Types of Bequest

Residual Bequests are simply a gift of whatever is left of your Estate – or a percentage thereof – after all your other gifts, taxes and debts have been fulfilled. This type of Bequest maintains its relative value and automatically adjusts as the value of your Estate increases. Residual Bequests allow you to decide exactly how much you want to leave to your loved ones, whilst leaving whatever may be left over to The University of Western Sydney. By dividing your Estate by percentages you can be confident that the gifts received will retain its value whenever your Bequest matures.

These are simply leaving a gift of a set amount determined by you at the time of drawing up or altering your Will.

Specific Bequests refer to leaving a gift of an item of value, to be passed on to The University of Western Sydney in order to generate funds. Examples include investments, collections, art objects, jewellery. Specific Bequests are a good way to provide additional support on top of a Residual Bequest, as they provide a way to turn any items not wanted by your loved ones into desperately needed funds.

An unrestricted bequest allows us to meet the changing needs of the University by allocating funds where and when they are needed most.

By making a restricted bequest, you can designate exactly how your gift will support UWS. You may wish to establish a new scholarship, support an existing one, or commemorate a loved one through a prize.

An endowment allows you to leave a legacy that truly is lasting. An endowed gift is invested in a trust fund – only the earnings generated from its interest are spent on areas of need each year. This provides an ongoing source of funding for a specific, or ‘unrestricted’, purpose. You can also contribute to an existing endowment, such as the Scholarship Endowment Fund.