We are indebted to those who remember Clare Hall in their Will. A legacy gift can be written into a new Will, or simply added to an existing one using a Codicil form. We recommend that you seek professional legal advice when making or amending a Will.
There are several methods by which you can remember Clare Hall in your Will:
As with any form of donation, gifts to the College for general purposes offer the most flexibility as they can be directed to the areas that require most support at any given time. Clare Hall is naturally, however, also happy to receive gifts directed to specific areas of College life.
Whichever option you choose, we suggest that you use the following wording when leaving your gift to Clare Hall
As a registered charity Clare Hall pays no tax on gifts bequeathed and a legacy to the College may reduce your estate’s Inheritance Tax liability. Additionally, from April 2012, if a person leaves 10% of his or her estate to charity, Inheritance Tax will be charged on the estate at a rate of 36%, rather than the usual rate of 40%. Potential legacy donors who are already considering leaving a gift in their Will may find under this relief that they can leave more to charity with little impact on the amount left to their non-charitable beneficiaries. More information is available on this.
For those living in the USA, you can also find out more from Cambridge in America on how to leave a gift in your will to benefit Clare Hall while ensuring tax exempt status.
If you are subject to tax in both the UK and US, you now have the opportunity to give to Cambridge in America (UK) Ltd, a registered charity in England, and be simultaneously eligible for tax benefits in both countries. Gifts by check, wire transfer, of publicly traded securities and of land are accepted.
To make a gift by check, of publicly traded securities, or of land, please e-mail Eileen Flood, Administrator for Cambridge in America (UK) Ltd or by phone at +44 (0)20 7502 2813.