Leave a gift in your Will
A will is very personal and we strongly advise you to consult your legal advisor before drafting a new will or updating an existing one. We are always happy to discuss your wishes and intentions without offering direct legal or financial advice on wills or estate planning.
Please contact Holly Palmer on +64 9 520 4159 ex 7588 or at [email protected] if you’d like to discuss your wishes or let us know that you’ve included us in your will.
If you are considering making a bequest to the school, here is some suggested wording to ensure your wishes are carried out:
“I give and bequeath to the St Cuthbert’s College Educational Trust Board, a charitable trust registered with the New Zealand Charities Commission (CC21007),
$ (a specific dollar amount)
(a specific percentage) of my estate
(the whole or a specific percentage) of the residue of my estate
(describe precisely the item of property)
free from all duties and charges, as a contribution to the St Cuthbert’s College Educational Trust Board to be applied for (XYZ), for which the receipt of the St Cuthbert’s College Educational Trust Board shall be sufficient discharge to my trustees.”
Note: (XYZ) could simply describe the type of scholarship or programme you wish to direct your gift to. We recommend that for specific wishes, (XYZ) becomes “The (donor/family/friend’s name) Scholarship/Programme Fund” with the supporting document (a Statement of Intentions) being held at the College.
Honouring your intentions
A ‘Statement of Intentions’ is a document that translates your motives and intentions into practical instructions for the College. It represents the collaborative efforts of you and the St Cuthbert’s College Educational Trust Board in striking the best balance between achieving your objectives and supporting programmes and projects of ongoing importance to the school.
A Statement of Intentions could include information on:
- The distribution schedule for funds such as perpetual (use interest only, capital remains) or depleting fund (over what period).
- The process of distribution (decision-makers, application process, etc).
- Recipient criteria (department, programme or objectives, financial need, contribution to community or culture, etc).
- Type of allowable expenditure (tuition fees, boarding fees, extra-curricular activity/trip costs, capital expenditure, staff salary, etc).
- How the College and recipient will recognise and acknowledge you or your nominee.