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Ways to Support

Cash

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 ensure that your gift is used as you wish, please include a note stating the designation. You can make a gift today, 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.

The University has a broad variety of ways to offer support for its mission and the people working to make its students, faculty, research, and broad-based efforts successful. See the ways gifts can be offered in a one-time approach or through planned giving.

Gifts-in-Kind

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.

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

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. 

Bequests

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. 

The Office of Corporate and Foundation Relations builds, strengthens and enhances mutually beneficial partnerships between Virginia Tech and corporations and foundations worldwide. 

For more information on any of these giving options please contact the Office of Advancement, College of Natural Resources and Environment at Virginia Tech 540-231-7048 or with this valuable resource from Alumni Association.