How to leave a legacy to St John's

Wording your will

Gifts in wills, large or modest, constitute a vital source of income for St John’s. They can be directed toward specific areas, but contributions marked for ‘general purposes’ are more flexible as they will allow the College to respond to changing needs in years to come.

We suggest you use the following wording when donating to St John’s in your will:

I give to the Master, Fellows and Scholars of the College of St John the Evangelist in the University of Cambridge [the residue] / [% of the residue] of my estate [or] [the sum of £x] free of tax as permanent endowment for the general purposes of the College. I direct that the receipt of the Senior Bursar or other proper officer for the time being of the College shall be a full and sufficient discharge to my Executors.

However, bequests for specific areas of College life are also welcome, and we will be glad to discuss the terms of any proposed gift. Conversation about your bequest helps to ensure that there is a clear understanding by the College of your wishes so that they can be faithfully observed.

Taking care of your family first

We understand that you will want to provide for your loved ones in your will and it is possible to leave a gift to St John’s whilst still looking after your family. There are types of legacy that allow you to put your family first and your solicitor can advise you on the best way to record your intentions. Should you wish to make a change to an existing will, your solicitor can also advise on using a codicil.

Tax benefits

St John’s is a registered charity (no. 1137428) and this means that there are financial benefits to leaving a legacy to us. By remembering the College in your will, you can reduce the taxable value of your assets, and so reduce the amount of inheritance tax (IHT) payable on your estate. If you leave at least 10% of your estate to charity in the UK, your estate will be able to take advantage of a reduced rate in IHT, from its current level of 40% to 36%. Gifts may be in the form of money, property, or other valuables.

Letting us know

It would be very helpful if could let us know if you decide to remember the College in your will. This will help us to plan for the future and it would be a great pleasure to welcome you as a member of the Beaufort Society.

You can get in touch by emailing Emma Talibudeen or by completing the pledge form and returning it to the Development Office.

 

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