Frequently asked questions
What can I leave to the University of Canterbury?
Many of our donors choose to leave a sum of money, however property, insurances, investments and other assets can also be gifted. If you would like to leave money, you have two choices – you can leave a specific sum of money, or you can leave a share of your estate.
The advantage of leaving a share of your estate is that the value of your bequest will not be eroded over time with the effects of inflation, which would be the case if you specify a sum. A dollar today may not be worth the same in ten years’ time. You can also choose to leave a residual gift – the balance of your estate once all specific bequests have been allocated.
I am thinking of leaving a scholarship to help a specific group of students. Is this possible?
Yes. You are welcome to identify the areas or purpose you would like to support. Current projects are likely to change in the future, and providing UC with some flexibility means your gift will be used where the need is greatest.
However, if you do wish to choose a specific purpose we can discuss this with you to ensure we can identify a suitable fund or project, and can honour your wishes in the long term. In the case of endowment funds, we have specific wording you can use.
Do I need to draw up a new Will to include my gift?
No. A document called a codicil can be used to add a gift to UC to an existing Will. A legal adviser will need to be consulted for this but it is inexpensive, quick and very easy to do.
Do I have to tell the University about my intentions?
This is at your discretion and we appreciate that making your Will is a very personal decision. We encourage you to notify us of your intentions so that we may express gratitude during your lifetime.
This doesn’t mean you are obligated in any way to leave a gift, and we respect your freedom to change your mind at any time.
Leaving a legacy gift to UC outside of New Zealand
The University has established the University of Canterbury NZ Trust - UK, and the University of Canterbury Foundation in America Inc.
- To learn more about leaving a gift in your will in the US, please click here.
- To learn more about leaving a gift in your will in the UK, please click here.
The terms of these allow in-country tax benefits for UC's donors living abroad and ensure that the expressed wishes of donors are fulfilled. For further information on tax status, contact addresses and a list of trustees for each, please click here.
Some things to consider when making a will
- Who will administer your estate and execute your will?
- What do you want and what is your moral duty?
- Who are the potential beneficiaries?
- If something happens to your beneficiaries before you pass away, do you have back up choices?
- Do you have any debts to pass on?
- Is there something sentimental that you’d like a specific person to have?
- If you have minor children or other dependants, who will be their guardian?
Disclaimer: The information above is not intended as legal advice. For such advice, please consult a legal advisor.
