|Leaving a Legacy|
Leaving a world where natural beauty has not been destroyed by progress and where cultural heritage has not been swept away by modernization is truly something to strive for.
Southern African Wildlife College is working to ensure that some of the world's most magnificent wilderness and diverse cultures will remain intact for coming generations through the training of protected area managers, as well as ensuring that the local custodians of these areas are given every opportunity to develop and benefit from this conservation.
Leaving a legacy to the Southern African Wildlife College in your will is one of the most important gifts you can make. It will ensure that essential resources are in place to help us plan and secure the future activities of the College with confidence. Every gift, whatever the amount, can help us continue our vital training.
In preparing a will, once you have benefited your loved ones, you may wish to support the College with the balance of your estate. You may also wish to leave a specific gift of money, a collection or a work of art.
It is important to remember that bequests to charitable institutions are exempt from tax and may lead to savings in the amount of estate duty payable, if your estate amounts to more than R1 million in South Africa. This obviously varies from country to country though and is worth speaking to your executor about.
An unrestricted legacy is usually the most beneficial way of supporting the aims of the College. It will allow the College maximum flexibility to use your gift in the most effective way, enabling us to support areas of greatest need - now and in the future.
Pecuniary Legacy is a gift of a specified sum of money.
Residuary Legacy is a gift of all or the remainder of your estate after all other payments and legacies have been made. The advantage of a residuary legacy is that its value will grow in line with inflation.
Specific or Non-Monetary Legacy is a gift of an asset such as property, shares, collections or works of art.
Conditional Legacy ensures that should none of your named dependants survive you, your estate would then be left to the Southern African Wildlife College.
Reversionary Legacy is a gift of actual assets that are left to a particular beneficiary to use during his or her lifetime. The assets would then pass to the Southern African Wildlife College on the death of that particular person.
WRITING A WILL
If you have made the decision to leave a bequest to Southern African Wildlife College in your will, it is important to speak to your executor about the specific wording required to make sure your donation is used in the way you intended.
The Southern African Wildlife College recommends that, for estate planning purposes, members and friends consider the following language for use in their wills:
“To the Southern African Wildlife College (SAWC), a not-for-profit organization, having as its principal address Orpen Rd, Hoedspruit, South Africa, I hereby give and bequeath ______ to be used as determined by SAWC for the general purposes of SAWC.”
In order to help SAWC avoid future administration costs, it is suggested that the following paragraph be added to any restrictions that are imposed on a bequest:
“If at some future time, in the judgment of the Southern African Wildlife College, it is no longer practical to use the income and/or principal of this bequest for the purposes intended, the Trustees have the right to use the income and/or principal for whatever purposes they deem necessary and most closely in accord with the intent described herein.”
Thank you for your support of the Southern African Wildlife College.
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