Legacies

BA (Hons) Theatre: Design for Performance, Lucy Hard Smith, Wimbledon, degree shows 2013
Photo by Alys Tomlinson ©

The Colleges of University of the Arts London are steeped in a history of artistic and creative endeavours which have made an exceptional contribution to the world by influencing our surroundings and the way we engage with them.

With the support of a legacy gift, regardless of its size, you can be a part of our future, ensuring that our students and staff continue to be a world-renowned creative force.

Each legacy is an enduring reminder of how an individual’s life may be transformed through a creative education. It is a profoundly personal pledge that will help nurture, challenge and inspire future generations of students

Nigel Carrington. UAL Vice-Chancellor

Leaving a legacy is one of the most personal gifts you can make. It can be a powerful recognition of the role one of our colleges has played in your life, a meaningful way to honour a loved one, or a demonstration of your profound commitment to the arts. You will be a part of our extended family, kept informed about the latest developments in our Colleges and invited to special events, private views and receptions. 

We understand that leaving a gift to the University or one of its colleges in your Will is a significant and very personal decision. We are happy to discuss your individual wishes with you in order to ensure that your gift is used and recognised appropriately. Your gift can also remain anonymous if you would prefer.

By making us aware of your intended gift, you will become part of a very special community of fellow supporters who care passionately about the future of creativity and the unique reputation of our Colleges.

How to remember us in your Will

Your solicitor can best advise you on how to include the University in your Will and ensure your intentions are recorded accurately. An existing Will can be amended with a codicil to reflect the changes you wish.

University of the Arts London has charitable status in the UK. As charitable gifts are deducted from the value of your estate before tax liability is calculated, a gift in your Will could reduce the total amount of tax liable on your estate.

There are several types of legacies that you might like to consider when making your Will. You may find the following guidelines and wording useful when speaking to your solicitor. 

Residuary Legacy – Leaving a Proportion of Your Estate

This type of legacy is all or part of the balance (residue) of your estate after all taxes, charges and other specified gifts have been paid. The advantage of this type of legacy is that its value will not be eroded by inflation. 

Suggested wording for a residuary legacy:

“I give to University of the Arts London ___________ % of my residuary estate. 

This gift may be used for general purposes. OR  It is my wish without creating a binding obligation on University of the Arts London that this gift be used to support __________________ (College name and / or specific purpose). 

I direct that the receipt of the Secretary or other proper officer of University of the Arts London shall be a full and sufficient discharge to my Executors and Trustees.”

Pecuniary Legacy – Leaving a Specific Sum of Money

This type of legacy is straightforward in that you specify an exact sum of money to a named beneficiary. In order to preserve the real value of your gift against inflation, you may wish to request that your Executors calculate the real value of your gift through index-linking or similar means.

Suggested wording for a pecuniary legacy:

“I give to the University of the Arts London the sum of £__________ (or by linking to inflation, such larger sum as my Trustees calculate to have the same value at my death) as £___________ had at the date of my Will (or codicil). 

This gift may be used for general purposes. OR  It is my wish without creating a binding obligation on University of the Arts London that this gift be used to support __________________ (College name and / or specific purpose). 

I direct that the receipt of the Secretary or other proper officer of University of the Arts London shall be a full and sufficient discharge to my Executors and Trustees.”

Specific Legacy – Leaving a Non-money Gift

This type of legacy allows you to leave particular items or assets to a named beneficiary. Such assets might take the form of property, stocks and shares, or other valuable items. The University may sell non-money gifts to utilise the proceeds as necessary. If you are considering a specific non-money legacy, we encourage you to speak with us to ensure that your intentions are understood. 

Suggested wording for a specific legacy:

“I give to University of the Arts London my _______________ (full description of item and location). I direct that the receipt of the Secretary or other proper officer of University of the Arts London shall be a full and sufficient discharge to my Executors and Trustees.”