By remembering the College in your Will, you will be leaving a footprint in the future and making a lasting gift for tomorrow’s Old Aloysians.
If you are thinking of making a Will, or have already done so, once you have taken care of family and friends, you may wish to consider leaving a bequest to the College.
Leaving a legacy can support a priority which you think is important, such as The Opportunity Fund to help bursary pupils, improvements to the campus, purchase of sports equipment or support of music, drama or choir activities.
There are 4 main types of legacy gift:
- A Pecuniary Gift
Is a defined sum of money.
- A Residuary Gift
Relates to the residual value of your estate once all debts, fees and any pecuniary legacies have been paid.
- A non-Monetary Gift
This can be property, stocks, and works of art, copyright revenues or any other valuable item.
- A Reversionary Gift
A property may be left to a spouse for his/her lifetime and then bequeathed to the College after his/her death.
You are best to ask your solicitor to advise on the wording for your Will, taking into account your wishes.
Legacies are exempt from inheritance tax, so it may help reduce the amount of tax payable if your estate is over the exempt threshold, which in 2015 is £325,000.
To discuss your wishes in confidence, please contact Caroline Notman, Director of Development & Alumni Relations on 0141-331-9274 or by email on firstname.lastname@example.org
Downloadable Legacy Form