Gifts in Wills
Your University - Founded on a Legacy
An education lasts a lifetime. Your help will last generations.
Without the generosity of those who left gifts in their Wills, the University of Leicester would not exist today. A gift to the University will enable us to continue to help shape great minds.
Today, over 100,000 people across the world proudly hold a University of Leicester qualification. They include lawyers, business leaders, diplomats, broadcasters, novelists, teachers, social workers and leading doctors and scientists amongst many others. You are one of them.
What would a gift in your Will do?
Gifts in Wills, no matter the size, are essential to the University and its future. They enable us to remain leaders in world-changing research and to deliver high quality teaching and a student experience to match. Your gift to the University will help us do that.
How to make a gift in your Will
Making a Will is not difficult or expensive, but it is advisable to consult a solicitor to make sure that your wishes are legally valid. After providing for family and those closest to you, if you choose to remember the University you can record your intentions when you first make a Will, or add a postscript (known as a codicil) to an existing one – there is no limit to the number that you can add.
If you have already included a gift to the University in your Will, we would appreciate if you would let us know. It helps us with our future financial planning and gives us the opportunity to thank you and keep you informed about new developments.
Is there a place for your University in your Will?
Gifts can be made in several ways; in the form of money, property or other valuables, such as stocks and shares or works of art. The main types include:
Residuary Gift - a gift of the residue of your estate, or a share of it, after all other costs have been deducted – this means you do not have to state the exact amount of your gift or make allowances for inflation.
Pecuniary Gift - a cash gift of a specific amount to the University.
Conditional Gift - a gift that will be left to the University, if none of your named dependants survives you.
Special Gift - a gift of a specific property or assets, such as a house, valuables or stocks and shares.
How you can shape the future
You can shape the future in a number of ways:
- You can establish a scholarship or bursary to support more of the most talented students, or help those who might not otherwise come to university because of financial pressures.
- You can support more world-changing research that pushes the boundaries of knowledge further to find new solutions to the challenges of disease, crime, poverty and the environment.
- You can invest in the development of the University estate to provide modern, accessible and environmentally friendly space for the growing student population.
- You can provide development opportunities for a diverse student population and help young people to reach their full potential, be better able to secure employment and make a positive contribution to society.
Making the most of your donation
Making a gift in your Will may allow you considerable tax advantages. The University of Leicester has charitable status* for all UK tax purposes (HM Revenue & Customs reference X23305/3) so gifts may be made tax effectively. All gifts in Wills to UK registered charities, including shares or securities, are free of Inheritance or Capital Gains taxes, under present legislation.
The University also welcomed the Chancellor’s recent announcement that, from April 2012 the Inheritance Tax rate will be reduced from 40% to 36% for those who donate at least 10% of their estate in their Wills.
Further information is available from the HM Revenue & Customs or alternatively through their website on www.hmrc.gov.uk.
If you would like more information about how to support a particular area, make a “named” gift or more information about leaving Gifts in Wills please contact:
Deputy Director of Development
T: +44 (0)116 252 2176
To download the full Gifts in Wills brochure please click here.
*The University is an exempt charity within the meaning of Schedule 2 of the Charities Act 1993 and as such is a charity within the meaning of Paragraph 1 of Schedule 6 to the Finance Act 2010.