Remembering The Fitzwygram Foundation in your Will
You can be Part of a Bright Hampton Future!
Hampton School’s first legacy
In 1557, Robert Hammond left money in his will for the purpose of founding a school for local boys in the parish of Hampton. In the same philanthropic tradition, The Fitzwygram Foundation was established in 2016 for the purpose of increasing the number of free places offered at Hampton School. The Fitzwygram Foundation is a separate but linked charity and all funds given to it are ring-fenced for the purpose of providing free places at Hampton.
Leaving a legacy to the Fitzwygram Foundation is a wonderful way to remember the part that Hampton has played in your life and to enable future generations to benefit from all that a Hampton education has to offer. It is particularly appropriate if you are not in a position to make a substantial contribution during your lifetime, but will have assets available after your death.
Tax Efficient Giving
The Fitzwygram Foundation is a registered charity, which means that all legacies left to it are exempt from UK Inheritance and Capital Gains Taxes. By leaving a gift to the Fitzwygram Foundation in your will, you can lower the inheritance tax payable on your estate. You can find more information about this by going to the Gov.UK Website here.
Leaving a Legacy to the Fitzwygram Foundation
If you are considering leaving a legacy to the Fitzwygram Foundation in your new will, or adding a codicil to your existing will, we recommend that you seek independent legal advice. A qualified legal advisor will ensure that your wishes are clearly expressed and that all the legal formalities have been correctly adhered to.
Please ensure that the legacy is made out to The Fitzwygram Foundation (Registered Charity Number 1167976).
There are several different types of gift you could consider making:
Pecuniary
You leave a specific sum of money to the Fitzwygram Foundation. However, the value of a pecuniary bequest may be eroded over time by inflation, so you may wish to consider index linking your gift to protect against this.
Residuary
You leave all or part of the remainder of your estate, after all other bequests have been made and any debts and expenses have been paid, to the Fitzwygram Foundation. This sort of bequest would protect the value of your gift, as the value of the gift would increase in line with the value of your estate.
Specific Bequest
It may be that you would like to bequeath something other than money to the Fitzwygram Foundation, for example property, shares or other valuables such as a painting or jewellery.
Reversionary
In this situation you leave your assets to trustees for the benefit of friends or family members during their lifetime, with all or a portion of the capital going to the Fitzwygram Foundation after their deaths.
Conditional Bequest
If none of your other named beneficiaries survive you, you can leave your estate to a charity such as the Fitzwygram Foundation.
Drawing up a Codicil
It is very simple to add a codicil to your existing will, without redrawing the entire will. For details as to how to do this click here.
Letting us know your intentions
It will help us to plan for the future if you tell us when you have made, or intend to make, a provision for the Fitzwygram Foundation in your will. You can do so by completing the form here.
By remembering the Fitzwygram Foundation in your will, you too can be part of Hampton’s long and cherished history
