Give to the Packaging Science Program

WAYS TO GIVE

CASH

The most common way to make a gift is by check, which should be made payable to “The Virginia Tech Foundation, Inc.” and mail to:

Office of University Development
201 Pack Building
Blacksburg, VA 24061

To insure that your gift is used as you wish, please include a note stating the designation. If you would like to make a gift today, please go online to:http://cnre.vt.edu/cnr_webpages/giving.htm or call (540) 231-7048 for questions or help.

Donors are more frequently using credit cards to make their gift. Some simply call in their donation; others specify that an automatic charge is to be made periodically. For more information, contact the College of Natural Resources office at (540) 231-5481 or The Office of Investments and Debt Management online athttp://www.idm.vt.edu/Making_Gifts/index.html

GIFTS-IN-KIND

Gifts-in-kind are items of tangible personal property such as art, books, computer equipment, used or new research equipments, and automobiles. They are donated for related educational purposes and are recorded at their fair market value.

List of needed equipments for the packaging program

UNRESTRICTED SUPPORT

Unrestricted gifts directed to the Department are used at the discretion of the Department Head to fund the most pressing Department priorities. By giving the Department Head the flexibility to distribute funds wherever necessary, such gifts enhance every aspect of student life in the department. Unrestricted gifts also enable the Department to respond to unanticipated needs and opportunities by providing administrators and faculty with the resources to start and nurture programs and initiatives that may well shape the university’s future direction.

You can give directly to the Packaging Science option at the Department of Wood Science and Forest Products. Please contact the Department Head or College of Natural Resources and Environment, Director of Development:

Department of Wood Science and Forest Products
(540) 231-8853.
230 Cheatham Hall (0323)
Blacksburg, VA 24061

REAL ESTATE

Real estate gifts can be a tax-wise way to support Virginia Tech since they can be donated without paying any capital gains taxes. Moreover, if a donor has held the property for more than one year, he or she can claim a tax deduction based on its fair market value — even though it was purchased for only a fraction of that amount. (Property held less than one year also can be donated, qualifying for a deduction typically based on what the donor paid for it.)

There are a variety ways in which real estate can be donated. It can be used to make an outright gift, allowing an endowment, capital project, or other needs to be funded right away. It can be used to fund a life income gift, paying the donor, and perhaps others, an income stream for life with the remainder then being used to support Virginia Tech. Donors also can contribute a remainder interest in a residence or a farm; this enables them to make a gift to Virginia Tech today while still living in their house or on their farm for the rest of their lives.

While the requirements to make a real estate gift vary, depending on the type of gift being considered, they typically require at least three steps — an appraisal of the property’s value, an assessment of any environmental risks posed by the property, and the preparation of a deed that actually transfers the property

LIFE INCOME/PLANNED GIFT

A planned gift may enable you to satisfy personal financial planning needs in addition to providing the College with important, long-term support. Some plans may provide income for life (or a term of years), an immediate income tax charitable deduction, avoidance of capital gains tax, and professional asset management (if the University serves as trustee). If a gift is made through your will, you obtain significant estate tax benefits. For more information on planned gifts: http://www.campaign.vt.edu/campaign-vt/?q=outright-gifts

BEQUESTS

In writing your will or living trust, you can specify that you would like your estate to benefit the Department of Wood Science, College of Natural Resources at Virginia Tech. For more information on planned gifts:http://www.campaign.vt.edu/campaign-vt/?q=bequests

The Office of Corporate and Foundation Relations builds, strengthens and enhances mutually beneficial partnerships between Virginia Tech and corporations and foundations worldwide. For information on some of our most successful partnerships and other information about corporate giving please go to http://cnre.vt.edu/cnr_webpages/giving_give.htmfor further information. www.givingto.vt.edu/cfr/

For more information on any of these giving options please contact the Director of Development, College of Natural Resources at Virginia Tech (540) 231-7048 or online athttp://www.campaign.vt.edu/campaign-vt/

CNRE OFFICE OF DEVELOPMENT

The College of Natural Resources and Environment Development Office serves its mission by securing resources to support the College’s students and faculty, and to enhance its programs for teaching, research and outreach. Our purpose is to foster relationships between the College, its friends, alumni and corporate partners, matching donors’ philanthropic interests with the College’s needs in our mutual desire to reach new levels of excellence in education, research and public service.

We appreciate every donation made to our College, and we strive to apply each gift for the maximum benefit to further CNR’s mission.

CNRE Development Office
540) 231-7048
324 Cheatham Hall
Blacksburg, VA 24061

ENDOWMENTS

Endowed funds provide a permanent source of income to meet the needs of Department faculty and students. Endowed funds may be unrestricted or restricted for a specific purpose, such as chairs, distinguished professorships or fellowships. They may be established through an outright gift of cash, securities, a planned gift, or a bequest.

MEMORIAL/HONORARY FUNDS

A memorial fund can help perpetuate the values and ideals that guided someone’s life. Typically memorial funds are established for a specific purpose. Honorary funds can commemorate a significant event or honor someone who is still living.