am
Thursday, September 4 at 9:30am
Thursday, December 4 at 10am

Legal Requirement to Exercise Fiduciary Duty

Each member of the Board is required to discharge his or her duties in good faith, in a manner that the Board member believes to be in the best interests of the Buck and with such care, including reasonable inquiry, as an ordinarily prudent person would use. This duty to act in good faith and in the best interest of the Buck is also known as “fiduciary duty.” California law explicitly recognizes that in performing the duties of a Board member, you are entitled to rely on information, opinions, reports or statements from officers, employees, counsel, and accountants who you believe to be reliable and competent. You are also entitled to rely on a committee of the Board, if it is acting on matters within its authority, so long as you act in good faith and make reasonable inquiry when the need for inquiry is warranted.

A Board member breaches his or her fiduciary duty if that Board member knowingly allows the Buck to enter into a business transaction with an entity in which he or she has a substantial interest without disclosing that fact to other Board members. The Buck’s conflict of interest policy for trustees and officers is designed to ensure that Board members recognize potential conflicts of interest, disclose them as appropriate, and protect themselves and the Buck from potentially adverse consequences, both real and perceived.

Board members can also breach their fiduciary duty by failing to exercise independent judgment.

Expectations for Individual Members

New Trustee Member Orientation
New members are expected to participate in an orientation program and will communicate with a mentor on the Board to assist them.

Meeting Attendance
Members are strongly encouraged to make every effort to attend quarterly Board meetings in person. While in person attendance is preferred, if necessary, members may participate via video conference. If for whatever reason a Board member fails to attend meetings for a full year, it is the Board’s expectation that individual will vacate his or her position as a member.

Financial Contribution
Board members are expected to provide a minimum personal contribution of $15,000 per year of unrestricted funds during each year of their Board membership. Personal contributions are due on the calendar year beginning three months after joining the Board. It should be noted that to be a “voting member” of the Impact Circle or other restricted gift programs, a separate contribution is required and does not count toward the Board contributions described herein.

Additionally, Board members are asked to “get” a minimum of $15,000 per year of new donations to the Buck. This “get” is tracked by the philanthropy department, using information provided to them by the Board member. The expectation is that Board members will actively work with staff in securing gifts, enthusiastically recruiting new Board members, and expanding the awareness of the Buck and its mission. All Board fund-raising introductions, referrals, and follow-up should be communicated, preferably in writing, to a member of the Buck executive team.

The Board chair may adjust the expectation for individual Board members at his or her discretion, such as members from academia. In exercising that discretion, the chair may consider, among other things:

• The member’s success in obtaining donations to the institute from others
• The member’s unique background and experience that are of significant value to the institute
• The member’s unique and valuable volunteer efforts, other than the regular duties of Board service, that are of significant value to the institute

Expectations for composition of the Board of Trustees

The following characteristics will be inherent in the composition of the Buck Board of Trustees:

Diversity
Every effort should be made to made to select Board members who reflect diversity in ethnicity, age, professional background, and gender.

Achievement
Individuals elected to the Board will have achieved notable success in their professional careers.

Basic Responsibilities
Members of the Board should:

1. Familiarize themselves with articles of incorporation and bylaws when a new member joins the Board and periodically thereafter.
2. Participate effectively and consistently in Board and committee meetings, asking substantive, appropriate and timely questions.
3. Serve on one or more Board committees.
4. Accept special assignments.
5. Communicate freely with the CEO, providing counsel and advice in their areas of personal expertise.
6. Provide and secure the financial support necessary to ensure the continued excellence of the Buck.
7. Make a financial contribution each year to the Buck within the context of their personal circumstances, as stated above.
8. Comply with the requirements of the conflict-of-interest policy for trustees and officers.
9. Interact with the faculty and the administration of the Buck.
10. Act as an ambassador on behalf of the Buck.
11. Recommend individuals they deem worthy of trusteeship.

Compensation Policy
It is the policy of the Buck not to compensate the members of its Board for services provided as a Board member.

