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Thank you for your interest in making a gift to the School of Medicine. You can do so in a number of ways:
Outright Gift
A gift of Cash is a simple way to have an immedicate impact. Cash gifts may be pledged over a multi-year period and are fully deductible up to 50% of a donor's adjusted gross income.
Online
To make a credit card gift online, please select the type of donation you would like to make:
By Mail
When making a gift by check, please:
- Make it payable to School of Medicine, MCV Foundation.
- If you would like to specify that your gift be directed to the Annual Fund, a specific program, fund or department in the School, you may indicate that on the check's memo line.
- Please mail your gift to:
School of Medicine Development Office
P.O. Box 980022
Richmond, Virginia 23298-0022
Gifts of Appreciated Securities
A gift of long-term appreciated securities is exempt from capital
gains taxes. Appreciated stock gifts are deductible up to 30%
of the donor’s adjusted gross income. If you would like to transfer stock,
you or your broker may call
Jennings D. Dawson III, the MCV Foundation's Chief Financial Officer, at
(804) 828-9734.
Planned Giving
If you have included the School of Medicine in your will or have made a life income gift indicating the medical school as the beneficiary, please let us know so that we may  recognize you in the MCV Society. The MCV Society is managed by Ms. Sharon Larkins-Pederson at the MCV Foundation at (804)828-9734 or slarkins@vcu.edu.
The MCV Society recognizes individuals who have taken steps to provide support through a bequest or any of a variety
of life-income gifts:
- Charitable Bequest
- Insurance Policy Provision
- Retirement Plan Designation
- Irrevocable Gift to a Charitable Trust or Gift Annuity
Bequests
For many donors, a gift made through their will is the best way to make a substantial contribution. Donors can leave a specific dollar amount or a percentage of their estate. Through a bequest, a donor can make a gift without depleting current assets and can reduce federal estate taxes.
Life-Income Gifts
These gifts allow a donor to give and receive at the same time. Arrangements vary, but most options offer the following financial benefits:
- An income for life to the donor and a second beneficiary
- A charitable income tax deduction
- A reduction or avoidance of capital gains taxes
- Savings on estate and gift taxes
- A higher rate of return than many current investments
- Professional investment management
Types of Life Income Gifts
Charitable Gift Annuities
This is essentially a simple annuity contract. A donor
transfers assets to the MCV Foundation; in return, the donor
receives regular fixed payments for life. Rates vary with age
but often outpace other types of investments.
Read
about how Fred Rahal,
M'59, set up a Charitable Gift Annuity to benefit the Department
of Pediatrics, where he completed his housestaff training.
Deferred Charitable Gift Annuities
An excellent supplemental retirement fund vehicle, payments
are deferred to some future date with the payout rate
determined by the deferral period and the age of the donor at
the time payments begin.
Charitable Remainder Trusts
These are personalized management plans that are generally
established through irrevocable gifts of $250,000 or more.
The donor receives an annual income with the rate either
being a fixed amount of the assets (annuity trust) or a variable
rate based on the principal in the trust that year (unitrust).
Other Gifts
Gifts of life insurance, a retirement plan designation,
real estate or other kinds of property are all options for donors.
These gifts may be given outright or may be used to fund a life
income arrangement.
If you would like to talk to someone about your gift, please contact Tom Holland, Associate Dean for Development at (800) 332-8813, (804) 828-4800 or tehollan@vcu.edu.
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