Support
Ways to Give

Planned Giving

Support Norfolk Collegiate Today & In the Future

There are several ways to support Norfolk Collegiate, many of which may be more beneficial and have greater tax advantages. Whether the gift is annual giving, capital campaign or endowment, the benefits and advantages are all the same.

By utilizing any of the methods described below, you may find that you can give more and save more, which is a valuable combination for everyone.

For more information or to set up your planned giving, please contact Stacy Nixon, assistant head for advancement, at snixon@norfolkcollegiate.org or 757.583.0921.

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  • Photo of Stacy Nixon

    Mrs. Stacy Nixon 

    Assistant Head for Advancement

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  • Recurring Gifts

    Recurring giving is an easy and automatic way to support Norfolk Collegiate. It's convenient, environmentally friendly and helps ensure a consistent source of funding for the school and our students.

  • Gifts of Bequests

    We welcome bequests through your estate by including a provision in your will or living trust. You can also name Collegiate as a beneficiary of a retirement plan. The amount left to the school can be expressed as a dollar amount or as a percentage of the assets to be given.
     
  • Gifts of Life Insurance

    Life insurance offers two ways to provide a donor with a significant charitable deduction and benefit Norfolk Collegiate at the same time.

    1. Purchase a new policy and make the school the beneficiary.
    2. Make a gift of a policy that you no longer need.
    To receive this deduction, designate Norfolk Collegiate as both the owner and the beneficiary of the life insurance policy. It's important to check with your life insurance agent for details.

    Wills and bequests including Norfolk Collegiate in your estate plan is a simple way to remember the school. It involves no loss of capital or income for you and may have positive tax benefits for your heirs. Many donors find that a bequest is a tremendous way to supplement their lifetime gifts to the school.

    Please note that you should contact your attorney, accountant, tax adviser or insurance agent for additional information or assistance in utilizing one or more of these techniques of giving.
     
  • Gifts of Real Estate

    A residence, vacation home, rental property, farm acreage, or vacant lot may have appreciated in value through the years so that its sale would mean a sizable capital gains tax. By making a gift of this property, you would avoid the capital gains tax and at the same time receive a charitable deduction for the full fair market value of the property. It is also possible to structure the gift so that you or your beneficiaries can continue to use it during your lifetime.
     
  • Gifts of Securities

    A gift of stock you have owned for a number of years can have tax advantages for you. If you have owned the stock for more than a year and it has increased in value, its outright gift to Norfolk Collegiate would mean a significant tax savings. You are not required to pay capital gains tax on the appreciation, so the actual cost to you may be less.
     

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