FAQs about bequest giving
1.Is it possible for my will to keep family needs uppermost and still support the University in some way?
Yes. Most of our bequests come from modest and caring New Zealander's who look after their family and friends appropriately and then acknowledge their special appreciation for their University by including The University of Auckland in their wills. .
2. How will The University of Auckland use my bequest?
In accordance with your wishes as specified in your will. You may want to specify support for a particular academic discipline at the University, or create a specific opportunity such as a scholarship or a research fund. Should you wish, we can work with you to ensure your motivation and intended outcomes are translated into workable, enduring instructions for applying your gift into the future.
3. How do I know that the gift I write into my will now is going to be useful to the University's future needs?
The best way to make sure of this is to talk over your thoughts and wishes with the University representative who is familiar with all areas of the University and understands how bequests are made. This person is:
FRASER ALEXANDER
Administrative Manager (Bequests)
DDI (09) 923 8096
Post: Advancement Office
The University of Auckland
Private Bag 92019
Auckland 1142
New Zealand
4. How should my will be worded to include The University of Auckland?
Your will-writer needs to know that bequests to The University of Auckland should be made to:The University of Auckland Foundation OR The University of Auckland School of Medicine Foundation (where the bequest concerns Medical and Health Sciences)
5. What are the main types of bequests that people make to The University of Auckland?
There are many ways to make a bequest to the University. Your will-writer is the best person to discuss the options with you. The most frequent types of bequests are: Giving the residue of your estate, or a part of what remains after your loved ones have received their share. Giving a percentage or proportion of your estate. This ensures that the University receives the share of your estate that you desire, no matter how much your estate may have increased or decreased since you made your will. Giving a specific amount or an asset such as shares.
6. Can I create an opportunity such as a scholarship that will keep on being awarded year after year?
Yes, where a capital sum can be invested and sufficient interest generated annually for the award to continue 'in perpetuity'. The University of Auckland Foundation or School of Medicine Foundation can both manage endowments (the name for this type of gift). Awarding a scholarship or a research grant every year is a wonderful way of remembering the person for whom it is named.