Planned Giving
Planned giving through the Virginia Athletics Foundation recognizes forward-thinking donors who choose to support Virginia Athletics through financial or estate planning. With planned gifts, donors may be able to make a greater impact than they thought possible during their lifetime.
Planned gifts to Virginia Athletics Foundation (VAF) may include:
1.
Plans from your estate
Bequests are gifts you establish through your estate plans. These plans include naming VAF as a beneficiary of your will or living trust, retirement plan, or life insurance.
2.
Plans that pay you an income
You make a gift to the Virginia Athletics Foundation and receive income for your life or for the lives of the beneficiaries you choose. These plans include Charitable Gift Annuities and Charitable Remainder Trusts.
3.
Plans that help Virginia Athletics now and your family later
Income from a gift you make for a specified period is used to benefit Virginia Athletics, and the rest is returned to you or your heirs. This plan is called a Charitable Lead Trust.
4.
Life insurance policies
Transferring ownership of a life insurance policy you no longer need or funding a new policy to support athletics are also excellent ways to make a gift.
Donors who make an irrevocable planned gift, e.g. charitable remainder trust, gift annuity, transfer ownership of a life insurance policy, etc. will receive special invitations to events and/or athletic contests as well as VAF Priority Points. Additionally, donors who provide documentation naming the Virginia Athletics Foundation as an irrevocable beneficiary in the donor's estate plans will receive VAF lifetime giving priority points (2 points per $100).
Donors can also name a scholarship or other endowment to be awarded and administered once the funds are received.
For additional information about planned giving, please refer to this link.
If you have included the Virginia Athletics Foundation in your estate plans or would like additional information, please reach out to Drew Ossakow, Senior Major Gifts Officer, at 434-982-5572 or dossakow@virginia.edu.