Planned Giving Options

The Navigator Society


Captain Christopher Newport, the University's namesake, was the navigator of the three ships that brought colonists to Jamestown in 1607. In doing so, he helped to chart the future of the New World.

Members of the CNU Navigator Society are also charting a course. Through their generous planned gifts, they are steering the University into the future and securing our success for generations to come.

Join the Navigator Society
The CNU Education Foundation looks forward to welcoming you to membership in the Navigator Society, where you will join other alumni and friends who have made a commitment to the continued excellence of Christopher Newport University through planned gifts. 

How do I qualify for the Navigator Society?
Membership in the Navigator Society is extended on a confidential basis to Christopher Newport University alumni and friends who arrange a planned gift through the CNU Education Foundation (regardless of the size of the gift). There is no other requirement or obligation.

Can my gift plans remain anonymous?
Of course. The Foundation is dedicated to preserving the confidentiality of our donors' gift plans. Your name will be listed in honor rolls as a member of the Navigator Society only with your permission. 

What are the benefits of membership in the Navigator Society?
You receive recognition in a special honor roll of donors if you so choose, informational updates on legal and tax changes through our planned giving newsletter, and a certificate of appreciation.

What if I wish to change my plans?
The CNU Education Foundation understands and acknowledges that any revocable gift plan may change in the future. The Navigator Society provides recognition for your current intention to support Christopher Newport University. 

Do I need to share my estate planning documents with the CNU Education Foundation?
It's not necessary, but it can be helpful. Sharing your plans (or the portion of your plan that benefits CNU) can help to maximize the benefits from your eventual gift and will ensure that your gift supports the University's mission and is used according to your intentions.

Naming the William D. Wolf Scholarship Fund in my will is an opportunity for me to remember an extraordinary teacher and to thank the scholarship donor whose gift enabled me to graduate from CNU. Opportunity is a gift worth passing on.

Christine Plummer, '80
Navigator Society member

Bequests through Wills and Trusts


Bequests are the most popular way of making a deferred gift in support of a charity. Bequests are simple and straightforward; and virtually everyone, regardless of ability during their lifetime, can make a bequest.

Purposes

You may include a bequest to the CNU Education Foundation in your will or living trust to benefit a particular program, or you may designate your gift to the area of greatest need.

To ensure that your gift is used in the way you intend it, we recommend that you inform us of your intentions. The confidentiality of your plans will be protected. Although a bequest qualifies you for listing in our Navigator Society honor roll, anonymity is always an option for donors who do not wish to be listed.

Amounts
  • You may designate a specific dollar amount; e.g., "I bequeath $5,000 to the Christopher Newport University Education Foundation, to be used for the area of greatest need at the University at the time of my death."
  • You may designate a percentage of your estate; e.g., "I bequeath five percent of my estate to the Christopher Newport University Education Foundation, to be added to the general scholarship endowment."
  • You may designate your residuary estate (what is left over after all your expenses and other bequests are satisfied) to go to the Christopher Newport University Education Foundation: " After all my other obligations are satisfied, I bequeath the residue of my estate to the Christopher Newport University Education Foundation."
  • You may wish to establish an endowed scholarship in your name through a bequest. In that case, you should instruct your attorney to include language that will provide the minimum amount needed to endow a named scholarship at your death. " I bequeath to the Christopher Newport University Education Foundation the minimum amount required by CNU to establish a named scholarship."

Life Insurance


Life insurance may be used in a variety of ways to provide a future gift to the University or to replace contributed assets for the benefit of your children or other heirs. For more information on how to give in this way, please contact Lucy Latchum at (757) 594-7702 or llatchum@cnu.edu

Life Income


Charitable Gift Annuity

A charitable annuity is a contractual arrangement between you and the CNU Education Foundation that provides an annual income to you for your life expectancy in return for your irrevocable gift of cash or securities. Your rate of return is based on your life expectancy using tables provided by the National Committee on Gift Annuities. The minimum contribution for a charitable gift annuity at CNU is $10,000 and the minimum age is 60.

A charitable gift annuity is partly an investment and partly a gift, and your income tax deduction is calculated accordingly. Gift annuities also provide favorable capital gains tax advantages if your annuity is funded with appreciated stock.

Charitable Remainder Trusts
Charitable remainder trusts (CRTs) pay income to you for your lifetime or for a specified number of years, after which the assets you placed in the trust go to CNU. CRTs offer income, estate and capital gains tax advantages.

Two alternatives are available for CRTs: a unitrust and an annuity trust. A unitrust pays you a fixed percentage of trust assets (not less than 5 percent) determined annually. An annuity trust pays a fixed annuity and requires that a sum certain (not less than 5 percent) of the initial fair market value of trust assets is paid at least annually to your named income beneficiary or beneficiaries. When the trust is terminated, either at your death or after a specified number of years, the principal in the trust goes to CNU.

Gift of Remainder Interest in Residence
You may give the remainder interest in your personal residence(s) or farm(s) to the CNU Education Foundation. You continue to live in your house and maintain it throughout your lifetime.

This is an irrevocable gift. Your income tax deduction, which may be taken during the tax year you make the gift and over five additional years, is based on your life expectancy and the appraised value of your property. Your income tax deduction for such gifts of appreciated property is limited to 30 percent of your adjusted gross income each year you claim a deduction.

Charitable Lead Trust
You may establish a charitable lead trust to provide a stream of income to the CNU Education Foundation for your lifetime or for a term of years. When the trust terminates, the assets in the trust will revert to you or your heirs.

Retirement Plan Gift
Assets held in a qualified retirement plan can be one of the most effective ways to support CNU.

When you ask people to give you their very best,
they will astound you with their success

President Paul Trible

University Advancement  |  1 Avenue of the Arts, Newport News, VA 23606-2998  |  (757) 594-7179