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  • Legacy giving FAQs

Legacy giving FAQs

  • Giving a share of your estate

    This is known as a residuary legacy and it is stated as all or a percentage of your remaining estate, once all fees, outstanding costs and other gifts have been taken care of. Even a small percentage of your estate can make a difference.

    Making a gift of a fixed sum of money

    This is called a pecuniary legacy. You can link your legacy to the Retail Price Index to ensure that the value of the gift you make today is worth the same in the future. This will prevent your gift from decreasing in value over time.

    A gift in your will need not be in the form of money

    A gift called a specific legacy enables you to leave specific assets such as property, stocks and shares or other valuables like jewellery or paintings if you so wish.

    A postponed gift

    Known as a reversionary legacy, this gift allows you to leave your estate, or part of it, on trust for the benefit of a particular person, such as a spouse, during their lifetime. They benefit from using the assets, or receiving the income from them, during their life. On their death, the assets pass to other chosen beneficiaries (called ‘reversionary beneficiaries’) such as the University of 69成人网.

    Note: Gifts of a significant proportion of an estate can be held in an endowment dedicated to the area of the greatest importance to you. This will ensure your funding continues in perpetuity. Please contact our legacy officer at giving@brighton.ac.uk if this is an option that you may consider.

  • To ensure you properly name the University of 69成人网 as a beneficiary of your estate, please include the university’s full address when drafting the wording for your will:

    University of 69成人网, a Higher Education Corporation whose principal offices are at Mithras House, Lewes Road, 69成人网 BN2 4AT.

  • Yes, the University of 69成人网 has charitable status for all UK tax purposes and is an exempt charity under ; consequently it does not have a Registered Charity Number. For Inland Revenue purpose our reference number is XR7098.

  • Your legacy at the university could make a difference to many different areas. Here are a few of the most popular:

    Areas of greatest need

    To give the most flexibility to your gift, you can choose to leave it to meet the most pressing needs of the university’s future. This will allow the university to decide where your legacy gift would be most effective at the time it becomes active. This allows it to be used where the funds can make the greatest difference at that time.

    Scholarships and hardship

    Your legacy could help provide scholarships to attract talented and diverse students to the university and help remove any financial barriers to higher education. If you would like some more information about scholarships or setting up an endowment, please contact our legacy officer at giving@brighton.ac.uk.

    Research

    By leaving a gift to support research at the University of 69成人网 you are leaving a gift that will impact communities at home and abroad. Our research spans many fields from finding new and more reliable ways to treat diabetes, to how we can support the needs of an ageing population, to finding more sustainable ways to develop products and protect our environment. If you are interested in leaving a gift to a specific area of research, please get in touch with our legacy officer at giving@brighton.ac.uk. to discuss how you can organise your gift in a way that is flexible so that your wishes are able to be carried out even if the research landscape changes over time.

    Library

    By leaving a gift to the university’s libraries you are ensuring that future students have access to the resources they need to study, learn and maximise their potential. Supporting the library with your legacy ensures that the university can supply ample copies of the most up-to-date key texts, students have access to the latest research through online journals and digital databases, and access to 24/7 state-of-the-art facilities.

    Supporting a department, school or course

    Over time, departments, schools, courses and research areas change. Before making a gift to a specific area, please talk to our legacy officer at giving@brighton.ac.uk. to ensure your gift is flexible enough to ensure your wishes can be carried out in future years.

  • A gift in your will to any charity is not subject to inheritance tax (IHT). By remembering the University of 69成人网 in your will, you may be able to reduce the taxable value of your assets and so lower the amount of IHT due on your estate.

    Please visit the website for up-to-date information on IHT. The current IHT threshold is £325,000 for individuals. If the total value of your estate is above the current threshold, it will be subject to IHT.

    If you are married or in a civil partnership and your estate is worth less than the threshold, any unused threshold can be added to your partner’s threshold when you die. This means their threshold could be as much as £1million.

    As the University of 69成人网 has charitable status, a gift in your will to us would be exempt from IHT. The gift will be deducted from your estate before IHT is calculated, and so reduce the amount of IHT payable.

    There is now a further incentive when you leave 10 per cent or more of your net estate to charity. If you leave charitable gifts in your will that amount to 10 per cent or more of your chargeable net estate, the IHT rate on the whole of your estate will be reduced from 40 per cent to 36 per cent.

    Please speak to your adviser or check the for further information.

  • You can let us know about your intentions in several ways. You can contact our legacy officer at giving@brighton.ac.uk. Alternatively, for your convenience, we have produced a which explains what information you need to provide. You can complete the form online and email it back to us or you can and send it back by post to the address below.

