Skip navigation

 

Make a Gift in your Will

 

 

 

 

Leave a lasting legacy

Legacy gifts play a fundamental role in helping us to achieve our goals and develop our global reputation for academic excellence. Including a charitable gift in your Will is a simple process that can provide far-reaching support for future generations.  

Many of our alumni have been inspired to make a gift in this way. Among them is Durham’s first travel agent and former Mayor, Norman Richardson. He and wife Mildred made a gift in their Will to establish and maintain a full-time professorship in travel and tourism at Northumbria. This has had a significant impact on the University as a whole and on recipient Professor Tom Mordue: 

“The Norman Richardson Professorship enabled me to significantly develop research performance, increase research activity in the academic community and expand teaching programmes in Tourism”  

 

Guidance you can trust 

We understand that the decision to leave a legacy gift is highly personal. The Advancement team will work closely with you to identify an area of support that reflects your own concerns, passions and interests.  

We will also talk in detail with you, or your solicitor, about the type of legacy that would be best suited to your wishes and circumstances. Typically, there are four options you may wish to consider: 

A residuary 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 being more likely to keep 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 a 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.  

 

Altering an existing Will 

Simple alterations can be made to your Will through a supplement known as a codicil. A codicil confirms your original Will, but also adds to it. This is particularly appropriate if you wish to add a gift to a charity.  

As an educational institution, Northumbria University is an exempt charity and legacy gifts are exempt from UK inheritance tax. This means leaving a gift to the University in your Will might significantly reduce the tax liability on your Estate.* 

**Always consult a solicitor or legal advisor before making changes to your will.

 

A lasting difference 

Pledging a legacy gift can be an excellent way to compliment and extend the support you have given to Northumbria in your lifetime. Alumnus Paul Winters has championed the progress of students through his named scholarship since 2015 and recently made provision in his Will to support widening access and participation. 

“I made a gift in my Will to help ensure that talented students irrespective of background can attend Northumbria in the future” Paul Winters, BSc (Hons) Sociology, 1974

 

Latest News and Features

Back to top