Make a Gift
If you would like to talk to someone about your gift, contact:
Associate Dean for Development
Phone: 800-332-8813 or 804-828-4800
Thank you for your interest in making a gift to the School of Medicine. You can do so in a number of ways:
- Outright Gifts by check, credit card or payroll deduction
- Gifts of Appreciated Securities
- Planned Gifts
- Other Gifts
A gift of cash is a simple way to have an immediate impact. Cash gifts may be pledged over several years.
To make a credit card gift online, please use the university's secure giving site.
VCU faculty and staff may make a gift by Payroll Deduction.
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 appreciated securities is allows you to support the medical school and derive considerable tax benefits. 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.
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.
For more information about joining the MCV Society, gift annuities or if you would like to receive an illustration that shows how a charitable gift annuity would work for you, please contact:
Associate Dean for Development
You can also explore planned giving options at the MCV Foundation’s Pathways to Giving web resource.
The MCV Society recognizes individuals who have taken steps to provide support through a bequest or any type of life-income gift including:
- Charitable Bequest
- Insurance Policy Provision
- Retirement Plan Designation
- Life-income gifts created with an irrevocable gift to a:
- Charitable Remainder Trust
- Gift Annuity
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.
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 include:
- 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).
- Charitable Gift Annuities
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.
Charitable Gift Annuities are attractive and secure alternative for many alumni
When Fred Rahal, M’59, investigated the benefits of Charitable Gift Annuities, he found an opportunity to generate an annual retirement income while, at the same time, building an endowment for the Department of Pediatrics, where he had completed his housestaff training in 1962. With a Charitable Gift Annuity, a donor can make a gift of cash or property to the MCV Foundation, and the Foundation will provide the donor with a guaranteed income for life.
With a Charitable Gift Annuity, a donor can make a gift of cash or property to the MCV Foundation, and the Foundation will provide the donor with a guaranteed income for life.
While we can't guarantee that all participants in MCV Foundation's Charitable Gift Annuity Program will live longer, they will enjoy these benefits: a satisfying gift, secure payment/ guaranteed rate, no administrative charges, gift designation power and partial charitable deduction.
For Dr. Rahal—at age 74 in 2003—that meant his gift of appreciated stock that was valued at about $25,000 would generate $1,775 in annual income for the rest of his life, before the principal would ultimately be put toward the Pediatric Endowment.
“It was a win-win situation,” said Dr. Rahal. “I was able to make a gift to Pediatrics, which was important to me, and avoided almost all of the capital gains tax I would have paid on the appreciated stock.” In 2003, the year he set up the gift annuity, Dr. Rahal also received a charitable income tax deduction of $10,300.
“I owe my career to the training I received in the Department of Pediatrics,” explained Dr. Rahal. So he was pleased to know that through the MCV Foundation’s Gift Annuity Program, he could designate which Campus program his gift would support.
In fact, Dr. Rahal was so satisfied with the arrangement, that he went on to set up a second annuity that will benefit the School of Pharmacy, where he earned a bachelor’s degree in 1953. This second annuity is designed to generate an annual income for the length of both his life and that of his wife Huda. About half of the Gift Annuities established at the MCV Foundation cover the life of the spouse as well.
By establishing the Charitable Gift Annuity, Dr. Rahal—like other alumni and friends who have taken steps to include the medical school in their estate planning—became a member of the MCV Society. The Society now boasts over 300 members who have made provisions in support of one of the MCV Campus Schools, and about a third of that membership has earmarked the gift for the School of Medicine.