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Jump to navigation. Carol Rumack, MD, says she can relate to some of the struggles today's underrepresented students may face. Carol followed in the footsteps of her mother and father, both physicians. In the late s, she was one of only five women in her medical school class of —and she was told she didn't belong there. My mother was one of only two women in her class in So when people told me you can't do it, I said 'Yes, I can! Today Carol is a professor of radiology and pediatrics, serves as associate dean for graduate medical education, and is a radiologist with a primary interest in neonatal imaging.
Barry is professor emeritus of pediatrics and emergency medicine and still actively engaged in teaching and research. The Rumacks completed their residencies at CU in the s and then joined the faculty, where they continue to make a difference to this day. The fund will one day provide flexible support for underrepresented medical students, especially women and minorities, at CU Anschutz for whatever challenges they may face.
We would like to see that area improve," Barry said. For example, research shows that just 5 percent of U. Hispanics and Native Americans are even more underrepresented. A diverse workforce improves medical care for people who are traditionally underserved, including the elderly, those who live in rural areas, and minorities. Patients are more likely to seek medical care and follow medical recommendations when they can relate to their doctor through a shared culture, background or language, Barry explained.
The School of Medicine is working to increase the diversity of its student body through community outreach, pipeline programs and scholarship support. The medical school has adopted a definition of diversity that embraces race, ethnicity, sexual orientation, gender identity, disability, religion, political beliefs, rural upbringing and socioeconomic status.
In an annual class size of , the number of medical students at CU Anschutz who fall within this definition has increased from 7 percent in to 28 percent. The Rumacks hope that their scholarship and support of the Mile High Medical Society scholarship will continue to bolster that effort for future generations of medical students by helping with the costs of such items like childcare, transportation, tuition, and other needed items all which help contribute to a student's success and sense of belonging at CU Anschutz.
We hope our gifts inspires the same philosophy which is why we've tried to give while we've been part of the school. Said Carol: "What we want to say by creating this scholarship fund is that we believe diversity is a value and we want to help support it with a scholarship. We want to give students the advantage of knowing CU School of Medicine is a place that really does care.
A charitable bequest is one or two sentences in your will or living trust that leave to the University of Colorado a specific item, an amount of money, a gift contingent upon certain events or a percentage of your estate. 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.
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 CU or other charities. You cannot direct the gifts. An endowed gift can create a new endowment or add to an existing endowment.
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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 CU 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.
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 CU where you agree to make a gift to CU 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. Please provide the following information to view the materials for planning your estate.
View My Free Brochure. Scholarship for a diverse medical school. Personal Estate Planning Kit Request Form Please provide the following information to view the materials for planning your estate. First Name First name is required.
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Scholarship for a diverse medical school.
Carol Rumack, MD