Life insurance beneficiary gift

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A gift of life insurance for VCU

There are two ways to support VCU with a gift of life insurance.

Name VCU as beneficiary of your life insurance policy. This simple gift can be completed by updating your beneficiary information with your policy provider.
Transfer ownership of a paid-up life insurance policy to VCU or, take out a new policy that names VCU as owner and sole beneficiary. Receive a charitable deduction for your annual gifts to cover policy premiums.

Not all life insurance policies are appropriate for both types of gifts. To learn more, contact PAMELA COLKER, J.D., Executive Director of Planned Giving, Monroe Park Campus, at (804) 827-2376 or colkerp@vcu.edu

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© Planned Giving Marketing. This document is informational and educational in nature. It is not offering professional tax, legal, or accounting advice. For specific advice about the effect of any planning concept on your tax or financial situation or with your estate, please consult a qualified professional adviser.

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Last updated: 8/10/2022 8:42 PM

This site is informational and educational in nature. It is not offering professional tax, legal, or accounting advice. For specific advice about the effect of any planning concept on your tax or financial situation or with your estate, please consult a qualified professional adviser.

*Affiliated foundations

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.

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.