The Buck Institute does not reimburse trustees for travel or lodging expenses incurred in connection with attendance at meetings. Trustees should check with their tax advisors, however, since such expenses may be tax-deductible.

Conflict of Interest Policy for Trustees and Officers
The Board of Trustees has adopted a conflict-of-interest policy for trustees and officers that covers the general standards of conduct expected of the members of its Board related to transactions involving the Buck. The Board of Trustees has also established a requirement that each individual covered by this policy shall annually complete the conflict-of-interest questionnaire provided by the Buck. Questions about the conflict-of-interest policy and the transactions covered by the policy may be directed to the Chief Administrative Officer.

Faculty and Administration Interaction
Although there is no formal requirement in this regard, interaction with the faculty and staff of the Buck is one of the greatest benefits available to members of the Board of Trustees. Attendance at Buck special events will usually provide an opportunity for this interaction.

Mission Statement

Our mission is to end the threat of age-related disease for this and future generations. We believe it is possible for people to enjoy their lives at 95 as much as they do at 25, and to achieve that, we’re seeking a more comprehensive understanding of the biology of aging itself.

Diversity Statement

At the Buck, our commitment to diversity, inclusion and equity is part of our DNA. From our beginning, we have drawn the best and the brightest from all parts of the world. We continually strive to fully represent our changing society and we are committed to bringing racial justice and gender inclusion into our workplace. We want our science to equally benefit all communities, so that everyone, everywhere, can live better longer.

A Brief History of the Buck

The Buck was a pioneer in research on aging, and now we’re a global leader in the field. Opened in 1999, we are the world’s only research institution singularly focused on the biology of aging, yielding insights into age-related diseases before they start. We hire scientists from a variety of disciplines to attack the problem from all sides because the answers we’re after won’t come from a single field. To enhance our process, we worked with world-renowned architect I.M. Pei to create a campus that literally would not allow our researchers to work in silos.

The Buck derives its name from Beryl Hamilton Buck, a philanthropist who lived in Ross, California. When Mrs. Buck died in 1975, she left most of her estate to the San Francisco Foundation with instructions to spend the money for charitable purposes, prominently including “to extend help towards the problems of the aged” in Marin County. A decade of litigation — at times called the “Super Bowl of Probate” and the “Battle of the Bequest” — ensued, with parties attempting to break the Marin-only restriction of the trust.

While the case was still making its way through the courts, eminent Harvard gerontologist John W. Rowe was enlisted to convene a panel of experts to create a plan for a “preeminent research institute in aging.” The court ultimately appointed the Marin Community Foundation as the successor trustee to the San Francisco Foundation and instructed it to provide the Institute with 15 percent of the net income from the Buck estate in perpetuity. When the Buck Institute opened its doors in 1999, it became the first research center in the country to fulfill the challenge of a 1991 National Academy of Medicine report that called for the establishment of at least 10 centers of excellence focused exclusively on research on aging.

Economic Fact Sheet FY 2026

Budget

• The Institute’s operating budget is $67.6 million

Budgeted Sources of Revenue

• Government Grants (NIH/CIRM/DOE) – 57%
• Buck Trust – 12 %
• Philanthropy – 12%
• Business Development – 11%
• Foundation Grants – 3%
• Interest/other (includes leasing) – 5%

Buck Trust Fund Revenue

• The Marin Community Foundation is responsible for distributing funds from the Buck Trust. Based on a 1987 court ruling, the Buck Institute receives 15% of the net distribution from the Trust annually. The Buck Institute anticipates receiving an FY26 allocation of $8 million which will bring the three-year average allocation up to $7.6 million

Expenditures

• Payroll and benefits for FY 2025 totaled approximately $33.1 million.
• All other expenditures for FY 2025 totaled approximately $32.4 million.

Employees

• The Institute has 243 employees.
• 103 (42%) of employees have PhD’s or MD’s; 5 U.S. MDs are on staff.
• 37 countries are currently represented in the employee base; 40% of employees come from countries outside the U.S.

