Create a Lasting Tribute

Honor Someone Special With a Future Gift in Their Name

If you have a loved one who has been impacted by Virginia Wesleyan University, establishing a memorial or tribute gift is a meaningful way to honor your loved one or celebrate a special occasion such as a birthday while supporting the work of our mission. Your memorial or tribute gift will be a lasting tribute to your loved one and make a difference in the lives of those we serve.

Going the Extra Mile

Mat and Krista LittletonVirginia Wesleyan is a special place for Mat and Krista Littleton. The couple came to VWU in 2004 at the young ages of 25 and 24, respectively, and have built VWU’s Cross Country and Track and Field program from the ground up. To show their appreciation for the support they’ve received, the head coaches recently formalized a $1 million bequest to Virginia Wesleyan University.

“There’s a lot of personal investment and attachment,” says Mat Littleton. “We wanted our money to go to where we’ve invested our time and our lives.”

The Littletons began thinking more seriously about their estate when Mat’s mother passed away unexpectedly at only 58 years old. They realized that they could have a long-term impact on the University with a planned gift down the road.

Half of the couple’s gift is designated to the establishment of the The Kathy Littleton Memorial Cross Country/Track & Field Endowment, and the remaining amount will provide financial support for students as well as the University’s overall athletic program.

“A lot of people probably think they don’t have the money right now to give, but they may not think about how they can do it through an endowment or estate plan,” says Krista Littleton.

The couple says they will continue to give what they can to projects around campus, but they are happy to know that their estate gift will make a difference in the future.

“Ultimately, we wanted to have the largest amount of impact possible on the University with whatever means we have,” says Mat.

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Next Steps

  1. Contact Lori Simpers Harris ’94 at 757.233.8786 or for additional information on creating a memorial gift at VWU.
  2. Seek the advice of your financial or legal advisor.
  3. If you make a memorial gift to VWU through your estate, please use our legal name and federal tax ID.

Legal Name: Virginia Wesleyan University
Address: 5817 Wesleyan Drive
Virginia Beach, VA 23455
Federal Tax ID Number: Please contact us for our federal tax ID number.

A charitable bequest is one or two sentences in your will or living trust that leave to Virginia Wesleyan University a specific item, an amount of money, a gift contingent upon certain events or a percentage of your estate.

an individual or organization designated to receive benefits or funds under a will or other contract, such as an insurance policy, trust or retirement plan

Bequest Language

"I, [name], of [city, state ZIP], give, devise and bequeath to Virginia Wesleyan University [written amount or percentage of the estate or description of property] for its unrestricted use and purpose."

able to be changed or cancelled

A revocable living trust is set up during your lifetime and can be revoked at any time before death. They allow assets held in the trust to pass directly to beneficiaries without probate court proceedings and can also reduce federal estate taxes.

cannot be changed or cancelled

tax on gifts generally paid by the person making the gift rather than the recipient

the original value of an asset, such as stock, before its appreciation or depreciation

the growth in value of an asset like stock or real estate since the original purchase

the price a willing buyer and willing seller can agree on

The person receiving the gift annuity payments.

the part of an estate left after debts, taxes and specific bequests have been paid

a written and properly witnessed legal change to a will

the person named in a will to manage the estate, collect the property, pay any debt, and distribute property according to the will

A donor advised fund is an account that you set up but which is managed by a nonprofit organization. You contribute to the account, which grows tax-free. You can recommend how much (and how often) you want to distribute money from that fund to VWU or other charities. You cannot direct the gifts.

An endowed gift can create a new endowment or add to an existing endowment. The principal of the endowment is invested and a portion of the principal’s earnings are used each year to support our mission.

Tax on the growth in value of an asset—such as real estate or stock—since its original purchase.

Securities, real estate or any other property having a fair market value greater than its original purchase price.

Real estate can be a personal residence, vacation home, timeshare property, farm, commercial property or undeveloped land.

A charitable remainder trust provides you or other named individuals income each year for life or a period not exceeding 20 years from assets you give to the trust you create.

You give assets to a trust that pays our organization set payments for a number of years, which you choose. The longer the length of time, the better the potential tax savings to you. When the term is up, the remaining trust assets go to you, your family or other beneficiaries you select. This is an excellent way to transfer property to family members at a minimal cost.

You fund this type of trust with cash or appreciated assets—and may qualify for a federal income tax charitable deduction when you itemize. You can also make additional gifts; each one also qualifies for a tax deduction. The trust pays you, each year, a variable amount based on a fixed percentage of the fair market value of the trust assets. When the trust terminates, the remaining principal goes to VWU as a lump sum.

You fund this trust with cash or appreciated assets—and may qualify for a federal income tax charitable deduction when you itemize. Each year the trust pays you or another named individual the same dollar amount you choose at the start. When the trust terminates, the remaining principal goes to VWU as a lump sum.

A beneficiary designation clearly identifies how specific assets will be distributed after your death.

A charitable gift annuity involves a simple contract between you and VWU where you agree to make a gift to VWU and we, in return, agree to pay you (and someone else, if you choose) a fixed amount each year for the rest of your life.

Personal Estate Planning Kit Request Form

Please provide the following information to view the materials for planning your estate.

eBrochure Request Form

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