Monday, Dec. 9, 2013
44 ° Cloudy
Join the more than 110 parents, alumni and friends who have included Virginia Wesleyan College in their estate plans. As a member of the Heritage Society, you will be invited to special events hosted by the President and will also receive various communications from the College. Gifts and expected gifts now total almost $19 million for the students of tomorrow.
What is planned giving?
Planned giving is arranging now to make a gift later. Often it is done in the form of a will or a charitable trust.
Planned giving is a powerful tool that can work for you. It can help you make larger gifts than you think are possible. Some planned gifts can provide you with income for life. A planned gift provides a way for you to help secure your own financial future and the financial future of Virginia Wesleyan College.
Many types of planned gifts reduce or eliminate capital gains taxes, generate a charitable income tax deduction, and reduce or eliminate gift and estate taxes. They help more of your money go where you really want it.
Do you have suggested bequest language that I can use?
"I bequeath $10,000 to Virginia Wesleyan College, to be used for the area of greatest need at the College at the time of my death." OR "I bequeath five percent of my estate to Virginia Wesleyan College, to be added to the general scholarship endowment."
What are the types of planned gifts?
See deferred gifts
What should I do first?
Seek advice from your financial, legal and tax counsel when considering a charitable gift of any type. Gift planning is unique to each individual or couple. The specific benefits of a planned gift are influenced by a number of variables such as the donor's age, income tax bracket, size of the gift, nature of held assets, etc. Your professional advisors will be familiar with your circumstances.
Whatever you decide to do, the gift you make will be a reflection of your own needs, interests and situations.
What if I know I want to make a planned gift to Virginia Wesleyan?
If you are interested in a private conversation regarding your estate plan, please feel free to contact Mary Kate Andris, Ed.D. at 757.455.2136 or email firstname.lastname@example.org