Gifts to Benefit Yourself and Others

  • Charitable Gift Annuities

    A charitable gift annuity is part investment and part gift. It's a great option for donors who want to secure their own financial stability while ensuring support for the Virginia Beach Education Foundation (VBEF). A charitable gift annuity can provide:

    • Supplemental Income Payments for your lifetime and the lifetime of your spouse.
    • Significant Tax Breaks at the time of the gift and every year thereafter.
    • Support for VBEF for generations to come.

  • Charitable Remainder Trust

    A charitable remainder trust (CRT) is a "split interest" giving vehicle that allows you to make contributions to the trust and be eligible for a partial tax deduction, based on the CRT's assets that will pass to charitable beneficiaries

    There are two main types of charitable remainder trusts:

    • Charitable remainder annuity trusts (CRATs) distribute a fixed annuity amount each year, and additional contributions are not allowed.
    • Charitable remainder unitrusts (CRUTs) distribute a fixed percentage based on the balance of the trust assets (revalued annually), and additional contributions can be made.

In order to honor your legacy, we ask that everyone who has chosen to remember VBEF in their estate plan send us a confidential, written record of the gift. By submitting the Forever Club form, you allow VBEF to recognize and honor your gift, while keeping our records correct and updated for the annual, confidential audit performed to maintain our Charitable 501(c)(3) status. Should you wish for your gift to remain anonymous, simply let us know.

Thank you for your commitment to Virginia Beach City Public Schools through the Virginia Beach Education Foundation!

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