The Buck’s success will ultimately change healthcare. The Buck Institute for Research on Aging aims to end the threat of age-related diseases for this and future generations by bringing together the most capable and passionate scientists from a broad range of disciplines to identify and impede the ways in which we age. An independent, nonprofit institution, its goal is to increase human healthspan, or the healthy years of life. Globally recognized as the pioneer and leader in efforts to target aging, the number one risk factor for serious chronic diseases including Alzheimer’s, Parkinson’s, cancer, macular degeneration, atherosclerosis (heart attack and stroke) , and type 2 diabetes, the Buck wants to help people live better longer.  https://buckinstitute.org

Amended: Dec 14, 2023

OFFICERS
Chair: Matt Carbone
Chair Emeritus: Bill Poland
Vice Chair: Blair LaCorte
Treasurer: Jim Henry
Secretary: Sarah Marsey
Past Chair: Jill Kinney

AUDIT
David Gensler, Chair
John Jack
Darla Flanagan*
Larry Rosenberger*
Staff: Freda Kong**

BUILDING & GROUNDS
Andy Barnes, Chair
Jim Buzzitta
Matt Carbone
David Gensler
Mike Ghilotti
Jim Henry
Jill Kinney
Sarah Marsey
Lew Reid
Staff: Meagan Moore**

FINANCE
Jim Henry, Chair
Andy Barnes
Matt Carbone
Jill Kinney
Blair La Corte
Theo Schwabacher
Lilian Shackelford Murray
Lew Reid
David Gensler – Ad Hoc Member
Staff: Freda Kong**
Faculty: Lisa Ellerby**

GOVERNANCE & NOMINATING
Bill Poland, Co-Chair
Jill Kinney, Co-Chair
Andy Barnes
Matt Carbone
Sarah Marsey
Afaf Meleis
Steven Read
Lilian Shackelford-Murray
Richard Stone
Paul Verkuil
Joon Yun
Staff: Remy Gross**

EXECUTIVE
Matt Carbone, Chair
Blair LaCorte, Vice Chair
Jill Kinney
Peter Fioretti
Jim Henry
Sarah Marsey
Bill Poland
Lew Reid
Jack Rowe
Steven Read
Mark Siegel
Staff: Eric Verdin & Remy Gross**

TECHNOLOGY TRANSFER
John Jack, Chair
Dick Bodman*
Jim Buzzitta
Blair La Corte
Lizellen La Follette
Rona Silkiss*
Paul Verkuil
Robert Rosenkranz
Staff: Remy Gross**

*Prior Board Member
**Non Board Member

Non-Voting Trustees

Alumni Board

ARTICLE I INTRODUCTION

The purpose of this Conflict of Interest Policy (Policy) is to foster public confidence in the integrity of the Buck Institute for Research on Aging (the Buck Institute) and to protect the Buck Institute’s interests when it is contemplating entering a transaction that might benefit the private interest of a trustee, officer, or employee.

Certain transactions require disclosure even if they do not give rise to a legal conflict of interest.

ARTICLE II DEFINITIONS

1. Insider means all of the following individuals:

1. Each member of the Board of Trustees
2. Each Officer, defined in Definitions at the end of the Policy.
3. Key Employees, defined in Definitions at the end of the Policy.

2. Interest means any financial or ownership interest, personal or business relationship, obligation, or involvement—whether financial or otherwise, direct or indirect—that may influence a person’s judgment with respect to a decision, transaction, or proposed transaction of the Buck Institute.

3. Transaction means any transaction, agreement, or arrangement between an Insider and the Buck Institute, or between the Buck Institute and any third party where an Insider has an interest in the transaction or an interest in the outcome of the Buck Institute’s decision to engage or not engage in the transaction.

4. A Conflict of Interest is present when an Insider’s interest in the decision or transaction is such that it reduces the likelihood that the Insider’s judgment and influence can be exercised impartially in the best interests of the Buck Institute.

5. A Financial Conflict of Interest is present when an Insider has a conflict of interest and the Insider, or someone with whom the Insider has a close family or intimate relationship, has an interest in the decision or transaction or otherwise stands to financially benefit from the Buck Institute’s decision or transaction.

