The University serves Virginia, the nation, and the world by preparing responsible citizen-leaders; advancing, preserving, and disseminating knowledge; and providing world-class patient care.
All gifts of any kind help secure the University’s place as a premier institution of learning and make it possible for our students, faculty, and researchers to shape a brighter.
You can give to all 12 schools across Grounds. The possibilities are endless for supporting our students, faculty, and programs. Together, we will find the way forward.
You can join the growing number of alumni and friends who invest now in the University’s future by including UVA as a beneficiary of their wills, charitable trusts, and retirement plans. Gifts like these can offer you and your family significant tax benefits as well as greater financial flexibility in meeting your personal and philanthropic goals.
Through Honor the Future, the Campaign for the University of Virginia, we are building on our strong foundations to support the president’s vision: to become the best public university by 2030 and one of the very best in the world.
Overview
Giving to the University through your will or living trust is often referred to as a “bequest.” A bequest from your estate may include cash, securities, real estate, and/or personal property. It can be for a specific amount or for a percentage of your estate.
Your bequest to the University is:
In this webinar presented by the Office of Gift Planning, Skip Fox (Law ’80) of McGuireWoods LLP covered wills, living trusts, designating beneficiaries for retirement plans and life insurance policies, and planning for financial and health care matters with powers of attorney and living wills.
WATCH NOW
If you are writing your will or living trust, you will need to include specific language that correctly identifies your support. If you already have a will, you can add a codicil or amendment to your existing estate plan. If you already have a living trust, you would simply modify the language, directing your trustee to make the desired distributions.
Gift will be used for University-determined purposes
I bequeath to The Rector and Visitors of the University of Virginia, a Virginia public corporation located in Charlottesville, Virginia, the sum of $__________________ [or property described herein] to be used by the University in its discretion for its general purposes.
OR
I bequeath all the rest of my estate [or ___ percent (__%) of the rest of my estate] to The Rector and Visitors of the University of Virginia, a Virginia public corporation located in Charlottesville, Virginia, to be used by the University in its discretion for its general purposes.
Gift will be used for purposes you define
I bequeath to The Rector and Visitors of the University of Virginia, a Virginia public corporation located in Charlottesville, Virginia, the sum of $__________________ [or property described herein] to be used by ________________________________ for the following purpose: ______________________________________________.
I bequeath all the rest of my estate [or _____ percent (_%) of the rest of my estate] to The Rector and Visitors of the University of Virginia, a Virginia public corporation located in Charlottesville, Virginia to be used by ________________________________ for the following purpose: ___________________________________________________________.
* If you want to restrict your bequest to a particular school or program, we recommend that you review your intentions with the Office of Gift Planning or a University representative so that they may provide the correct designate language and ensure that your wishes are carried out.
The University of Virginia does not provide legal, tax, or financial advice. We strongly recommend that you consult professional advisors on all legal, tax, or financial matters, including gift planning considerations. To ensure compliance with certain IRS requirements, we disclose to you that this communication (including any attachments) is not intended or written to be used, and cannot be used, for the purpose of avoiding tax-related penalties.
