Planned gifts can be a significant benefit to you, your family, and PVCC. There are many types of planned giving, and the type of gift that is best for you depends on your needs and expectations. We encourage you to talk with your financial advisor, family, and the college about options available to you. Examples of planned giving include:
Bequests and Wills
The simplest way to make a planned gift is by naming the PVCC Educational Foundation in your will as the recipient of a particular percentage of your estate’s value, a specific dollar amount, or a specific item of real property. A bequest is a meaningful way to support the college without affecting your cash flow during your lifetime. A bequest gift to the GTCC Foundation is easy to make with an attorney’s help.
Most of your wealth is probably invested in your home, a bank or other investment accounts. Life insurance, IRAs, investment checking and retirement accounts, and real estate are all assets that can be transferred to your loved ones or benefit our cause without you ever writing a will. The disposition of these kinds of accounts usually depends upon the beneficiary instructions you have designated on the account. By making a simple change, these assets can automatically to the beneficiaries you select.
IRA Charitable Rollover
If you are 70 ½ or older you can use your individual retirement account (IRA) to support our cause. Making an IRA charitable rollover gift to us will lower income and taxes from your IRA required minimum distribution this year.
To learn more about the many ways you can support the college, contact the PVCC Educational Foundation Office at (434)-961-5203 or firstname.lastname@example.org.