Aylor Society

Create your legacy in UVA Engineering – Join the Aylor Society

The Aylor Society is a community of supporters who give to UVA Engineering through their estate plans. By making a planned gift in the form of a will, charitable trust or retirement plan, you are joining with other forward-thinking individuals to work collectively towards advancing the mission of the School. Your investment not only allows UVA Engineering to make strategic investments for the future, it also creates opportunities for you to meet your financial goals and reach your philanthropic aspirations.

Qualifying Gifts Include

  • Bequests (Wills or Living Trusts)

    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.

  • Retirement Plan Assets

    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.

  • Gift Annuities

    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

    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.

  • Life Insurance

    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.

As a member of the Aylor Society, you are also a member of the Cornerstone Society, UVA’s planned giving society.

If you have interest in joining the Aylor Society, please contact the UVA Engineering Office of Advancement at 434-924-3045 or vef-info@virginia.edu.