Legacy Giving

By remembering ArtsEd in your will, you will be making an enormously positive contribution to the future of both ArtsEd and the performing arts. Legacies play an immensely valuable role in both the sustainability and development of organisations such as ours. We hope that you might consider supporting future generations of students by including ArtsEd in your will.

The most common types of legacy:

Residuary legacy
A gift of what’s left of your estate – or a percentage of it – after all other gifts have been made and debts cleared.

Pecuniary legacy
A gift of a sum of money.

Specific legacy
A particular named item left as a gift in your will. For example, a piece of furniture, a painting, etc.

Reversionary legacy
A gift in your will that reverts to another beneficiary (e.g. a charity) when the original beneficiary dies.

Tax Saving Information

As a registered charity, a gift in your will to ArtsEd is exempt from inheritance tax. As of 6 April 2009, estates worth over £325,000 are subject to 40% inheritance tax on any amount over £325,000. A charitable beneficiary pays no tax on gifts of money or property bequeathed by a legacy.

In addition, leaving a gift in your will to a charity may have tax benefits for your estate. From April 2012, estates leaving 10% or more to charity will be subject to a 36% reduced rate of inheritance tax.

Leaving a gift in your will

If you already have a will, you can add a gift to a charity with a codicil. The example below includes all of the information required to leave a gift to ArtsEd.

Example codicil wording:
“In addition to any legacies given in my will I give to Arts Educational Schools London, 14 Bath Road, Chiswick, London. W4 1LY, registered charity number 311087, (the sum of £_______ /or % share of my residuary estate/or specific item) to be used for its general charitable purposes and I declare that the receipt of their Treasurer or other proper officer shall be a full and sufficient discharge.”

We are delighted to acknowledge the generosity of our legators alongside our supporters, in our building, our accounts and online.

Thank you so much for considering a gift to ArtsEd in your will. If you would like to find out more, then please do not hesitate to get in touch.

MaryAnn Parish | Head of Development | 0208 987 6644 |  mparish@artsed.co.uk.