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All gifts count towards your class year, providing the information is updated in the system. Check Locate Your Year to find out what is in the system for you. *if your class has an endowed scholarship that is considered a restricted gift.
Unrestricted gifts are among the most valuable to VUU, because they allow the university to allocate funds wherever the need is greatest, and to take advantage of unique opportunities as they arise. Your unrestricted contribution may be used to support costs associated with financial aid, innovations in teaching, research equipment, facilities, and much more.
Restricted gifts allow you to designate your gift to a specific school or program, a support group, or a priority area at the university. When you make a directed gift to VUU, you enjoy the satisfaction of knowing you are supporting a program that is personally meaningful to you.
Chapter Gifts
Chapter gifts are counted through individual and group gifts. Please identify if an individual gift also includes a chapter having soft credit for a gift. Hard credit is the entity that gets the tax credit and soft credit is a notation that the gift was made on an organizations behalf, no tax credit giving to the soft credit entity.
Planned Gifts
You can leave a legacy with a gift that maximizes tax and other financial benefits. Planned giving is a way to invest in Virginia Union University while at the same time receiving income from your investment and/or bequeath cash property, etc., through vehicles such as wills, insurance policies, stocks and annuities.
Endowed Gifts
You can also leave your legacy in the form of an endowment. Endowed funds are the “savings account” to provide funding for such purposes as improving the University’s ability to support innovative academic programs, attracting and retaining outstanding faculty, scholarships for students and enhancing our facilities. New endowments can be named for the donor, in memory or honor of a loved one and, a business or an organization. A minimum of $25,000 is required to establish an endowment fund account.
Matching Gifts
If you work for a company that matches donations, your gift to VUU can be double or triple. Employees of many parent companies, subsidiaries are also eligible. Retired employees and non-alumni spouses often qualify as well. Simply obtain a matching gift form from your personnel office and follow the instructions for initiating the matching and send the completed form with your gift. *Matching gifts do not count towards chapter pledges or gifts.
Pledges
Pledges are customarily made payable over a period of time. A pledge form is used to express the chosen payment schedule. Payments on pledges may be tax-deductible in the year they were made.
Automatic Bank Draft Gifts
You can make a gift through automatic bank draft.
Stocks
You can make a gift through stocks.
For more information contact the Division of Institutional Advancement at 804-342-3938.
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