You may leave a bequest to Randolph-Macon under your will or name the College as the beneficiary of your life insurance policy or retirement account.
Bequests continue to account for a major portion of the College’s endowment and provide significant funding for the College’s programs, scholarships, and professorships.
Many of Randolph-Macon College’s alumni and friends have become partners in its history by remembering the College in their estate plans.
Bequests have provided, and will continue to provide, a certain and solid foundation for many lofty and ambitious dreams.
You can make a bequest to Randolph-Macon College in several different ways.
- A Specific Bequest leaves a specified amount of money or a specific asset. This type of bequest is particularly appropriate in the case of smaller bequests.
For example, “I give [insert specific dollar amount or asset] to Randolph-Macon College, Ashland, Virginia, and request that this gift be used by the College where the need is greatest.”
- A Percentage Bequest specifies the percentage of your estate that will go to the College.
For example, “I give Randolph-Macon College, Ashland, Virginia, [insert percentage] of my residuary estate to be used by the College where the need is greatest.”
- A Residuary Bequest gives the College the assets that remain after providing for others.
For example, “I give my residuary estate to Randolph- Macon College, Ashland, Virginia, to be used by the College where the need is greatest.”