Your act of Generosity, Our Longevity

By choosing to leave a legacy, you're not only making a gift that aligns with your philanthropic goals - you're making a commitment to a brighter future for generations of students, leaders, and change-makers at Norfolk State University.

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You are at: Planned Giving > Gift Options > How to Give

How to Give

Planned Giving helps you meet your personal, financial and estate planning goals by making a lifetime or testamentary charitable gift. Learn about the benefits below. A Planned Gift can provide you income for life, provide for your family, and protect your assets!

IRA Rollover

Congress has enacted a permanent IRA charitable rollover. As a result you can make an IRA rollover gift this year and in future years.

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Will (Bequest)

You designate the Norfolk State University Foundation as the beneficiary of your asset by will, trust or beneficiary designation.

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Beneficiary Designation

You can designate us as a beneficiary of a retirement, investment or bank account or your life insurance policy.

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Gifts that pay YOU Income

You transfer your cash or appreciated property to our organization in exchange for our promise to pay you fixed payments (with rates based on your age) for the rest of your life.

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Donor Advised Funds

You fund a DAF and make charitable gift recommendations during your lifetime. When you pass away, your children can carry on your legacy of giving.

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Gift it Twice Trust

You provide your children with a stream of income while making a gift to charity.

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Blended Gift

There are many lifetime and estate gift options that can make your giving go farther than a simple gift of cash or property.

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  • Bequest
    You designate the Norfolk State University Foundation as the beneficiary of your asset by will, trust or beneficiary designation.
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  • IRA Rollover
    Congress has enacted a permanent IRA charitable rollover. As a result you can make an IRA rollover gift this year and in future years.
    More
  • Donor Advised Funds
    You fund a DAF and make charitable gift recommendations during your lifetime. When you pass away, your children can carry on your legacy of giving.
    More
  • Beneficiary Designation Gifts
    You can designate us as a beneficiary of a retirement, investment or bank account or your life insurance policy.
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  • Charitable Gift Annuity
    You transfer your cash or appreciated property to the Norfolk State University Foundation in exchange for our promise to pay you fixed payments (with rates based on your age) for the rest of your life.
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  • Charitable Remainder Unitrust
    You transfer your cash or appreciated property to fund a charitable remainder unitrust. The trust sells your property tax free and provides you with income for life or a term of years.
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  • Charitable Remainder Annuity Trust
    You transfer your cash or appreciated property to fund a charitable remainder annuity trust. The trust sells your property tax free and provides you with fixed income for life or a term of years.
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  • Charitable Lead Trust
    You fund a trust that makes gifts to us for a number of years. Your family receives the trust remainder at substantial tax savings.
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  • Sale and Unitrust
    You give a portion of your property to us to fund a charitable remainder trust, when the property sells you receive cash and income for life.
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  • Bargain Sale
    We purchase your property for less than fair market value. You receive cash and a charitable deduction for the difference between the market value and purchase price.
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  • Give It Twice Trust
    You provide your children with a stream of income while making a gift to charity.
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  • Life Estate Reserved
    You give your property to the Norfolk State University Foundation but retain the right to use the property during your life.
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