A Significant Gift: Karrie Burnham Southall "My philosophy is everyone should help," says Karrie Burnham Southall (Col '98). "At this point in my life, I can't give large sums of money, but this was something I could do and wanted to do for the University." Ms. Southall has designated the University as beneficiary of her life insurance policy.
A growing number of alumni and friends choose to support the University of Virginia through financial or estate planning. This process is known as "gift planning" and the gifts are referred to as "planned gifts."
Planned Gifts may be of three types:
Plans from your estate
Bequests are gifts you establish through your estate plans. These plans include:
Plans that pay you an income
You make a gift to the University and receive income for your life or for the lives of the beneficiaries you choose. These plans include:
Plans that help the University now and your family later The University uses the income from a gift you make for a specified period of time, and then returns the remainder to you or your heirs. This plan is called a
