LEAVING A GIFT IN YOUR WILL
Legacy gifts have helped make The Leys the wonderful school it is today, supporting bursaries, beautiful buildings, and Wider Curriculum activities. We know that family and close friends will come first when you make your will. When they have been provided for, we ask you to remember The Leys, providing opportunities for a younger generation of Leysians.
At the heart of the School lie values of decency, fairness, and service. We also wish to help pupils who reach the high academic standards of entry fulfil their academic potential regardless of their social background or financial circumstances. To preserve and grow this proud and meaningful tradition, The Leys needs to provide means-tested bursary places. This is the essence of The Leys, and a bequest to the school will ensure this continues for generations to come.
If you do include the School in your Will, please let us know. This will allow us to thank you for your support. Any information you give us will be treated in strict confidence and does represent a binding commitment. We will recognise your generosity by inviting you to membership of the 1875 Society.
WHAT TYPE OF GIFT CAN I LEAVE?
A cash sum – which may be index-linked to preserve its value over time.
A percentage – 4% to the school and 96% to loved ones. 4% of an estate of £1 million will sponsor a Royal SpringBoard pupil from a disadvantaged background for one year.
A share of the residue – once you have provided for loved ones, you can leave a share of the residue (or a share in the residue along with other named charities) to The Leys.
Deed of variation – if you are a beneficiary under a will, you may consider passing a portion of your inheritance to The Leys. There may be tax advantages for you, and you will be able to see the difference that your gift makes during your lifetime.
If you wish to discuss how your legacy can have the impact you hope at The Leys, please contact the Development Office. We will be happy to make sure your wishes are fulfilled.
HOW TO LEAVE A GIFT IN YOUR WILL
A legacy gift may be included when you first make your will, or can be subsequently included by adding a simple codicil. We recommend taking professional legal advice.
This suggested wording may be helpful: “I give to the Leys School, (Registered Charity Number 1144035), [the residue of my estate], [x% of the residue of my estate] or [the sum of £x] free of tax for the general purposes of the School. I declare that the receipt of the Bursar for the time being of the School shall be a full and sufficient discharge to my Executors.”
As The Leys is a registered charity, a bequest is free from inheritance tax. UK legislation also provides for a reduction in inheritance tax from 40% to 36% to those who leave 10% or more of their net estate to charity. This means the overall tax liability of your estate could be reduced by leaving a legacy to the school.
For those yet to make a will who wish to make a bequest to The Leys, local solicitors Hewitsons have agreed to donate part of the cost of making a will to the Bursaries fund. Please call 01223 461155 to arrange an appointment and quote ‘The Leys’.