ARTICLE IV DUTY TO DISCLOSE

Each Insider shall disclose all material facts regarding his or her interest in any decision, transaction or proposed transaction of the Buck Institute, promptly upon learning of the proposed transaction.

1. Insiders (Trustees, Officers, and Key Employees) shall disclose their interests in a transaction or proposed transaction to the Board of Trustees or the Chair of the Board, and to the Chief Executive Officer. Generally, the Executive Committee handles conflicts of interest, but in some cases the full Board of Trustees may be involved. The Committee or the Board will follow the procedures shown below.

2. Employees other than Officers and Key Employees shall disclose their interests in a transaction or potential transaction upon learning of the transaction or proposed transaction to chief executive officer or their direct supervisor, who shall take such action as he or she deems necessary or appropriate under the circumstances to address any actual or potential conflict of interest and protect the Buck Institute’s interests, including ascertaining all material facts, conducting appropriate investigations, and, if necessary, reassigning employee duties to ensure that the interested employee has no decision-making role or inappropriate influence in the transaction.

ARTICLE V PROCEDURES.

1. Evaluating potential conflicts. As soon as is practicable after learning that an Insider (a Trustee, Officer, or Key Employee) has an interest in a decision or proposed transaction of the Buck Institute, the Board or the Executive Committee shall ascertain that (i) all material facts regarding the Insider’s interest have been disclosed to the Board; (ii) evaluate the potential for an actual or perceived conflict of interest, and (iii) determine what actions (if any) are needed to protect the reputation and interests of the Buck Institute. The Board or Executive Committee may ask questions of and receive presentations from the interested person(s), but the interested person(s) may be asked by the person chairing the meeting to leave the meeting during deliberations and/or voting.

2. Financial conflict of interest Procedures. In the case of all compensation arrangements with a principal officer or director, and all other decisions, transactions or proposed transactions where the Board determines that a principal officer or a director has a financial conflict of interest, the Board or Executive Committee shall follow the procedures below to decide whether to enter into the transaction and to ensure that the terms of the transaction are fair to the Buck Institute.

1. The Board or the Executive Committee shall require that the interested person leave the meeting during the discussion of, and the vote on, the transaction or arrangement that may create the financial conflict of interest;
2. and The Board or Executive Committee shall conduct any investigation necessary to evaluate the transaction, which may include investigating alternatives that present no conflict of interest, and/or compiling appropriate data, such as comparability studies, to determine fair market value for the transaction.
3. After exercising due diligence, the Board or Executive Committee shall determine whether proceeding with the transaction is in the Buck Institute’s best interest. Except as otherwise provided in the Buck Institute’s Bylaws or applicable law:

1. 1. If any Trustee has a material financial interest in the transaction, then the Board may only approve the transaction in conformity with Section 7.03 of the Buck Institute’s Bylaws, which provides that the Board may approve a self-dealing transaction only if the Board finds that the Buck Institute is entering into the transaction for its own benefit; that the transaction is fair and reasonable to the
      Buck Institute at the time; and, after reasonable investigation, the Board determines that it could not have obtained a more advantageous arrangement with reasonable effort under the circumstances. Section 7.03 of the Bylaws further requires that the self-dealing transaction be approved by a majority of directors then in office, without counting the vote of the interested director(s).
   2. If no Trustee has a material financial interest in the transaction, the Board or Executive Committee may approve the transaction if it is determined that the Buck Institute is entering into the transaction for its own benefit, and that the transaction is fair and reasonable to the Buck Institute, and if the Board or Executive Committee votes to approve the transaction without counting the votes of any interested Trustees(s).

3. Non-financial conflicts of interest Procedures. In any case where an Insider discloses an interest that the Board or Executive Committee does not determine to be a financial conflict of interest (e.g., a Trustee’s volunteer board service with a nonprofit organization that may be party to a transaction with the Buck Institute), the interested person’s disclosure shall be noted in the meeting minutes and the interested person (if a trustee) shall not vote on the transaction. The interested person may be asked by the person chairing the meeting to leave the meeting during Board or Executive Committee deliberations and voting.

