How to leave a gift in your Will

Making waves for generations to come

How to remember Swansea University in your Will

Leaving a gift in your Will to Swansea University will cost you nothing today. By remembering the University in your Will, you are supporting students with the greatest potential, funding pioneering research and shaping the World beyond our lifetime.

Your Will is an incredibly personal matter, and if you are interested in leaving a gift in your Will of any kind to the University, we invite you to discuss your plans with us in confidence, so that we can make sure that your wishes are understood and fulfilled.

If you have already remembered the University in your Will, we would love to hear from you and thank you for your special gift. We are extremely grateful to all friends and supporters who have chosen to remember the University in this way. Please contact our team who would be happy to provide you with further information or answer any questions you may have.

Leave a Legacy today

Include a gift in your Will

To remember the University in your Will, you will need the registered charity number and address:

Registered Charity Number: No. 1138342

Address: Swansea University, Singleton Park, Swansea, SA2 8PP, Wales, UK

Defining How Your Legacy is used

Through a gift in your Will, you can support the University in so many ways. You can direct your gift towards any aspect of Swansea life, including research or student hardship. An unrestricted gift allows us to direct funds where they are most needed. Whichever you choose, your gift will help to shape the lives of our students and create a legacy that helps to better understand the World around us.

Important Clause – for all forms of Legacy it is important that the following clause be inserted in the Will:

‘I declare that the receipt of the person who professes to be the Director of Finance or Treasurer or other proper officer for the time being of the University shall be a sufficient discharge to my (Trustees) (Executors). I further declare that if before my death (or after my death but before my (Trustees) (Executors) have given effect to this gift in question) any other charitable or other body to which a gift is made in this my Will has changed its name or amalgamated with or transferred all its assets to any other body then my (Trustees) (Executors) shall give effect to this gift as if it has been made (in the first case) to the body in its changed name or (in the second case) to the body which results from such amalgamation or to which the transfer has been made.’

Types of Legacies

A Cash Gift of any size (Pecuniary)
This is generally the simplest form of legacy. It allows you to leave a specific sum of money to a specific beneficiary. The gift can be a defined figure that does not change with time or you may instruct your trustees to take account of the impact of inflation.

Any share or percentage or fraction of an estate (Residuary)
A residuary gift refers to a gift that relates to the residual value of your estate once all debts, fees and any pecuniary legacies have been paid. In this case, you may choose to give the whole or a percentage of the residuary estate to one individual or institution, or you may wish to divide the residuary estate between several beneficiaries.

A Non-Monetary Gift
As well as monetary donations, non-monetary legacies may be left to the University in the form of, for example, property, stocks, works of art, copyright revenues or any other valuable item. Wills that include such legacies need to be reviewed each time you sell any of the assets listed in your Will.

A Reversionary Gift
A reversionary legacy enables you to pass your estate, or specific assets of your 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 the reversionary legacy. For example, property may be left to a spouse for their lifetime and then bequeathed to the University after their death.

Tax efficient giving in your Will

As a registered charity, Swansea University is exempt from inheritance tax and capital gains tax. We can also often reclaim income tax. These rules can be complicated so please speak to a member of our team if you are unsure of how to go about applying these exemptions, or alternatively consult a professional.

Examples of wording for Wills and codicils

A gift in your Will is a very important and personal decision. It's an expression of your values and of the principles that are important to you. We always recommend that you take professional legal advice when drafting or updating your Will or adding a codicil. If you decide to make a bequest to Swansea University, the following wording could be used in your Will:

Pecuniary Legacy
“I give free of tax to the University of Swansea, Singleton Park, Swansea, SA2 8PP (RCN 1138342), the sum of £_______ to be held for the general purposes of the University absolutely.”

“I give free of tax to the University of Swansea, Singleton Park, Swansea, SA2 8PP (RCN 1138342), the sum of £_______ and I express the wish (but without imposing any binding obligation) that the money be used for ... (details of intended purpose).”

Non-Monetary Gifts
“I give my _________ (full description of item and its location) to the University of Swansea, Singleton Park, Swansea, SA2 8PP (RCN 1138342).”

Residuary and Reversionary Gifts
Given the complexity of residuary and reversionary legacies, we recommend that you take professional legal advice when considering this form of Legacy.