Advisers guide for planned giving

Planned giving guide

VCU affiliated foundations

VCU has four philanthropic affiliated foundations. These entities accept and invest gifts in support of the university.

MCV Foundation (tax ID #54-6053660) for gifts that support the college, schools, departments and units on VCU’s health sciences campus: College of Health Professions, School of Dentistry, School of Medicine, School of Nursing, School of Pharmacy, Massey Cancer Center and VCU Health.

VCU Foundation (tax ID # 54-0757884) for gifts that support VCU generally and most colleges, schools, departments and units on VCU’s Monroe Park Campus: VCU Athletics, College of Humanities and Sciences, Division of Student Affairs, Honors College, Institute for Contemporary Art, L. Douglas Wilder School of Government and Public Affairs, Richard T. Robertson School of Media and Culture, School of the Arts, School of Education, School of Social Work, School of World Studies, VCU Libraries and VCU Life Sciences.

VCU School of Business Foundation (tax ID #20-2661802) for gifts that support the VCU School of Business and Brandcenter.

VCU College of Engineering Foundation (tax ID #54-1808901) for gifts that support the VCU College of Engineering.

Mailing address for all foundations:

Virginia Commonwealth University
Gifts and Records Management
Box 843042
Richmond, VA 23284-3042

Gifts from wills and trusts:

To name VCU in a will or trust please use the following suggested language:

Unrestricted bequest to VCU: use language similar to the following in the estate document:

I give, devise and bequeath to the [name of foundation], a nonprofit corporation located in Richmond, Virginia, [the sum of $ ____] or [ ____ % of my gross estate] or [ ____ % of the rest, residue and remainder of my estate] for the unrestricted support of Virginia Commonwealth University.

To designate or restrict the gift to a specific area, replace the statement “for the unrestricted support of Virginia Commonwealth University𔄙 from the unrestricted gift language above with one of the following statements:

• for the unrestricted support of the VCU [college/school/department/unit].
• for the VCU [college/school/department/unit] to be used for [restricted purpose such as scholarships or to be added to an existing fund].
• for the establishment of the [fund name] fund for the benefit of the VCU [college/school/department/unit]. The purpose of this fund shall be [purpose]

Gifts of appreciated securities

Please review the stock transfer instructions provided by the appropriate affiliated foundation on their website to confirm that you are viewing the most current information available.

VCU Foundation

DTC Participant #2039
Account Name: VCU Fdn Gift Clearing
Receiving Account: FFC Truist Bank Truist Acct #7013690
Donor Name: 
If you need further assistance or to notify VCU Foundation of an incoming gift of securities, please contact Chris Jones at (804) 828-9292 or scjones3@VCU.edu.

MCV Foundation

DTC Participant #2039
APershing
Attn: Chrissy Robles, Client Service Associate, Davenport & Co.
Phone (804) 697-2940
Fax (804) 549-4940
Email crobles@investdavenport.com
MCV Foundation’s DTC Number: 443
MCV Foundation’s Account Name: Medical College of Virginia Foundation
MCV Foundation’s FBO Account Number: DA4003319
54-6053660’s Tax Exempt Number: DA4003319

VCU School of Business Foundation

DTC Participant #2039
Account Title: VCU SOBF - Gift Clearing
Receiving Account #: FFC Truist Bank / Account #7045259
Donor Name:
Ask your broker to contact Truist Bank at (804) 782-7787 24 hours prior to confirm delivery of DTC-eligible security.

VCU College of Engineering Foundation

DTC Participant #2039
Account Name: VCU Fdn Gift Clearing
Receiving Account: FFC Truist Bank Truist Acct # 7013690
Donor Name:
If you need further assistance or to notify VCU College of Engineering Foundation of an incoming gift of securities, please contact Chris Jones at (804) 828-9292 or scjones3@vcu.edu.

Beneficiary gifts from retirement plans, life insurance, brokerage accounts or any other plan with a beneficiary designation:

Please contact the account provider for a change of beneficiary form. Update the form with the information for the appropriate affiliated foundation. Once you have filled out the form, please send a copy to PAMELA COLKER, J.D., Executive Director of Planned Giving, Monroe Park Campus at colkerp@vcu.edu.

Note to attorneys, accountants and other professional advisers:

Thank you for helping your client with their charitable planning. As a professional adviser, you build your client relationships on trust and mutual respect. The same is true for our relationships with our friends and donors.

We understand that financial, philanthropic and estate goals are unique to the individual. For this reason, we welcome the opportunity to assist as you incorporate your clients' philanthropic objectives into well-crafted estate plans. Furthermore, we encourage prospective donors to consult with their professional advisers before making decisions based on information we provide.

If you have any questions or concerns, please call (804) 827-2376 or email colkerp@vcu.edu.

Disclosure: This information is not intended as legal advice. For more specific advice, please consult your attorney or financial adviser.