4. Other remedial action. The Board or Executive Committee shall take such other action as it deems necessary or appropriate under the circumstances to address any actual or potential conflict of interest (including, for example, revising committee membership or reassigning duties so that an interested committee member or employee has no ongoing role in the transaction).

ARTICLE VI KEEPING MINUTES AND RECORDS

The minutes of any meeting of the Board of Trustees or Executive Committee at which the Board or Executive Committee addressed an Insider’s interest pursuant to this policy shall contain:

• the name of each Insider who disclosed or was otherwise determined to have an interest in a transaction;
• the nature of the interest and whether it was determined to constitute a financial conflict of interest;
• any alternative transactions considered;
• any comparability data or other information obtained and relied upon by the Board and how the information was obtained;
• the members of the Board or Committee who were present during the deliberations on the transaction, those who voted on it, and to what extent interested persons were excluded from the deliberations; and
• the result of the vote, including, if applicable, the terms of the transaction that was approved and the date it was approved.

ARTICLE VII ANNUAL DISCLOSURE AND COMPLIANCE STATEMENTS

1. Annual statements. Each Trustee, Officer, and Key Employee shall annually sign a statement on the form attached that:

1. affirms that the person has received a copy of this policy, has read the policy, and has agreed to comply with the policy; and
2. discloses the person’s interests (including financial interests and family relationships) that could give rise to a potential or perceived conflict of interest, considering such person’s knowledge of the Buck Institute’s operations, transactions, and proposed transactions.

2. Required IRS Form 990 information. Each Trustee, Officer, and Key Employee shall provide to the Bud Institute’s chief financial officer or outside accountant any information about affiliations, relationships, and compensation that is required to complete the Buck Institute’s Form 990 tax return or other required tax filing.

ARTICLE VIII VIOLATIONS

If the Chair of the Board, the Executive Committee, the Board, or the Chief Executive Officer has reasonable cause to believe that an Insider of has failed to disclose actual or possible conflicts of interest, they shall inform such Insider of the basis for this belief and afford the Insider an opportunity to explain the alleged failure to disclose. If, after hearing the Insider’s response and making further investigation as warranted by the circumstances, the Board or Executive Committee determines that the Insider has failed to disclose an actual or possible conflict of interest, the Board or Executive Committee shall take appropriate disciplinary and corrective action.

ARTICLE IX POLICY REVIEWS

To ensure that the Buck Institute operates in a manner consistent with its status as a section 501(c)(3) organization, the Board or a committee shall conduct periodic reviews of the administration of this Conflict of Interest Policy, which shall consider the level of compliance with the policy, the continuing suitability of the policy, and whether the policy should be modified and improved

ANNUAL DISCLOSURE OF INTERESTS FOR TRUSTEES, OFFICERS, AND KEY EMPLOYEES
& ACKNOWLEDGMENT OF RECEIPT

Confidential Responses. Your responses are confidential and will generally be shared only with the Chair of the Board, the Chief Executive Officer of the Buck Institute, and EVP Administration. If further disclosure of your interests is needed for any reason and in the discretion of the Chair of the Board or the Chief Executive Officer, such disclosures will be made in a manner to maintain confidentiality of the information.

• You have been provided a list of grantees, vendors, officers, and Key Employees of the Buck Institute during the Certification Period (defined below). [Chief Executive Officer or staff to provide the list.]
• Please consider each of the following questions as of the Certification Period.
• Words capitalized and bolded are defined in the Definitions section, below.

Certification Period: July 1 – June 30 of the prior year and July 1 of the current year through today’s date.

