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Contributing a legacy gift is a powerful way to leave a lasting impact on the College's future, helping us build a brighter future without affecting your current financial commitments. We understand the ability to making donations during your lifetime can be limited, which is why a legacy gift offers a meaningful alternative. You can choose to support specific areas such as bursaries and new buildings, or contribute to our general funds, ensuring a sustainable and permanent income stream for the College.
Did you know?
Bishop’s Stortford College is a registered charity 311057. With the support of our community, the College has been helping children to reach their potential since 1868.
When you choose to remember Bishop’s Stortford College in your will, you will be making a lasting contribution that will be remembered for many years to come.
Gifts in wills, large or modest, constitute a vital source of income for Bishop’s Stortford College. They can be directed toward specific areas, but contributions marked for “where the need is greatest” or for general purposes (endowment) are more flexible, as they will allow the College to respond to changing needs now and in years to come.
We will be glad to discuss the terms of any proposed gift to ensure your wishes are faithfully observed.
As a registered charity (Charity Number 311057) all legacies made to Bishop’s Stortford College are exempt from UK Inheritance and Capital Gains Taxes. Under current rules (at the time of writing), if you leave 10% or more of your net estate to charity, the Inheritance Tax rate on the whole of your taxable estate is reduced from 40% to 36% on some assets. Gifts may be in the form of money, property, or other valuables.
Residuary Legacy
A gift of the remainder of your estate or a percentage, after all other legacies, debts, taxes, and expenses have been paid. The advantage of a residuary legacy is that it will not be eroded in value by inflation.
Pecuniary Legacy
A gift of a specific sum of money.
Specific Legacy
The gift of a specific asset, rather than a monetary amount.
Reversionary Legacy
A gift of assets to the College whilst giving someone the benefit of them during their lifetime.
