A gift may take form of a residuary, pecuniary or specific legacy, which may include a monetary gift, buildings, shares, land or other property. A codicil can be added to an existing will but your legal advisor will be able to recommend the best way to formulate your bequest.

Residuary Legacy 

The residue of your estate is the value remaining once all pecuniary legacies, debts, fees and other charges have been met. You might decide to leave the whole or part of the residue to Bradfield College. The advantage of a residuary bequest is that its value will not be eroded by inflation.

Pecuniary Legacy

A gift of a fixed sum of money. The value of the gift may reduce over the years because of inflation. You might want to consider index linking the sum so that the value of the bequest remains as you originally intended. You may like to consider setting aside a percentage of your estate rather than a fixed sum.

Specific Legacy

A legacy need not be in the form of money. You may wish, instead, to leave specific assets, such as property stocks and shares, works of art or other valuables. These would need to be described specifically in your Will and could also reduce your Inheritance Tax liability.  Please let the Foundation know the specific intentions attached to your gift as the College may sell such non-financial gifts and utilise the proceeds as necessary.

Reversionary Legacy

A gift which enables you to provide for your family or friends and to benefit the College. It involves leaving assets to a chosen beneficiary to benefit them during their lifetime, with the whole or a portion reverting to the College upon their death.

In Memoriam Gift

An immediate gift which can set up a Fund in remembrance of a loved one. Many individuals have established In Memoriam funds for providing bursaries and prizes or have provided a bench or tree for the College campus. Please talk to the Foundation for further information regarding In Memoriam giving.

Sample wording

I give free of tax to The Bradfield Foundation, Bradfield College (Charity No, 900457), £ (cash amount), or % of my residuary estate or property (please specify) to… On realisation of the bequest a receipt from the Bursar or other authorised officer shall be sufficient discharge for my Executors.

To request a legacy brochure please email development@bradfieldcollege.org.uk

To download a copy of the Legacy pledge form click here.