PLEASE COMPLETE THE CONFLICT OF INTEREST FORM. (Click the blue text)

DEFINITIONS

“Business Relationship” between two persons includes any of the following:

• One person is employed by the other in a sole proprietorship or by an organization for which the other person is a Director, Trustee, Officer, Key Employee, or a greater-than-35% owner

• One person is transacting business with the other (other than in the ordinary course of business of either party’s business on the same terms as are generally offered to the public), directly or indirectly, in one or more contracts of sales, lease, license, loan, performance of services, or other transactions involving transfers of cash or property valued in excess of $10,000 in the aggregate during the Buck Institute’s fiscal year. Indirect transactions are transactions with an organization with which the one person associated is a Director, Trustee, Officer, Key Employee, or a greater-than-35% owner.

• The two persons are each a Director, Trustee, Officer, or a greater-than-35% owner in the same business or investment entity.

“Business Relationship” for this purpose excludes relationships in the ordinary course of business (that is, on terms generally offered to the public) as well as privileged relationships (attorney/client, medical professional/patient, clergy/communicant).

“Business transactions” include (a) contracts of sale, lease and licensing, and performance of services, whether entered into in the current year or ongoing from a prior year, and/or (b) joint ventures in which either the profits or capital interest of the Buck Institute and the Interested Person exceeds 10%.

“Trustee” means member of the Board of Trustees of the Buck Institute, as determined by reference to the Buck Institute’s bylaws and applicable California law.

“Family Member” means your spouse, ancestors, brothers and sisters (whether whole or half), children (whether natural or adopted), grandchildren, great-grandchildren, and spouses of your brothers, sisters, children, grandchildren and great-grandchildren.

“Family Relationship” means your spouse, ancestors, brothers and sisters (whether whole or half), children (whether natural or adopted), grandchildren, great-grandchildren, and spouses of your brothers, sisters, children, grandchildren and great-grandchildren.

“Interested Person” means:

• A current Trustee or a Family Member of a current Trustee
• An entity more than 35% owned, directly or indirectly, individually or collectively, by (a) one or more current Trustees and/or their Family Members
• An entity (other than a nonprofit organization) of which the current or former Officer, Trustee, or Key Employee of the Buck Institute was serving as (a) an officer, (b) a director, (c) a trustee, (d) a key employee, (e) a partner or member with an ownership interest in excess of 5% if the entity is treated as a partnership, or (f) a shareholder with an ownership interest in excess of 5% if the entity is a corporation

“Key Employee” means a Buck Institute employee who meets all of the following tests applied in the following order:

1. $150,000 Test. Receives compensation from the Buck Institute in excess of $150,000 for the calendar year ending with or within the Buck Institute’s tax year.

2. Responsibility Test. The employee (a) has responsibilities, powers, or influence over the Buck Institute similar to an officer or director; or (b) manages a discrete segment or activity of the Buck Institute that represents 10% or more of the activities, assets, income, or expenses of the Buck Institute; or (c) has or shares authority to control or determine 10% or more of the Buck Institute’s capital expenditures, operating budget, or compensation for employees.

3. Top 20 Test. Is one of the 20 employees who satisfy both the $150,000 Test and the Responsibility Test with the highest reportable compensation from the Buck Institute for the calendar year ending with or within the Buck Institute’s tax year.

“Officer” means the Chair of the Board, Vice Chair, Secretary, Treasurer, President (Chief Executive Officer), Chief Administrative Officer, and Chief Financial Officer.

“Related person” means:

• A Family Member of a Trustee (spouse, ancestors, brothers and sisters (whether whole or half), children (whether natural or adopted), grandchildren, great-grandchildren, and spouses of brothers, sisters, children, grandchildren and great-grandchildren

• A corporation, partnership, trust or estate in a Trustee or Trustee’s Family Member owns more than 35% of the combined voting power, profits interest or beneficial interest (a “35% controlled entity”)

• An employee (or child of an employee) of a substantial contributor or of a 35% controlled entity of a substantial contributor, but only if the employee (or child) received the grant or assistance by the direction or advice of a substantial contributor or 35% controlled entity, pursuant to a program funded by the substantial contributor that was intended primarily to benefit such employees (or their children)

Ways to Give

Outright Gifts

GIFTS OF CASH
A common and straightforward way to make a gift. Cash gifts in the form of check, credit card or wire can be deducted – up to 60% of Adjusted Gross Income (AGI).

