Aylor Society

Giving to UVA Engineering through your will or living trust is often referred to as a “bequest.” A bequest from your estate may include cash, securities, real estate, and/or personal property. It can be for a specific amount or for a percentage of your estate.

Assets from your individual retirement account, pension plan, profit sharing plan, stock bonus plan, 401(k) or 403(b) can constitute a large portion of your retirement portfolio. Designating UVA Engineering as a beneficiary of your retirement plan ensures we receive the full value of your gift, may be easily changed as your plans change, removes assets from your estate and reduces estate tax.

A charitable gift annuity is a gift that will provide you with income for the rest of your life and generously support the University.

The American Council on Gift Annuities approved a decrease in the suggested maximum payout rates for charitable gift annuities. In general, the payout rates will be lowered by 0.4 to 0.5 percentage points, based on the annuitant(s) age(s) (e.g., payout reduction of $40 to $50 on a $10,000 donation).

These new rates are effective as of July 1, 2020.

Charitable remainder trusts (CRTs) are an ideal form of philanthropy for those who wish to make a charitable gift to the University and to receive income for their lifetime and/or the lifetime of others.

A life insurance policy provides a relatively inexpensive way to ensure financial support for spouses, children, or other dependents when we die. They are often used as an integral part of a “wealth replacement” estate planning strategy to provide funds for estate taxes owed at death.