WVSOM - Planned Giving

Make WVSOM a Part of Your Legacy.

One of the most efficient and meaningful ways to support WVSOM is through a planned or deferred gift.  Whether through your estate, a gift of an appreciated asset, or real estate, there are numerous ways you can make your desired impact on WVSOM without writing a check today.  By including the WVSOM Foundation in your will, you are making a statement about your desire to support the school and our mission.  You are ensuring that your legacy reflects your appreciation for WVSOM and osteopathic medicine. 

Please look at the different options you have for making a deferred gift to the WVSOM Foundation.  To learn more or to schedule a meeting with the WVSOM Foundation development director, please call Andrew Ickes at 304-647-6374.  Donors who include the WVSOM Foundation in their estate plans become members of the WVSOM Foundation's Lifelong Learners Society.  

If you have already made the WVSOM Foundation a part of your estate, please fill out and return the estate planning form so we can add your name to our Lifelong Learners Society.

Choosing the Best Asset To Give

Donors can fund planned giving from a variety of assets, including:

  • Cash
  • Marketable securities
  • Real estate
  • Life insurance
  • Retirement accounts
  • Certain personal property (artwork, antiques, jewelry, etc.)

Ways To Give  

Charitable Bequests
There are several different ways to leave a bequest in your will, including:

  • Outright bequests that designate a specific dollar amount to leave to WVSOM Foundation. With this option, you will know the exact sum to be applied to the program or area of your choice.
  • Percentage bequests that specify a percentage of the value of the estate to be given to WVSOM Foundation.
  • Leaving a specific item, account or asset to the WVSOM Foundation. 

​​​​​​S​imply put, this is a gift from your will or trust. It also gives you the flexibility to change your will in the event that life circumstances change. In as little as one sentence you can will your gift:
“I leave (% of estate, $ amount, residue) to WVSOM Foundation, a not- for-profit, corporation (Tax ID 51-016380) located in the State of West Virginia, to support the (program/need/endowment/unrestricted fund).”

Residual Income Bequest Through a Retirement Plan or Life Insurance Policy
Name WVSOM Foundation as a beneficiary of a retirement plan or life insurance policy. This can be a tax-efficient and easy way to support your school.

Charitable Lead Trusts
Ideal for large estates, this trust allows you to irrevocably transfer assets to a charitable lead trust, which in turn makes an annual payment to WVSOM Foundation for a set number of years. Assets return to heirs and beneficiaries at the end of the designated term.

Life Income Gifts
This form of giving allows you to make a gift to WVSOM Foundation while providing yourself or others with income for a period of time before the foundation receives your gift. Here’s how it works: You give cash, securities, or property assets. You and your beneficiaries receive a regular income, and you also may realize income tax and capital gains tax savings. After the term of your income benefits, WVSOM Foundation then receives your legacy gift.

Charitable Gift Annuities
In exchange for an outright gift, WVSOM Foundation pays a fixed quarterly dividend at an attractive investment rate to you and/or another beneficiary for life. This is the most common form of life income arrangement. You also may create a deferred charitable gift annuity, taking a tax deduction in the year of the gift, but delaying the first annuity payment for one or more years.

Charitable Remainder Unitrusts
Establish a trust from which you and/or other beneficiaries receive variable annual payments for life or a term of years. At the end of the term, the remainder of the trust assets go to WVSOM Foundation.

Charitable Remainder Annuity Trusts
Establish a trust from which you and/or other beneficiaries receive annual payments of a fixed dollar amount for life or a term of years, after which the remainder of the trust assets go to WVSOM Foundation.


Estate Planning Form