We are sincerely delighted about your interest in supporting Virginia State University’s legacy. Every dollar you donate to the Virginia State University Foundation goes towards advancing the University’s mission and strategic goals. A gift of any size makes a difference and is vital to the prosperity of the University. We thank you in advance for your generosity and lifetime support!
An outright gift is a simple and straightforward way to contribute. Outright gifts include fund transfers from a credit card, check, cash, or a matching gift from your employer.
An in-kind gift is a gift of personal property or physical assets. The University and the Foundation reserve the right to accept or reject a gift of physical assets.
Endowment or Named Gift
An endowment is a gift of money or property with the stipulation that it be invested, and the principal remains intact in perpetuity or for a defined period of time. The earnings from the principal are used in accordance with the donor's wishes. The minimum amount to establish an endowment is $10,000 payable over a maximum period of three (3) years from the date of the initial contribution.
Giving securities (appreciated stocks and bonds) is an easy and tax-wise way to show your support to Virginia State University. You may receive the benefit or an income tax deduction based upon the value of the securities at the time you make the gift. You may be able to avoid capital gains tax on the appreciated value of the securities. You are advised to check with your tax advisor for deductions and capital gain treatment on all gifts of securities.
Many companies offer matching gift programs to encourage employees to contribute to charitable organizations. Most of these programs match contributions dollar for dollar, and some will even double or triple the amount of your gift.
A pledge gift can be payable over a specific period of time from the date of the original pledge.
Establish a scholarship gift in your name, in honor of a loved one or an organization. This type of gift will make a college education more affordable for a Virginia State University student.
A legacy gift includes bequests from wills, retained life estate, life insurance, charitable remainder trusts and retirement plan benefits. The following are examples of Legacy Gift giving:
A bequest is a gift or legacy left in your will or living trust, typically personal property or assets.
A transfer of the ownership of property by deed to Virginia State University Foundation.
Retained Life Estate
A gift arrangement where a donor deeds a personal residence to Virginia State University Foundation and retains the right to live there for life.
A gift of the ownership of a life insurance policy to Virginia State University Foundation.
Charitable Reminder Trust
The type of trust that pays one or more beneficiaries a fixed amount, typically for life, then the balance to Virginia State University Foundation.
A gift of part or all of an IRA or retirement plan account upon death.
For additional information about gift giving, please contact the Virginia State University Foundation at (804) 524-5215.
The information on this site is not intended for legal, tax or investment advice. For such advice, please consult an attorney, tax professional or investment professional.