What will be your Legacy?

Throughout its history, Swansea University has been fortunate to receive many bequests from graduates, friends and former staff of the institution. Depending on the wishes of the benefactors, these bequests have been used to support scholarships and prizes or to finance the development of new infrastructure and equipment.

Types of legacy

There are four forms of legacy:

Pecuniary Gift: allows you to leave a specific sum of money to a specific beneficiary.

Residuary Gift: a gift that relates to the residual value of your estate once all debts, fees and any pecuniary legacies have been paid.

Non-Monetary Gift: for example, property, stocks, works of art, copyright revenues or any other valuable item.

Reversionary Gift: enables benefactors to pass their estate, or specific assets of their estate, to named individuals who will benefit throughout their lifetime. Following their deaths all, or some, of the estate is then passed to the beneficiaries as specified in legacy. For example, property may be left to a spouse for his/her lifetime and then bequeathed to the University after his/her death.

How legacies are used

Some benefactors choose to make a donation to the University for a particular purpose. For example, to support:

• Research undertaken by a particular department;
• Students facing particular disadvantage;
• Building or infrastructural needs;
• Sports facilities;
• Prizes and awards for students or staff;
• The on-going costs of running the University.

We encourage all benefactors to discuss their plans with us so that we can ensure that their wishes are met in future.

For further information on legacies, bequests and the current Alumni fund, contact the Alumni Office by telephone on ++44 (0)1792 295156, or email: alumni@swansea.ac.uk