Gifts can be made to the Hokie Club at any point during the year. However, for consideration for 2018-19 Hokie Scholarship Fund benefits (including tickets and parking), ALL gifts MUST be received by March 31, 2018.
Click “Give Now” in the upper right hand corner. Follow the steps for a convenient and secure donation process. Online contributions can be made via Visa, MasterCard, and American Express credit cards. NEW to the Hokie Club this year is the ability to manage your giving online through our DonorNet software. ALL Hokie Club members will need to create a VicTory Account through DonorNet in order to utilize the new system and manage your giving/follow your priority point standing.
Once you are on the DonorNet site, you will have two options in setting up your VicTory Account:
A detailed, step-by-step instruction manual of setting up your VicTory Account is also available here.
Mail a check, payable to “VTAF” to the Hokie Club Office at P.O. Box 10307, Blacksburg, VA 24062.
Mail in a Pledge Form
Print off and mail in a VTAF Pledge Form along with your payment information. Gifts can be made via credit card or check.
The HokieMatic electronic transfer option allows the member to have his or her annual donation drafted with even payments on a monthly basis from a specified banking account; either checking or savings accounts are acceptable. Drafts will occur automatically on either the 15th or 30th of each month as specified by the member. The Hokie Club will automatically renew the member’s Hokie Matic membership each year until directed otherwise by the member and therefore the member will never become inactive. For detailed instructions, click here.
You may be able to increase your level of giving by matching your gift with matching funds from your employer. If your employer will match gifts to the Virginia Tech Athletic Fund, please enclose your employer’s form with your contribution.
Donated items or services that would normally be purchased by the Virginia Tech Athletic Department are considered gifts-in-kind and are always appreciated. Subject to approval and IRS regulations, the value of the contribution would be credited to your cumulative giving amount.
Gifts of Securities
Stocks, bonds, mutual funds, etc. are accepted and appreciated by the Virginia Tech Athletic Fund. These gifts typically involves publicly traded shares, such as those traded on the major exchanges and over the counter, as well as most mutual funds. Gifts of privately held stock, though more complex, are also possible.
Supporting Virginia Tech with a gift of securities can provide significant tax benefits for the donor – bypassing capital gains taxes and providing a valuable income tax deduction – both of which effectively reduce the cost of making a gift.
Gifts in the form of life income gifts (Charitable Remainder Trust, Charitable Gift Annuity), charitable lead trusts, and/or bequests are common ways to state your intentions of leaving a future gift to Virginia Tech Athletics while receiving substantial income, estate, and gift tax benefits now.
All contributions to the Virginia Tech Athletic Fund are considered gifts to Virginia Tech and are credited at full value for the purposes of the donor’s gift record at the Virginia Tech Foundation. Any contribution that entitles the donor to benefits is 80% deductible for income tax purposes, according to IRS Code Section 170(I). In addition, the IRS has ruled the 80% portion of your contribution is only tax deductible to the extent it exceeds the value of any addition benefits received. The Virginia Tech Foundation will issue individuals who make a contribution to the Virginia Tech Athletic Fund a tax receipt.
Waiver of Benefits
For a gift to be 100% tax deductible, the donor must decline their right to receive any benefits at the time you make your contribution. Please consult your tax advisor for more information.
Donor Advised Funds, Private Foundations & IRAs
Contributions from these avenues can be accepted and are welcome. Please note that that Virginia Tech Athletic Fund cannot offer any benefits including priority points and annual scholarship fund benefits for gifts coming from a donor advised fund, private foundation, or IRA per IRS regulations. Contributions from those sources may only be applied to a gift that is 100% tax deductible. Please consult your tax advisor for more information.