Legacies Legacy fundraising provides significant income to some schools and universities.  You’re unlikely to see quick results, at least financially, but get a good legacy programme in place and your institution could receive hundreds of thousands of pounds in future. Are there different types of legacy? Yes there are several different types, arguably the most important are: 1. Residuary legacy: Part, or all, of your estate (after debts, funeral costs and pecuniary gifts are paid) 2. Pecuniary legacy: A specific sum, which can be index-linked to safeguard its future value 3. Specific legacy: A particular item to be used or sold by the beneficiary Details of other types of legacy will be made available on this site soon. What information do I need to provide to alumni? Depending on the size and nature of a person’s estate, their Will can either be very straightforward or quite complex.  The safest route is to sell the idea of leaving a legacy to your institution, and then advise potential supporters to consult a solicitor who can help them detail their exact wishes.  It is still helpful if you can at least provide them with the formal Name of you institution and its Registered Charity Number to avoid any ambiguity about which organisations is the beneficiary of the legacy. What’s a Codicil? A Codicil is a written document that can simply be appended to an existing legacy to detail an extra requirement (such as that £1,000 should be left to your institution).  This is much easier than updating a Will, but donors must be careful that their codicil is entirely compatible with existing Will.  Always advise them to seek legal advice to be sure. How do you fundraise for legacies? Legacies tend to be quite private affairs, and donors will do them when they are ready.  The best idea may therefore be simply to repeat your legacy message on everything you send out, from magazines to letters to donation forms.  Keep it fresh in your supporters’ minds so that when they do come to write or amend a will, your institution is top of their minds. More information on legacy giving will be posted on this page soon. FIND DEVELOPMENT JOBS!   Whether you’re looking to start a career in development or are already an experienced practitioner, you can find vacancies today! FURTHER RESOURCES ON FUNDRAISING AND ALUMNI RELATIONS   We’ve listed some of the best books and resources available to help you become an outstanding development professional. See recommended Development reading © Orier Digital Limited 2012