GIFTS OF APPRECIATED SECURITIES
Gifts of stocks, bonds, and mutual funds receive double benefit: income tax deduction available for Fair Market Value (FMV) of assets for up to 30% of AGI; and no capital gains tax paid when securities sold.

GIFTS OF REAL ESTATE
FMV income tax deduction available for up to 30% of AGI; no capital gains tax paid; can be combined with other tools (e.g., charitable remainder trusts and retained life estates).

GIFTS OF BUSINESS INTERESTS
Gifts of closely held stock; the Buck would then offer the stock back to the company for redemption or repurchase. Tax treatment identical to gifts of appreciated securities.

GIFTS OF PARTNERSHIP INTERESTS
Similar to a gift of closely held stock; Buck Institute may continue to hold the partnership interest or sell it.

GIFTS OF PERSONAL PROPERTY
Can include artwork, antiques, collectibles, or other personal property; may receive income tax deduction for FMV if “related use” requirements are met.

Estate Gifts

GIFTS BY WILL OR LIVING TRUST
Gifts should be made to BUCK INSTITUTE FOR RESEARCH ON AGING.

Charitable estate tax deduction available for 100% of gift.

Example of unrestricted bequest language: “I give, devise, and bequeath to The Buck Institute for Research on Aging, TAX I.D. #94-3030609, all [or state the fraction or percentage] of the rest, residue, and remainder of my estate, both real and personal.”

GIFTS OF RETIREMENT PLANS
Name the Buck as the beneficiary of an IRA, 401(k) or other qualified plan. The residual left in the plan goes to Buck tax-free.

The IRA Qualified Charitable Distribution (QCD) allows individuals aged 70 ½ or older to make outright gifts of as much as $100k annually to Buck from a traditional IRA. The withdrawal amount may count toward your annual required minimum distribution (RMD).

GIFTS OF LIFE INSURANCE
Transfer ownership of paid-up life insurance to the Buck, or name Buck as the beneficiary of a portion of the death benefit of any policy. If a policy is transferred, the Buck may decide to cash in the policy or keep the policy and receive the death benefit later.

Gifts in Partnership

CHARITABLE LEAD TRUSTS (CLT)
A gift of cash or other property is transferred to an irrevocable trust; the trust makes fixed annual payments to the Buck for a designated number of years. When the trust term ends the remaining principal goes to heirs.

With a charitable lead trust, you can make annual gifts to support an area of interest to you at Buck for a term of years, typically between 10 and 20.

In a low interest rate environment, CLT’s can provide a tax-effective means for giving to charity while retaining the ability to transfer wealth to heirs in a tax-advantaged manner.

CHARITABLE REMAINDER TRUSTS (CRT)
Like a CLT, a gift of cash or other property is directed to an irrevocable trust. However, in the case of a CRT the donor, or someone named by the donor, receives an annual income stream from the trust for a term of years or for life, and the Buck receives the remaining trust assets at the end of the trust term.

In addition to an annual income stream from the gifted assets, donors receive an immediate income tax charitable deduction and pay no capital gains tax at the time of gift.

The remainder interest, or balance of the assets when the trust terminates, may be used to create an endowment or to support specific areas of interest.

Sept 18, 2025

Mar 13, 2025

Dec 12, 2024

Sept 19, 2024

June 13, 2024

March 14, 2024

Dec 14, 2023

Sept 15, 2023

June 16, 2023 

March 17, 2023

June 7, 2024 Finance Committee minutes

March 8, 2024  Finance Committee minutes

Dec 8, 2023  Finance Committee minutes

Oct 23, 2023  Audit Committee minutes

June 2, 2023  Audit Committee minutes

June 9, 2023 Finance Committee minutes

March 10, 2023 Finance Committee minutes

Sept 1, 2023  Finance Committee minutes

July 22, 2025 Governance and Nominating Committee minutes

Sept 12, 2025 Governance and Nominating Committee minutes

BOT Glucose Monitoring Recording – Oct 8, 2024