The most common way to make a gift is by check, which should be made payable to “The Virginia Tech Foundation, Inc.” and mail to:
Office of University Development
201 Pack Building
Blacksburg, VA 24061
To insure that your gift is used as you wish, please include a note stating the designation. If you would like to make a gift today, please go online to: http://cnre.vt.edu/alumni/giving/index.html or call (540) 231-7048 for questions or help.
Donors are more frequently using credit cards to make their gift. Some simply call in their donation; others specify that an automatic charge is to be made periodically. For more information, contact the College of Natural Resources and Environment office at (540) 231-5481 or The Office of Investments and Debt Management online at http://www.idm.vt.edu/Making_Gifts/index.html
Gifts-in-kind are items of tangible personal property such as art, books, computer equipment, and automobiles. They are donated for related educational purposes and are recorded at their fair market value.
Real estate gifts can be a tax-wise way to support Virginia Tech since they can be donated without paying any capital gains taxes. Moreover, if a donor has held the property for more than one year, he or she can claim a tax deduction based on its fair market value — even though it was purchased for only a fraction of that amount. (Property held less than one year also can be donated, qualifying for a deduction typically based on what the donor paid for it.)
There are a variety ways in which real estate can be donated. It can be used to make an outright gift, allowing an endowment, capital project, or other needs to be funded right away. It can be used to fund a life income gift, paying the donor, and perhaps others, an income stream for life with the remainder then being used to support Virginia Tech. Donors also can contribute a remainder interest in a residence or a farm; this enables them to make a gift to Virginia Tech today while still living in their house or on their farm for the rest of their lives.
While the requirements to make a real estate gift vary, depending on the type of gift being considered, they typically require at least three steps — an appraisal of the property’s value, an assessment of any environmental risks posed by the property, and the preparation of a deed that actually transfers the property
Life Income/Planned Gift
A planned gift may enable you to satisfy personal financial planning needs in addition to providing the College with important, long-term support. Some plans may provide income for life (or a term of years), an immediate income tax charitable deduction, avoidance of capital gains tax, and professional asset management (if the University serves as trustee). If a gift is made through your will, you obtain significant estate tax benefits. For more information on planned gifts: http://www.campaign.vt.edu/campaign-vt/?q=outright-gifts
In writing your will or living trust, you can specify that you would like your estate to benefit the Department of Sustainable Biomaterials, College of Natural Resources and Environment at Virginia Tech. For more information on planned gifts: http://www.campaign.vt.edu/campaign-vt/?q=bequests
The Office of Corporate and Foundation Relations builds, strengthens and enhances mutually beneficial partnerships between Virginia Tech and corporations and foundations worldwide. For information on some of our most successful partnerships and other information about corporate giving please go to http://cnre.vt.edu/alumni/giving/index.html.
For more information on any of these giving options please contact the Director of Development, College of Natural Resources and Environment at Virginia Tech (540) 231-7048 or online at http://www.campaign.vt.edu/campaign-vt/