UWI Legacy Programme
UWIAA Chapters and members, as well as graduates generally, are encouraged to support the UWI Legacy Programme which is a part of the Institutional Advancement Division's philanthropic thrust.
We invite UWI graduates to remember the University of the West Indies in their Wills. Kindly note that ALL bequests are valued, no matter the size. Please discuss with your lawyers the best way to include the UWI in your Will.
Your gift through the UWI Legacy Programme will assist:
- Undergraduate scholarships
- Postgraduate scholarships
- The buildings and facilities of the UWI
- Financial support for students in need
- Endowed Chairs/Professorships
NOTE: You may designate/specify any of the above or give to the general fund which will assign the funds to the area of greatest need.
There are 4 main kinds of legacies:
Pecuniary legacy - A straightforward gift of a specific amount of money. (Note: to keep the value of a pecuniary legacy up to date, you can index-link your legacy, or review your Will at intervals, or add a Codicil).
Residuary bequest - This involves the bequest of the residue of your net estate after other legacies and provisions have been made. A residue may be left to one recipient or divided. The testator does not have to decide the exact amount of the bequest.
Life interest - Another way of helping the University of the West Indies is to leave money or other assets to UWI after the death of your spouse or other relative. This means that they benefit from your estate during their lifetime, but afterwards the assets pass to UWI. Your attorney can advise any tax relief implications.
Non-pecuniary legacy - It is possible to leave gifts in the form of shares or other assets such as property, artwork or other valuables which can then be sold. This can be an attractive option if the assets have appreciated in value over the years and would be liable to Capital Gains Tax if sold by the owner.
Individuals are encouraged to let UWI know about their intended gifts by "registering" with the University Legal Counsel or Institutional Advancement Division (IAD) at iad.mona@alumni.uwi.edu , for follow up purposes.