Leaving a gift in your will
Leaving a gift is one way you can act today to support the University and future generations of students.
We are grateful that you are considering a gift to the University of Edinburgh in your will.
As a registered charity (number SC004307), a legacy to The University of Edinburgh Development Trust in most instances is tax free and will reduce any inheritance tax burden on your estate. We have outlined ways in which you might make such a gift below and our Legacy Team will be delighted to discuss this with you.
We recommend that you also seek advice from a solicitor in order to make a will or add a simple codicil to your will.
Choosing an area for your gift
Unrestricted gifts to The University of Edinburgh Development Trust allow us to support the areas of greatest need, both now and in the future.
However, we do appreciate that you may wish to stipulate a particular area for support, in which case it may be helpful if you discuss this with the Legacy Manager to ensure that your wishes can be met. Some options are:
- Unrestricted, to support areas of greatest need, enabling the University to build on its strengths and maintain its world-class standing
- To support teaching and research in the School of …
- To support the University Library and Special Collections
- To support student scholarships
- To support University buildings and architecture
How to structure your gift
There are several different kinds of gift you can leave in your will and your solicitor will advise you on the most appropriate type and wording for your will. However, the most common are described below with a suggested wording.
A residuary legacy is stated as all or as a percentage of your remaining estate, after all fees, outstanding costs and other gifts have been taken care of. The advantage of a residuary legacy gift is that it keeps track with inflation as it is not a fixed sum.
Our suggested wording is:
I give free of tax all (or specify %) of the residue of my real and personal estate to The University of Edinburgh Development Trust, charity number SCOO4307, to be used to support where the need is greatest (or specify area) and I direct that the receipt of the Secretary of The University of Edinburgh or other duly appointed officer for the time being of the said charity shall be sufficient discharge for my Executors or Trustees.
A pecuniary legacy is a gift of a fixed sum of money. The value of pecuniary legacies will decrease over time, as the cost of living increases. You can link your legacy to the Retail Price Index to ensure that the value of the gift you make today is worth the same in the future.
Our suggested wording is:
I give free of tax the sum of £…. (preferably inflation linked to the Retail Price Index) or….(specify gift) to The University of Edinburgh Development Trust, charity number SCOO4307, to be used to support where the need is greatest (or specify area) and I direct that the receipt of the Secretary of The University of Edinburgh or other duly appointed officer for the time being of the said charity shall be sufficient discharge for my Executors or Trustees.
Other types of gift
You can also make a gift of land, buildings, personal property (such as antiques or jewellery), shares or securities tax free to The University of Edinburgh Development Trust and as a registered charity we do not pay stamp duty on receipt of outright gifts of land or buildings.
The Carlyle Circle
Everyone who makes a personal pledge in their will to the University of Edinburgh is invited to join the Carlyle Circle.
We would like to thank you personally for your support, so please let us know if you have, or intend to, remember us in your will. For further information on legacies or the Carlyle Circle please contact Morag Murison.