Leave a Legacy to the University of Suffolk
GIVING IS NOT JUST ABOUT MAKING A DONATION IT’S ABOUT MAKING A DIFFERENCE Kathy Calvin
HISTORY IN THE MAKING The University of Suffolk is a transformational University. In a world where nothing ever stays the same, we all need to change, evolve, succeed and change again. We are a distinctive, thriving academic community which makes a clear and immediate impact and we are strongly embedded in our local region — a university of, and for, the people. Our national and international impact through research and innovation brings recognition to the region and supports regional growth and development. By leaving a legacy gift you are helping to meet our ambitions to create change, to innovate, to revolutionise and ultimately, make history.
Our vision By 2030 we will be recognised as an empowering force for individual and community growth and development. We will be recognised for the major contribution we make to the health and wellbeing of the people in our region and acknowledged for lasting social and sustainable economic transformation.
BE INSPIRED Writing a Will can be an inspiring opportunity to make a lasting difference. Remembering the University of Suffolk in your Will is a powerful and significant gift, one we would be honoured to receive. Legacy gifts will help to shape our future, make bigger impacts on our students and staff, help us develop new academic areas and open more doors for the future generations. Overall, a gift to the University of Suffolk is an investment in the future and with your help, the future will be brighter for everyone. If you are considering leaving a gift to the University of Suffolk in your Will or would like to discuss leaving a gift in your lifetime, please contact us via email to discuss further, at giving@uos.ac.uk or visit uos.ac.uk/giving
The Wolsey Circle The Wolsey Circle is our unique giving circle to recognise individuals, in their lifetime, for the pledges they have made
to the University in their Will. The Wolsey Circle is named in honour of Cardinal Thomas Wolsey who started the story of higher education in Suffolk over 500 years ago. Members of the Wolsey Circle form an extremely important and valuable group, who are highly regarded by the University and engaged regularly for their views, ideas, support and advice. Please make a member of our team aware of your Pledge to become a member of The Wolsey Circle and be included in our communications database. Please email giving@uos.ac.uk
“Leaving a legacy to the University of Suffolk is an unrivalled opportunity to make an ongoing contribution to the health, welfare and education of the nation. It is a great privilege to be part of the Wolsey Circle and to be kept informed of all the great things the University is currently achieving. Writing a Will is an essential part of life and I hope others will be inspired to include a contribution to the University of Suffolk. Make a difference - leave a lasting legacy!” Neil Watts Member of the Wolsey Circle
YOUR LEGACY You can choose to leave a legacy in a number of ways. The most common ways are below. However, if you have something else in mind, please get in touch so we can discuss this with you.
Types of bequest
Residuary — All or part of the remainder of your estate after other legacies and charges have been met. A residuary bequest has the advantage that its value is least likely to be affected by inflation. Pecuniary — A specific sum of money. This type of gift can be index-linked to prevent its value being eroded by inflation. If you already have a Will in place, a pecuniary legacy can be added by means of a codicil. Reversionary — Your assets will be left to a named beneficiary for their lifetime (your spouse, or other dependant for example). On their death, the whole of a specified proportion will then revert to the University. Specific — Allows you to leave a gift in kind, such as valuables, land, property, works of art or collections to the University, either on terms that they be retained or that they may be sold, and the proceeds devoted to other University purposes.
Tax Efficient Remembering the University of Suffolk can be tax-efficient, because the University is an ‘exempt charity’. Leaving a legacy to the University in your Will may significantly reduce the amount of tax payable on your estate. Currently in the UK the rate of Inheritance Tax is normally 40% but this is reduced to 36% if more than 10% of the ‘net value’ of your estate is left to charity.
MAKE IT PERSONAL Unrestricted or restricted Leaving an unrestricted legacy to the University allows us to direct funds wherever there is the greatest need. However, we recognise the great significance of you remembering the University of Suffolk in your Will and that you may prefer to remember a specific project or department. Should you wish to do this, we ask that you inform us in advance of formalising your Will to ensure that the project, department or course is sustainable, and that your gift can be used in the best way possible. This way we can help tailor your legacy to ensure it meets your desired outcome.
Foundation Board The University of Suffolk Foundation Board is committed to working with donors and potential donors to understand their motivation and vision for the donations they make or intend to make. Through this work our institution can make transformational financial contributions to our students, staff and facilities. The Board is a vehicle to co-ordinate the raising of philanthropic funds for the University, helping to open doors and engage new donors to give generously to us.
“As Chair of the Foundation Board I have seen the many ways in which philanthropic donations can benefit our University. This is a young, thriving and ambitious University and you can help us to shape its future. By including a pledge in your Will, you can be sure that you will be funding important work that will benefit future generations, not just students and staff of the University, but the whole of Suffolk and beyond.” Richard Lister Chair of the Foundation Board
FIND OUT MORE Frequently asked questions
Get in touch
To find out more about remembering the University of Suffolk in your Will or other ways you can support the University, visit uos.ac.uk/giving
How do I recognise the University in my Will? The University of Suffolk advises that you consult a solicitor about the specific wording used to recognise the University in your Will. This will ensure that your Will is legal and that all your wishes can be acted upon. Is it possible to change my Will? A codicil can be used if you have already made a Will but would like to update or change it. This allows you to add more gifts or change the amounts being shared without having to make a new Will. Is it possible to have something named in my honour? The University will recognise all gifts, including those pledged in a Will, in the most appropriate ways. We are very happy to discuss ideas or suggestions on how you would like to be recognised for your gift and will strive to fulfil all requests as far as possible. What happens after I have included the University in my Will? If you have chosen to recognise the University in your Will, we would be most grateful if you could inform us of your decision. You are not obligated to make us aware of your intentions but if you choose to do so we are able to recognise and thank you for your special commitment.
If you wish to have a confidential conversation to discuss possible gifts and recognition, please contact a member of our team via our email giving@uos.ac.uk
EVERY CHANGE BEGINS WITH A VISION David Bornstein
The University of Suffolk is an exempt charity regulated by the Office for Students (OfS) and a company limited by guarantee. Company number 05078498, registered address Waterfront Building, Neptune Quay, Ipswich IP4 1QJ
uos.ac.uk/giving