Chapter 6 – Donations, prizes and scholarships

Bequests and donations to the University

This information is current as at January 2008. The latest information is available from the Alumni and Development Office.

The University welcomes assistance with the development of its educational responsibilities and in its involvement in community life. Bequests and donations are gratefully received and acknowledged according to the wishes of the benefactor. Bequests or donations may be in the form of money, real estate, stock, shares or goods.

When writing a will, the University recommends that benefactors seek professional advice from a solicitor or trustee company. A bequest to the University may be made by intending benefactors as set out below:

I give to the University of Technology, Sydney, (my estate) or (portion/the residue of my estate) or (the sum of $…) free of all duties thereon and direct that it be applied for the purposes of the University in such manner as the Council of the University may determine.

Intending benefactors should clearly indicate any special conditions or requests. However, to avoid hampering the 'real intent' of any such gift, it is desirable that any special conditions or requests be expressed in general terms.

Where the bequest is in the form of shares or inscribed stock, appropriate provisions should be made to ensure future University access to the securities.

Taxation

The University of Technology, Sydney, is endorsed as a deductible gift recipient under Subdivision 30-BA of the Income Tax Assessment Act 1997. Donations of $2 or more by private individuals or organisations are allowable deductions for income tax purposes.

Estate duty

Bequests to the University are exempt from the payment of both Commonwealth Government and state estate duties.

Inquiries

Chris Benaud
Director, Alumni and Development Office
PO Box 123
Broadway NSW 2007
telephone +61 2 9514 7507
fax +61 2 9514 7509
email Chris.Benaud@uts.edu.au

Cultural Gifts Program

The University accepts donations and gifts under the Cultural Gifts Program (formerly the Taxation Incentives for the Arts Scheme).

Inquiries

Tania Creighton
Curator, UTS Gallery
telephone +61 2 9514 1284
fax +61 2 9514 1228
email Tania.Creighton@uts.edu.au
http://www.utsgallery.uts.edu.au

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