Residents of the United Kingdom may prefer to leave a bequest to the University via the Friends of the University of Sydney UK Trust. Naming the Friends of the University of Sydney in your will may assist in reducing the duties and taxes payable on your gift, helping to maximise the benefit to research and education at the University.
Suggested bequest wording
A will is very personal, and we strongly advise that you consult with your legal advisor before drafting a new will or updating an existing one.
The following general bequest wording is recommended for UK residents and allows the University to apply your gift well into the future.
“I give free of all inheritance tax or other fiscal imposition to the Friends of the University of Sydney (charity registration number 1103965), UK Trust, care of the Administrator and Secretary to the Trustees, Friends of the University of Sydney UK Trust, Britain Australia Society, 59 Buckingham Gate London SW1E 6AJ [insert number] % of my residuary estate / [insert dollar amount] absolutely for its general purposes. I express the wish, without being a condition or direction, that the Friends of the University of Sydney make the fund available for the general purposes of the University of Sydney.”
Where a specific dollar amount is specified, your solicitor may include an index link in your will.
A clause allowing the treasurer or proper officer of the Friends of the University of Sydney UK Trust to accept the gift should also be included in your will.
Should you require more specific assistance with endowment language, please contact the on +61 2 8627 8492.