Leave your legacy by making a bequest in your Will to the GSB Foundation, giving future leaders an opportunity to build upon what you have started.
The GSB Foundation would welcome an opportunity to discuss with you how a legacy gift might benefit future generations of GSB students and how you may wish your legacy to be appropriately recognized. To arrange for a meeting to discuss this matter in strictest confidence, please email Linda Fasham of the GSB Foundation.
What is a bequest?
A bequest is a specific provision in your Will directing some of the assets in your estate to a specific recipient, like the GSB Foundation. Bequests are also known as ‘planned’ or ‘deferred’ gifts. The advantage of giving this way to the GSB Foundation is that you still have the use of your assets during your lifetime, with the satisfaction of knowing that a part of your estate will support the GSB tradition of world-class education into the future. Bequests to the GSB Foundation are exempt from Estate Duty.
There is great flexibility in making a bequest. It may take various forms, for an example:
- Residuary Legacy is a percentage of your estate after other bequests have been met,
- Pecuniary Legacy is a specific sum of money which could be index-linked,
- Specific Legacy relates to physical and immovable assets, such as property, stocks and shares, works of art and other objects,
- Reversionary Legacy becomes payable after the death of another, or
- Conditional Legacy becomes payable after the conclusion of an event, for example, the education of one’s grandchildren.
It is advisable to talk to your legal advisor about the best choice for you and your family.
Including the GSB Foundation in your Will
A legacy to the GSB Foundation should refer to it by its full title: The GSB Foundation Trust IT002858/2015(C)
We advise you to prepare your Will in consultation with your family estate planner and your legal advisor.
If you decide to leave a legacy to the GSB Foundation, we would be grateful if you could inform us thereof. You do not need to give specific details of your legacy if you do not wish, nor is informing us legally binding; it is merely a statement of your present intentions.
The Codicil: If you have already made your Will but wish to add a specific request to the GSB Foundation, please ask your legal advisor to add a codicil to your existing Will. You can also use the Codicil form from the GSB Foundation for this purpose.
Legacy recognition: The GSB Foundation acknowledges the commitment and support of donors in public displays and published information, yet you may also choose to remain anonymous.