Types of bequests accepted by Charles Sturt University

Pecuniary Bequest

A gift to Charles Sturt University of a specified amount or valuable item designated in your Will.  For example you might wish to give a fixed sum of money such as $50,000, $250,000, $500,000 etc.  Other examples of Pecuniary bequests include shares and bonds, property, books and artworks. In such cases, we would usually prefer discretion over their future sale or use, to help us best pursue our academic mission, but are happy to discuss this point with those considering such a gift.

Percentage Bequest

A gift to Charles Sturt University of a predetermined percentage of your total estate.   For example you could leave a 1/5 share or 10% of your total wealth.

Residual Bequest

A percentage or share of your estate. Making a residuary gift means your family, friends and any other beneficiaries receive a predetermined allocation of your Will and Charles Sturt University receives the remainder.

For all different forms of bequest, it is possible to add further conditions. One of the more common ways of doing this is to leave a contingent or reversionary bequest, which is left to a first beneficiary to enjoy during their lifetime and then passes to a second beneficiary – for instance, you may leave a piece of property to your spouse or partner for the rest of their life, upon their passing the property will come to the University.