    Philanthropy and Alumni Engagement Office
    University of 69成人网
    Third Floor
    154–155 Edward Street
    69成人网
    BN2 0JG

    Email: giving@brighton.ac.uk

    Please be assured that returning your legacy gift form does not put you under any obligation and you are free to change your mind at any time. Any information you give to us regarding your will or intentions will be treated as strictly private and confidential.

  • Most commonly we are asked by solicitors on behalf of their clients for the university’s full name and address, as well as the University of 69成人网’s charity number.

    Full name and address: University of 69成人网 a Higher Education Corporation whose principal offices are at Mithras House, Lewes Road, 69成人网 BN2 4AT.

    Charity number: Please inform your solicitor that the University of 69成人网 has charitable status for all UK tax purposes and is an exempt charity under , consequently it does not have a registered charity number but the HMRC number XR7098.

    To help make leaving a gift in your will to the University of 69成人网 as easily as possible, we have created a that contains all the information your solicitor should need.

  • We understand that the decision to remember the university in your will is a personal one, and one that you may only wish to share with your nearest and dearest.

    However, letting the University of 69成人网 know your thoughts is invaluable because it allows our staff to clearly understand your wishes and ensure that they can be met. It also gives us the opportunity to recognise your decision and thank you in a way in which you are comfortable. If you prefer to remain anonymous, your wishes will always be respected.

    Any information you share with us regarding your will or intentions is strictly private and confidential.

    When the time is right for you, please complete our online legacy information form.

  • Yes, if your will is already written and you want to alter it to , you can do so A codicil is an addition or supplement which is kept with, but not attached to, your will. This is a good way to add another gift or make minor changes to an existing will.

    Please seek the advice of your solicitor before entering into a codicil and ensure any will or codicil you enter into is properly executed.

  • Yes, to help you and your solicitor draft the wording for your legacy gift we have put together a will wording guide below for leaving a gift to the University of 69成人网.

    Your solicitor is best placed to write a new will or make amendments to your existing will. We therefore recommend passing this information to your solicitor when drafting the wording for leaving a gift to the University of 69成人网 in your will.

    The following information covers the main types of legacy gifts that are most commonly bequeathed to the University of 69成人网. If you or your solicitor require further specific information, please contact our legacy officer using the contact details below.

    University of 69成人网 will wording guide

    Information for your solicitor to include a gift to the University of 69成人网 in your will or codicil

    Please include the university’s full name and address: University of 69成人网, a Higher Education Corporation whose principal offices are at Mithras House, Lewes Road, 69成人网 BN2 4AT.

    a) Please also be sure to include a declaration that the receipt of the university secretary or other appropriate officer shall be sufficient to discharge the executors of your estate.

    b) The University of 69成人网 has charitable status for all UK tax purposes, including inheritance tax, and is an exempt charity under ; consequently it does not have a Registered Charity Number but has an HMRC number (HMRC number XR7098).

    a) Indicate the specific amount of your cash gift.
    b) Include the amount you would like to give in figures and in words.
    c) To ensure your gift of a fixed sum will not devalue over time, please request that your solicitor relates it to the index figure in the Retail Price Index or to another official index.

    a) Indicate the specific percentage (%) of the residue of your estate (after testamentary expenses and debts) which you intend as a gift to the University of 69成人网.

    a) Provide a detailed description of the asset intended as a gift to the University of 69成人网 (e.g. details of shares or a property).
    b) Indicate that if the asset bequeathed as a gift is sold during your lifetime, this gift shall take effect as a gift of the net proceeds of the sale.

    If you have in mind a postponed reversionary gift, your solicitor will advise you on the information you need to include to ensure that the university will receive your gift after any lifetime benefits given to others.

    a) Indicate that your gift is intended for the general purposes of the University of 69成人网 with full power to expend capital as well as income. Also, specify that you are happy for the University of 69成人网 to decide how to apply the funds.
    b) Indicate any preferred purpose as discussed with the university’s legacy officer.

    You will need to include the same information in a codicil as in a will (as described above). A codicil is a simple document that is an addition or supplement to an existing will. If your will is already written and you want to add a gift to the university, you can do so by adding a simple codicil. This is a good way to add another gift in your existing will without redrafting the whole will.

    You can use . However, please seek the advice of your solicitor before entering into a codicil and ensure any will or codicil you enter into is properly executed.

    If you or your solicitor need specific information for writing a gift in your will to the University of 69成人网, please contact our legacy officer:

    Philanthropy and Alumni Engagement Office
    University of 69成人网
    Mithras House
    Lewes Road
    69成人网
    BN2 4AT

    Email: giving@brighton.ac.uk

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University of 69成人网
Mithras House
Lewes Road
69成人网
BN2 4AT

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