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Planned Giving

Establish a lasting legacy on the MCV Campus

Plan for your future while helping the MCV Campus plan for its own. Planned giving donors create living legacies, forge enduring partnerships and help shape our future. Whether you memorialize a loved one, support talented students or underwrite pioneering faculty research, you choose how VCU Health will benefit from your generosity.

Types of Gifts Helpful Information

MCV Society Brochures

Donate Appreciated Securities

Donating appreciated securities that you have owned for more than one year avoids capital gains tax and qualifies for a charitable income tax deduction for the full value of the securities.

Include a Bequest to the MCV Foundation in Your Will 

Testamentary bequests are deductible for estate tax purposes and support our students, faculty and programs well into the future. Bequests may be structured in a number of ways: your bequest may be unrestricted, directed to a specific purpose, or establish an endowed fund in memory or in honor of you or someone else. Consult our sample bequest language for more information. 

Make a Gift from Your IRA

Donors who meet certain requirements may make charitable transfers from their individual retirement account (IRA) — commonly referred to as the charitable IRA rollover — directly to the MCV Foundation to support any cause on the MCV Campus. Please contact us to learn more. 

What gifts qualify for the charitable IRA rollover?
  • The donor must be 70½ or older.
  • The gift must be transferred directly from a qualified IRA to the MCV Foundation.
  • Charitable IRA rollover gifts to all charities combined may not exceed $100,000 per taxpayer, per tax year.
Additional details
  • Charitable IRA rollover gifts may satisfy your required minimum distribution.
  • Your charitable IRA rollover gift is not included in your income, and no charitable deduction is allowed.

Name the MCV Foundation a Beneficiary of Retirement Accounts

Upon death, retirement assets are generally taxed as income to the named beneficiary and included as a taxable estate asset. As a result, your beneficiary may ultimately receive only a fraction of the account’s value. By naming the MCV Foundation or any school, unit or program as your beneficiary, you can avoid these taxes entirely with 100% of your gift supporting your charitable intentions and thus leave more tax-efficient assets to your beneficiaries.

Establish a Charitable Gift Annuity

Establishing a charitable gift annuity with the MCV Foundation provides lifetime fixed payments to you and/or your spouse or any other beneficiary you choose. Charitable gift annuities may be funded with a minimum gift of $25,000 in cash or securities.  

Establish a Charitable Remainder Trust

Funded with cash, securities, real estate or other appreciated property and managed by a trustee you choose, charitable remainder trusts provide a lifetime income stream that is determined as a fixed amount (annuity trust) or as a percentage of the value of the trust, revalued annually (unitrust). You receive an immediate charitable income tax deduction for a portion of any gift you make to the trust. Upon termination of the trust, the accumulated principal, or “remainder interest,” goes to your desired cause on the MCV Campus. The MCV Foundation does not trustee charitable remainder trusts, although we are happy to work with you and your advisor to establish this type of planned gift.

Establish a Charitable Lead Trust

A charitable lead trust allows you to transfer assets to future generations at a significantly reduced gift or estate tax cost while providing annual payments to the your chosen area on the MCV Campus for a term of years (or until the end of your or another’s life). When the lead trust terminates, all remaining trust assets revert to non-charitable beneficiaries. The MCV Foundation does not trustee charitable lead trusts, although we are happy to work with you and your advisor to establish this type of planned gift.

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A Gift Given in Gratitude

School of Medicine alum Dr. Robert Swisher shares his gratitude for the excellent education he received on the MCV Campus.

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