Establishing a Bequest

Leaving a bequest is a carefully considered decision, while at the same time it is an opportunity to invest in generations to come.  By making a bequest to the UNE, you can create a legacy and make an enduring contribution to the advancement of teaching, research and learning. The gift can honour you, your family or someone close to you, for generations to come.

When considering leaving a bequest it is advisable to consult your legal adviser.

The following wording is suggested to indicate your intention to make a general bequest to the University. Should you require assistance with more specific endowment language, please contact Dr Jason Ketter, Director of Advancement at jketter@une.edu.au or 02 6773 2365.

General purpose

“I give [% of my residuary estate / insert dollar amount*] to The University of New England ABN 75 792 454 315 (“University”) of the University of New England, NSW 2351, for the general purposes of the University.”

Specific purpose - Research

“I give [% of my residuary estate / insert dollar amount*] to The University of New England ABN 75 792 454 315 (“University”) of the University of New England, NSW 2351, for research in the field of [insert general description of area of research, eg, agriculture, rural medicine].”

Specific purpose – Scholarships/ Bursaries

“I give [% of my residuary estate / insert dollar amount*] to The University of New England ABN 75 792 454 315 (“University”) of the University of New England, NSW 2351, to establish one or more scholarships and/or bursaries for [insert general description of area to be supported if required, eg, agriculture, business, rural medicine].  [Each scholarship/bursary is to be called [insert name of scholarship/bursary] in the area for which it is awarded.]”

School or department

(for example, UNE Business School)

“I give [% of my residuary estate / insert dollar amount*] to The University of New England ABN 75 792 454 315 (“University”) of the University of New England, NSW 2351, (“University”) for the general purposes of the [specify school or department] or its successor.

Inflation clause

If the bequest is a fixed dollar amount, please also consider inserting an inflation clause. Suggested wording is: “The bequest amount of $...... is to be adjusted for inflation by applying the following formula: A= $...... x B/C where:

  • A represents the adjusted amount payable to the University;
  • B represents the Consumer Price Index All Groups, Weighted Average of Eight Capital Cities (“CPI”) figure published quarterly by the Australian Bureau of Statistics as last published before the date of my death; and
  • C represents the CPI figure last published before the date of this my will.

If at the time of my death the CPI is no longer calculated and published on a quarterly basis, then I direct my executor(s) to adjust the amount of $...... for inflation using such other statistical measure as is chosen by my executor(s) in their absolute discretion.”