Leaving a Bequest Legacy to Thandulwazi
Leaving a bequest Legacy to the Thandulwazi Maths and Science Academy is a lasting gift which ensures the future of the school.
To leave a bequest to the Thandulwazi Maths and Science Academy Endowment Fund is to pledge a wonderful gift for the future. It is a donation that shows your appreciation. It is recognition that the Thandulwazi Maths and Science Academy will need a steady source of capital investment if they are to continue providing educational growth opportunities for Students and Teachers.
Click Here to Print a CODICIL - available for your guidance and the provisions can be incorporated in any subsequent updating of your will. Please complete the Codicil and include it in your will. You are welcome to notify the Thandulwazi Maths and Science Academy of your intention by emailing Julia Phipps jphipps@stithian.com or Deirdre Lister dlister@stithian.com
What will Bequest funding be used for?
Bequests will be invested through the Thandulwazi Maths and Science Academy Endowment Fund for the future sustainability of the school. A healthy Endowment fund ensures that the school can be financially independent, plan for the future, hire specialist staff and provide bursaries to those who need them.
What is a Bequest?
A Bequest is an allocation of a portion of your Estate in your Will. It is a posthumous and can be in the form of:
- Money
- Trusts
- Policies (e.g. life insurance)
- A percentage of your Estate
Why do I need a Will?
The following are the main advantages of drawing up a Will:
- To direct the distribution of your assets to those you care about most.
- To choose a personal representative (executor) who will oversee the distribution of your assets.
- To provide for family members, friends or relatives according to their needs.
- To provide appropriately for minor children by naming a guardian or establishing a Trust.
- To save considerable estate duties by utilising proper estate planning techniques.
- To provide support for charitable organisations which have special meaning for you.
Tax Information
(South Africa Only)
Estates are currently free of estate duty up to R3.5million. Thereafter Estate Duty is charged at 20% and at 25% on the estates in excess of R30m. Any amount left to a recognised charity or to an educational institution, such as St Stithians College, is free of Estate Duty and so deducted from the net Estate value.
Please consult your financial advisor should you reside outside South Africa.
Our personal appeal to you
You are part of the Thandulwazi family. Your bequest can help others by Inspiring Excellence and Making a World of Difference to Students and Teachers attending the Thandulwazi Maths and Science Academy.
