Leaving a Gift in your Will is the opportunity to invest in the future generation of young people and play a vital role in supporting students, research and the wider University.
The impact of legacy gifts
Legacy gifts play a vital role in helping the University to make a difference both locally and internationally and recent gifts have helped to:
- double the size of the Strathclyde Law Clinic, which provides support to communities who cannot afford legal aid. It is now the biggest in Scotland
- provide scholarships for 15 students from low income backgrounds
- create new PhD scholarships in Marketing and Chemistry
- support new book purchases and the physical development of the University Library
- fund leading research into Asperger's syndrome
How to leave a gift in your Will
It is important to seek legal advice to help you to prepare your Will and a solicitor can advise you on the wording. You should also consider what you would like your gift to achieve and might want to consider the following:
- supporting an area you are passionate about - a field of study/research, or a particular area such as supporting disadvantaged students.
- helping the university to respond to the most pressing need by helping where the need is greatest.
There are three main types of legacy gift:
- a share of your estate (a residuary gift)
- a fixed amount of money (a pecuniary gift)
- a particular item left to Strathclyde
The gift that holds its value the most is a residuary one. Giving in this way means inflation doesn't erode the value of the gift in the way it does with cash gifts.
The University of Strathclyde is a registered charity and any legacy gift to a charity is deducted from the value of your estate before inheritance tax is calculated.