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How to leave a legacy

Learn how to leave a gift in your will
Leaving a gift in your will is your opportunity to support a cause you believe in and create a legacy for yourself, your family or someone you hold dear. Read on for more information and suggested bequest wording.

A will is a very personal statement and as each individual’s circumstances vary, we strongly recommend that you consult your legal adviser before drafting a new will or updating an existing one. Your lawyer can make all the necessary enquiries to make sure that your estate is left to the persons or entities you want to benefit.

The following bequest wording is suggested to indicate your intention to make a general bequest to the University. Should you require assistance with more specific endowment language, or to let us know you've included the University in your will, please contact the Planned Giving team.

Suggested wording for your will

A bequest can either be made for a general or a specific purpose. Should you wish to give to a general purpose, we recommend the following wording:

“I give [% of my residuary estate / insert dollar amount*] to The University of Sydney ABN 15 211 513 464 (“University”), for the general purposes of the University.”

Should you wish to give to a research area, we recommend the following wording:

“I give [% of my residuary estate / insert dollar amount*] to The University of Sydney ABN 15 211 513 464 (“University”) for research in the field of [insert general description of area of research, eg, cancer, electrical engineering].”

Should you wish to establish a scholarship, we recommend the following wording:

“I give [% of my residuary estate / insert dollar amount*] to The University of Sydney ABN 15 211 513 464 (“University”) to establish one or more scholarships and/or bursaries for [insert general description of area to be supported if required, eg, medicine, Australian history, music]. [Each scholarship/bursary is to be called [insert name of scholarship/bursary] in the area for which it is awarded.]”

Should you wish to give to a faculty or academic college, we recommend the following wording:

“I give [% of my residuary estate / insert dollar amount*] to The University of Sydney ABN 15 211 513 464 (“University”) for the general purposes of the [specify faculty or academic college] or its successor."

If the bequest to the University specified in a will is a fixed dollar amount, please also consider inserting an inflation clause. Suggested wording is:

“The bequest amount of $...... is to be adjusted for inflation by applying the following formula: A= $...... x B/C where:

  • A represents the adjusted amount payable to the University;
  • B represents the Consumer Price Index All Groups, Weighted Average of Eight Capital Cities (“CPI”) figure published quarterly by the Australian Bureau of Statistics as last published before the date of my death; and
  • C represents the CPI figure last published before the date of this my will.

If at the time of my death the CPI is no longer calculated and published on a quarterly basis, then I direct my executor(s) to adjust the amount of $...... for inflation using such other statistical measure as is chosen by my executor(s) in their absolute discretion.”

 

Alexandra Miller

Associate Director, Planned Giving
Get in touch
Please feel free to reach out to me via phone or email to assist you with any bequest related enquiries.

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