Skip to content

Make a

lasting investment

in our future

  • Support a cause that's important to you with a planned gift
  • Put your assets to work with our tax-efficient charitable strategies
  • Take advantage of the many tax benefits of making a gift
Text Resize
Print This
Email This
Request Illustration
Download Brochure

Planned Giving Yields VCU's Largest-Ever Cash Gift

Planned Giving Yields VCU's Largest-Ever Cash Gift

In the early 1950s, Arthur Graham and Margaret Branch Glasgow named the Medical College of Virginia in their estate plan. Their wishes were to advance efforts to cure and prevent cancer and other degenerative diseases. They died soon thereafter.

Sixty years later, after the death of their last heir, the couple made possible the largest cash gift in the history of Virginia Commonwealth University.

"For Richmond, and our entire community, it's amazing to think of the foresight that the Glasgows had more than 60 years ago," said VCU President Michael Rao, Ph.D., at a special ceremony held in August at the Virginia Museum of Fine Arts.

The museum and 13 other local groups also were beneficiaries.

"The impact of their generosity enhances the quality of lives, our culture, our health and our service to the community in so many different ways," Rao added. "Their gift will be used in the same forward-thinking, generous and compassionate spirit in which it was given to support the cure and prevention of cancer and other degenerative diseases."

Sixty years after their deaths, the couple's planned gifts totaled $125 million. Nearly $70 million ? another record cash gift ? went to VMFA to strengthen its vast collections, $45 million was dedicated to VCU's cancer research and prevention programs and the remaining $10 million was distributed to 13 nonprofit organizations in Richmond and elsewhere.

The impact of the VCU gift is far-reaching.

"The Glasgows' gift is the kind of gift that elevates a university like ours even further," Rao said. "As a major research university, a gift of this magnitude enables us to support the people, the facilities and the programs necessary to make a difference in peoples' lives and certainly in the health of our community."

published February 2012

Is a charitable bequest right for you?


We have resources that will help you learn more about bequests. Click here to review sample bequest language. You will see how easy it is to include a bequest in your will or trust.

You might find it helpful to print this page and the bequest language. Please feel free to give this information to your attorney. If he or she has any questions, please contact us.

*Please note: The names and image above are representative of a typical donor and may or may not be an actual donor to our organization. Since your benefits may be different, you may want to click here to view a color example of your benefits.


Print This
Email This
Request Illustration
Download Brochure
scriptsknown