Making a bequest – information for US alumni
November 22, 2019 | Simon Jenkins
The University of Leeds welcomes bequests of any size. Including a gift in your Will is easy to do and an opportunity to help shape the future of a great University.
You can make a bequest to the University of Leeds directly, or through the North American Foundation for the University of Leeds Inc. Either way, if your estate will be subject to US estate tax, leaving a gift to the University in your Will may reduce your estate tax liability.
As an ‘exempt charity’ under Schedule 3 of the Charities Act 2011, the University of Leeds does not have a registered number issued by the UK Charity Commission but is in law a charity by Royal Charter, granted in 1904. A bequest to the University of Leeds may therefore reduce your estate tax liability, if your estate will be subject to US estate tax.
You can find suggested wording for a bequest to the University of Leeds here.
A bequest to the North American Foundation for the University of Leeds (NAFUL), an organisation exempt from taxes under section 501(c)(3) of the Internal Revenue Code, may also reduce your estate tax liability, if your estate will be subject to US estate tax.
You can find suggested wording for a bequest to NAFUL here.
Please note: this information does not constitute legal or tax advice. Always seek advice from your legal and tax advisors regarding your estate and tax liabilities.
Vicky Treherne (firstname.lastname@example.org; phone: +44 (0)113 343 4834) will be pleased to discuss any wishes you have for your bequest, and provide information about areas of the University that are of particular interest to you.
If you require information about setting up a Charitable Remainder Trust or other planned giving vehicle, please contact Vicky in the first instance.
For lots more information about the impact of bequests to the University of Leeds click here.
Sharing your intentions
Having some knowledge of your intentions means a great deal to the University. If you decide to pledge a gift in your Will, or have already done so, we would like to be able to thank you and invite you to become a member of the Brotherton Circle.
The Brotherton Circle is made up of generous alumni and friends who have chosen to make a bequest to the University. You will receive a lapel pin and our annual newsletter, as well as invitations to exclusive events. It is one of the ways we recognise the thoughtfulness and generosity of this very special gift.
Vicky Treherne will be delighted to hear from you if you would like to join the Brotherton Circle.
Finally, if you decide to leave a gift in your Will, we hope you will be proud to know that, in due course and if you wish, your name will be inscribed in our Remembering Leeds book.
Remembering Leeds pays tribute to the many generous people who have left a gift to the University in their will. It is a written history of sustained generosity stretching back to 1878, when Henry Brown’s legacy to fund scholarships at the newly-founded Yorkshire College of Science began a tradition of support that has touched countless lives. A leather-bound, handwritten volume is on permanent display in Parkinson Court, while an online version can be viewed here.