Major, Planned & Endowed Giving

Ways to Give

There are almost as many variations on ways to make a donation as there are needs to be met. Explore this section to discover new ways to make a gift that also take into consideration your personal circumstances and the needs of your heirs.


Beneficiary Designations

Many retirement plans, life insurance policies, and annuities allow you to allocate your assets in the event of your death through beneficiary designations. Those appointed primary beneficiary inherit first, but if they are dead or pass away with you, your assets go to the second beneficiary named.

How does it work?

Speak with your lawyer or financial advisor to inquire about your beneficiaries and their order in hierarchy. Contact our office at (434) 395-2028 if you have any questions or concerns.


Make a Bequest

A bequest is a disposition in a will.

How does it work?

To make a bequest, speak with your lawyer or financial advisor for the appropriate legal steps. Next, contact our office at (434) 395-2028 to set up a meeting.


Charitable Gift Annuities

A charitable gift annuity is a contract between a donor and Longwood, whereby the donor transfers cash or property to the university in exchange for a partial tax deduction and a lifetime stream of annual income from Longwood.

How does it work?

Speak with your lawyer or financial advisor for proper legal channels of creating a charitable gift annuity. Afterward, please contact our Gift Officer.


Charitable Lead Trusts/Memorable or Honorary Gift

A memorial gift can help preserve the values and ideals that defined a loved one’s life. Honorary gifts commemorate a significant event or an exceptional person who is still living.

How does it work?

To make a memorable or honorary gift, call our Gift Records Manager, Linda Locke, make a gift online at give.longwood.edu or make a gift over the phone with a student during Telefund. While taking your pledge, let the staff or student know you would like to make it a memorable or honorary gift in the name of whomever you decide.


Charitable Remainder Trusts

A charitable remainder trust is an irrevocable trust, normally funded with appreciated property. It is structured so that there is a current [you] and a remainder beneficiary [Longwood].

How does it work?

After speaking with your attorney or financial advisor, make an appointment with our office at (434) 395-2028.


Donor Advised Funds

A donor advised fund allows donors to make a charitable gift made on behalf of organizations, families, or individuals, receive an immediate tax benefit, and then recommend grants from the fund over time.

How does it work?

To create a donor advised fund, speak with your financial advisor and then call the Longwood Foundation.


Endowed Gifts

An endowed gift is a contribution invested directly with the generated income used to fund whatever donors specify. For example, a scholarship.

How does it work?

If advised by an attorney of financial advisor, an endowed gift generates income that can be used for awards, scholarships, or other needs students may have.


Give My Home, But Live There For Life

Many of our supporters homes mean the world to them, so it is impossible to think about living anywhere else. Many would also love to make a major gift to Longwood University, but do no have the means to make a gift today. If this is you, it sounds like a retained life estate is a great option.

How does it work?

A retained life state means you deed a farm or other personal residence to Longwood now. You retain the occupancy of the home for life while keeping up with the real estate taxes, maintenance fees, and insurance. In addition, you are able to rent out your home or make improvements. After your lifetime, and the lifetime of a spouse or other, we take possession of the property. If you are interested in this, please consult with an attorney prior to contacting the university.


Memorable or Honorary Gift

A memorial gift can help preserve the values and ideals that defined a loved one’s life. Honorary gifts commemorate a significant event or an exceptional person who is still living.

How does it work?

To make a memorable or honorary gift, call our Gift Records Manager, Linda Locke, make a gift online at give.longwood.edu or make a gift over the phone with a student during Telefund. While taking your pledge, let the staff or student know you would like to make it a memorable or honorary gift in the name of whomever you decide.