Legacy Giving
A planned or legacy gift allows you to ensure that Virginia’s history, stories, and public records remain preserved and accessible for generations. By including the Library of Virginia Foundation in your long‑term financial or estate plans, you help safeguard the Commonwealth’s documentary heritage and support programs that connect people with information, learning, and the shared history that shapes our future. Your legacy becomes part of the ongoing work of protecting, honoring, and sharing Virginia’s past.
Legacy Giving Opportunities
Bequest in a Will or Living Trust
A bequest allows you to designate a gift to the Library of Virginia Foundation through your will or trust. You may leave a specific amount, a percentage of your estate, or assets such as securities or real property. You may be eligible for tax deductions, reducing the overall tax burden on your estate.
Example Language for Your Will:
“I give and bequeath to the Library of Virginia Foundation, 800 East Broad Street, Richmond, VA 23219, the sum of $___ (or ___% of my residuary estate) for its general purposes or for the benefit of [name of Library program or focus area such as Conservation and Acquisition, Education Programs, Virginia Authors and Literature, etc… ]
Beneficiary Designation
You may name the Library of Virginia Foundation as a beneficiary of your retirement plan, IRA, life insurance policy, or other financial account. This often requires only completing a form with your plan administrator.
Gifts of Appreciated Securities or Real Estate
You may donate stocks, bonds, mutual fund shares, or real property to support the Library’s mission while potentially receiving tax advantages.
IRA Charitable Rollover or Qualified Charitable Distribution (QCD)
If you are 70½ or older, you can donate any amount up to $111,000 directly from your IRA this year to make an immediate, tax-free impact while satisfying all or part of your required minimum distribution (RMD). Because this transfer bypasses your taxable income entirely, you benefit even if you do not itemize your deductions. Additionally, excluding this gift from your gross income lowers your overall annual income, which can help reduce your Medicare premiums and decrease the amount of your Social Security benefits subject to tax.
Charitable Gift Annuity (CGA)
A charitable gift annuity allows you to make a gift while receiving fixed payments for life. After your lifetime, the remaining value supports the Library’s mission of preserving and sharing Virginia’s history.
Charitable Remainder Trust (CRT)
A CRT provides income to you or other named individuals for life or a defined term. When the trust ends, the remaining assets pass to the Library of Virginia Foundation to support its archival, educational, and public programs.
Endowed Giving
An endowed gift allows you to create a permanent fund that generates ongoing support for the Library’s preservation efforts, digital initiatives, educational programs, or another area meaningful to you. You may establish a named endowment – honoring your legacy or someone important to you – or designate your endowed gift for a specific program or purpose within the Library of Virginia Foundation. Endowments are held in perpetuity, with annual distributions supporting the mission for generations.
William Waller Hening Society
Donors who have established a planned gift with the Library of Virginia Foundation are recognized as members of the William Waller Hening Society and receive special recognition and event invitations.
- One-year print subscription to Broadside magazine
- Invitations to private events, lectures, and exhibition previews
- Recognition in the Library’s annual list of donors in Broadside magazine and on the lobby monitor
- LVA window decal
- Early access to tickets for the Virginia Literary Awards
Next Steps
- For more information on how to arrange for a planned gift, please contact Kerry Kinnison, Director of Leadership & Planned Giving at 804.692.3599, or kerrykinnison@lva.virginia.gov.
- Seek the advice of your financial or legal advisor.
- To include the Library of Virginia Foundation in your plans, please use our legal name and federal tax ID.
- Please inform us of your intended gift, as many retirement plan providers do not notify nonprofit organizations of beneficiary designations. Sharing your plans ensures that your philanthropic wishes can be properly honored.
Legal Name: Library of Virginia Foundation
Legal Address: 800 E. Broad Street, Richmond, VA 23219
Federal Tax ID Number: 54-1298764
Information contained herein was accurate at the time of posting. The information on this website is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. Figures cited in any examples are for illustrative purposes only. References to tax rates include federal taxes only and are subject to change. State law may further impact your individual results.