Skip to Content

Legacy Society Renamed to Honor Dr. Quillian, Former College President

Quillian Society

Dr. William F. Quillian, Jr. was president of Randolph-Macon Woman's College for 26 years.

Randolph College has renamed one of its giving societies in memory of William F. Quillian, Jr., the College's fifth and longest-serving president.

The Legacy Society, which recognizes individuals who have included the College in their estate plans, has been renamed the Quillian Society. Randolph College President Bradley W. Bateman announced the change during a donor recognition event at the 2014 Reunion for alumnae and alumni. Dr. Quillian's wife, Margaret Quillian, and his daughter, Anne Quillian, were present at the announcement. Anne presented Bateman with the yellow doctoral tam that members of the Class of 1959 gave to her father upon their graduation.

Quillian, who died on March 4, led the College for 26 years and oversaw significant changes such as campus expansion and racial integration of the student body. "Upon his retirement, Dr. Quillian took on an even more active role in the Lynchburg community," Bateman said. Quillian was co-founder and executive director of the Greater Lynchburg Community Trust, which administers and invests gifts and bequests to benefit people living in the Lynchburg area. He also was the force behind the founding of the Lynchburg chapter of Leave A Legacy, a nonprofit that encourages people to include charitable causes in their wills.

Understanding the importance of estate gifts through his work in the community, Dr. and Mrs. Quillian embraced the idea of leaving a lasting legacy by establishing a charitable remainder unitrust with Randolph College, thus joining the membership of the Legacy Society themselves in 2000. A longtime supporter of the Randolph College Annual Fund, Dr. Quillian also named Randolph College as a beneficiary of his estate with a gift to the Annual Fund.

eBrochure Request Form

Please provide the following information to view the brochure.

A charitable bequest is one or two sentences in your will or living trust that leave to Randolph College a specific item, an amount of money, a gift contingent upon certain events or a percentage of your estate.

an individual or organization designated to receive benefits or funds under a will or other contract, such as an insurance policy, trust or retirement plan

Bequest Language

"I give, devise, and bequeath to the Trustees of Randolph College (founded as Randolph-Macon Woman's College in 1891), a corporation located in Lynchburg, Virginia (the College), the sum of $_____ dollars [or property, securities, etc.], to be used for [describe the purpose in as broad and simple terms as possible], or in the event that such use shall in the judgment of the Board of Trustees of the College become impracticable, said trustees may use the bequest for other purposes as nearly akin to the original purpose as they judge will help advance the aims of the College."

able to be changed or cancelled

A revocable living trust is set up during your lifetime and can be revoked at any time before death. They allow assets held in the trust to pass directly to beneficiaries without probate court proceedings and can also reduce federal estate taxes.

cannot be changed or cancelled

tax on gifts generally paid by the person making the gift rather than the recipient

the original value of an asset, such as stock, before its appreciation or depreciation

the growth in value of an asset like stock or real estate since the original purchase

the price a willing buyer and willing seller can agree on

The person receiving the gift annuity payments.

the part of an estate left after debts, taxes and specific bequests have been paid

a written and properly witnessed legal change to a will

the person named in a will to manage the estate, collect the property, pay any debt, and distribute property according to the will

A donor advised fund is an account that you set up but which is managed by a nonprofit organization. You contribute to the account, which grows tax-free. You can recommend how much (and how often) you want to distribute money from that fund to the College or other charities. You cannot direct the gifts.

An endowed gift can create a new endowment or add to an existing endowment. The principal of the endowment is invested and a portion of the principal’s earnings are used each year to support our mission.

Tax on the growth in value of an asset—such as real estate or stock—since its original purchase.

Securities, real estate or any other property having a fair market value greater than its original purchase price.

Real estate can be a personal residence, vacation home, timeshare property, farm, commercial property or undeveloped land.

A charitable remainder trust provides you or other named individuals income each year for life or a period not exceeding 20 years from assets you give to the trust you create.

You give assets to a trust that pays our organization set payments for a number of years, which you choose. The longer the length of time, the better the potential tax savings to you. When the term is up, the remaining trust assets go to you, your family or other beneficiaries you select. This is an excellent way to transfer property to family members at a minimal cost.

You fund this type of trust with cash or appreciated assets—and may qualify for a federal income tax charitable deduction when you itemize. You can also make additional gifts; each one also qualifies for a tax deduction. The trust pays you, each year, a variable amount based on a fixed percentage of the fair market value of the trust assets. When the trust terminates, the remaining principal goes to the College as a lump sum.

You fund this trust with cash or appreciated assets—and may qualify for a federal income tax charitable deduction when you itemize. Each year the trust pays you or another named individual the same dollar amount you choose at the start. When the trust terminates, the remaining principal goes to the College as a lump sum.

A beneficiary designation clearly identifies how specific assets will be distributed after your death.

A charitable gift annuity involves a simple contract between you and the College where you agree to make a gift to the College and we, in return, agree to pay you (and someone else, if you choose) a fixed amount each year for the rest of your life.

Personal Estate Planning Kit Request Form

Please provide the following information to view the materials for planning your estate.