Ways To Give

You can make a one-time or recurring payment securely online.

Mail a check payable to:  RMC Gift Processing; P.O. Box 5005; Ashland, VA 23005

Give us a toll-free call at 866-694-4574.

@JacketsGiveBack
(Please include your name, class year, and designation in the comment section).

Here are two simple ways you can make a gift through your DAF:

• Make an outright gift by recommending a grant to Randolph-Macon College.
• Designate Randolph-Macon College to receive all or a portion of the fund value upon the termination of the fund. Often, donors overlook naming a beneficiary for their donor-advised fund. Doing so is an important step that ensures the remainder in the fund will be distributed according to your wishes.

You can select the option that best suits your philanthropic and financial goals to support Randolph-Macon. Just contact your fund administrator to request a distribution or beneficiary form or download the appropriate form(s) from your administrator’s website.

Questions?  Contact Robert Patterson ’94 Executive Director of Planned Giving and Institutional Partnerships.

If you are at least 70 ½ or have reached an age to begin the required minimum distributions (RMD), you may make a gift directly from your traditional IRA account. This is known as an IRA Rollover or a Qualified Charitable Distribution (QCD). The amount distributed to Randolph-Macon will not be subject to federal tax and will be counted toward your annual required minimum distribution (RMD), if applicable. Additionally, one-time gifts of a maximum of $50,000 are now allowable to establish a charitable gift annuity, though restrictions apply.

For more information, please contact Robert Patterson ’94, Executive Director of Planned Giving and Institutional Partnerships at robertpatterson@rmc.edu.

Charitable giving may be part of your financial planning or your estate planning, and we’re here to help. Some examples of types of gifts might be:

• Gifts of stock/securities
• Gifts of real estate
• Charitable gift annuities
• Bequests (cash or stock)
• Naming RMC as beneficiary in a life insurance/retirement account

You can make an irrevocable gift of a personal residence, vacation home, or farm to Randolph-Macon College and retain the right to live in it for your lifetime.

A life interest, called a retained life estate, can be retained for your life or the lives of other individuals. Because the College receives your property at the end of your life, you are entitled to an income tax deduction at the time you make the gift.

You can also make an outright gift of all or a portion of your interest in your property, or use the property to establish a charitable remainder trust and receive income for your life or a term of years.

If you make an outright gift, you receive a current income tax deduction for the appraised value of the property. The proceeds from the subsequent sale of the property are applied to the area of the College your designate.

In the case of a trust, the proceeds from the sale are reinvested in the trust and provide income to you or another beneficiary. At the end of the trust term, the College applies the remaining principal to the College as you designate.

In the alternative, you may sell property to the College for less than its fair market value. This type of gift, called a bargain sale, is often used when an individual is interested in supporting the College with a gift of real estate while at the same time recouping some cash, perhaps equal to their initial investment in the property.

Faculty and staff are eligible to deduct a donation directly from their paycheck by completing this form.