Legacy Society & Planned Giving

Planned gifts include bequests made through testimony devices such as wills, retirement plans, life insurance plans, and revocable trusts. You can also make lifetime gifts, such as charitable gift annuities, charitable remainder trusts, and charitable lead trusts.

Bequests

The most straightforward way to make a planned gift to the Visual Arts Center of Richmond is by including VisArts in your will.

Types of bequests:

  • A fixed sum of money or a designated property – it may be art, insurance, stock, or the like.
  • A percentage of the total value of your estate
  • The residue (what’s left over) from your estate once all other bequest have been made
  • A secondary or contingent bequest – should a loved one predecease you.

Language for making a bequest

To include the Visual Arts Center in your will, or to include it in an amendment (or codicil) to your existing will, we suggest you use the following language according to the type of donation you would prefer to give:

Dollar Amount

I give, devise, and bequeath to the Visual Arts Center of Richmond, located at 1812 W. Main Street, Richmond, VA 23220 the sum of $______.

Percentage of Your Estate
I give, devise, and bequeath to the Visual Arts Center of Richmond, located at 1812 W. Main Street, Richmond, VA 23220 the ___(Percentage)% of my estate.

Property
I give, devise, and bequeath to the Visual Arts Center of Richmond, located at 1812 W. Main Street, Richmond, VA 23220 (a description of the property).

Residue
I give, devise, and bequeath to the Visual Arts Center of Richmond, located at 1812 W. Main Street, Richmond, VA 23220 all the residue of my estate, including real and personal property.

Before considering a planned gift, please first contact your attorney. If you do not have an attorney, ask for referrals from friends and family or your local bar association. Sit down with your family and set out the goals that you would like to accomplish through your estate planning.

For more information, please contact Liz Bryant, Director of Development at 804-353-4457 or lizbryant@visarts.org.