To Make a Gift...
Support for our mission can be unrestricted for general use within the college, or restricted to a specific use. These gifts support our current operations and can be made in any amount. These contributions can be one-time gifts or you can pledge to give a certain amount annually. Valuable gifts are not limited to cash donations, but also include real estate, tangible items, and insurance proceeds (including IRA's). If you have interest in this kind of support, please contact us for assistance. We have attorneys on staff to assist your counselors at no charge.
To Create a Legacy...
You can create a gift that resonates for generations through an endowment or an estate gift. The following list details ways that you can enjoy the satisfaction of shaping the future of our students, faculty and academic enrichment programs. Please contact us for more information.
Your gift may be used to name a fund to honor or memorialize a beloved pet, family member or friend. Naming opportunities also exist for current facilities and capital improvement projects. For information regarding naming opportunities or for personal assistance, please call 540-231-4716.
Endowment gifts start at $50,000 for a named endowment. Endowments are perpetual, as the college only uses part of the interest annually. The balance of the interest is returned to principal to offset inflation. This type of gift can support students, faculty, the hospital, research, or specific programs. For information regarding these gifts or for personal assistance, please call 540-231-4716.
Bequests are very simply accomplished. We suggest that your will states: "I give ____% of my estate to the Virginia Tech Foundation, Inc., Blacksburg, Virginia, on behalf of the Virginia Polytechnic Institute and State University. This bequest shall be used to support the _________ Fund Agreement in the Virginia-Maryland College of Veterinary Medicine". This then refers administrators back to your one page Fund Agreement that we put together for you. An advantage of this approach is simplicity. It allows you the opportunity to change the Fund Agreement later if you wish without having to go back and change your estate documents. Many bequests are simply made to the College and are unrestricted as to purpose recognizing that needs change over time.
Estate and Charitable Gift Planning
Gifts through the estate plans of individuals and families are always encouraged because of their far-reaching impact upon the College of Veterinary Medicine. Useful vehicles for estate gifts include living trusts, securities, real estate or retained life estate (life insurance policies, retirement plan assets, retained life estate), charitable lead annuity trusts and charitable lead unitrusts. Certain plans provide attractive tax benefits and life-income provisions for the donor during their lifetime, such as charitable remainder trusts and charitable gift annuities. For more information, please visit the Virginia Tech Office of Gift Planning.