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Leaving a Gift in Your Will

There are many ways of providing support, but have you ever considered including a gift to Northumbria University in your Will?

There are many ways of providing support, but have you ever considered including a gift to the University in your Will?

Including a charitable bequest is a simple process and legacy gifts to support Northumbria are truly valued. The impact of a bequest can be far reaching for future generations of young people who entrust us with their education and the University itself. All donations received - at any level - will help us build our strengths, achieve our goals and make a genuine difference to the future of our students.

Why give a gift to Northumbria?

For some it’s a way of saying thank you and for others it’s an opportunity to invest in areas of interest or research that are precious to them or to support current students who might otherwise struggle financially.

Tax advantages

As an education institution, Northumbria University is an exempt charity. Gifts are exempt from UK inheritance tax. This means a gift to the University in your Will might significantly reduce the tax liability on your estate.

What will your gift support?

Gifts may be used to support the University in many ways. Unrestricted gifts allow us to respond flexibly to the area of greatest need. However, we also understand that many of our supporters may wish their gift to be directed to areas of the University which specifically reflect their own special concerns, passions and interests. Please contact us to discuss your gift intentions so we can ensure that we can meet your wishes. Whatever your intention, you can be assured that your contribution will make a significant impact.

Types of gifts

There are four popular types of legacy gifts with which you can support the University.

  • A residual legacy - This is the gift of all or part of the value of your estate, after debts, other legacies and liabilities have been met. This has the advantage of automatically keeping up with inflation.
  • A monetary legacy - This is a gift of a fixed sum of money, also known as a pecuniary gift, which you can arrange to be increased in line with inflation.
  • A specific legacy - This is the gift of something valuable like property, a piece of jewellery or stocks and shares. The form of wording used is the same as a monetary legacy, except that the gift is specified instead of a cash sum.
  • A reversionary legacy - This gift has the advantage of providing for your family first and then benefiting the University. Therefore when the original beneficiary dies, the gift in your Will reverts to Northumbria University.

Whichever type of legacy gift you choose, you should consult your solicitor or legal advisor before drafting a new Will or adding to an existing Will.

If you wish to find out more or to discuss your gift intentions confidentially with one of our team please email us or call +44 (0) 191 243 7073.

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