Legacy

Legacy Giving

We fully understand that your family and loved ones come first in your will. Leaving even a small percentage of your estate to the Queen’s College Taunton Foundation can make a real impact - and leaves the majority of your estate for those closest to you. Did you know that if you leave 10% of your estate to charity, inheritance tax due is reduced from 40% to 36%? Please don’t hesitate to reach out to Michelle Hancock, Director of Development, on 01823 340873 if you have any questions about leaving a gift in your will to Queen’s College Taunton.

Queen’s College is not a financial or legal advisor, and we encourage you to seek qualified advice before making or changing your will.

Frequently Asked Questions

How do I make sure my loved ones are looked after?

We fully understand that your family and loved ones come first in your will. Leaving even a small percentage of your estate to the Queen’s College Taunton Foundation can make a real impact - and leaves the majority of your estate for those closest to you. Did you know that if you leave 10% of your estate to charity, inheritance tax due is reduced from 40% to 36%?

Why should I remember Queen’s College Taunton in my will?

For many, leaving a gift in their will is their way of showing support to the School. A Queen’s College education helped shape the trajectory of many OQs’ lives, especially those who received financial support to attend the School. A gift in your will ensures today’s pupils benefit from those same opportunities whilst enriching the School’s intellectual and social diversity. It is an investment in future Queenians and an opportunity to give back to your old School.

How do I remember Queen’s College Taunton in my will?

Simply tell your Solicitor/Will-maker that you would like to remember Queen’s College Taunton Foundation in your will and give them our Registered Charity Number (1093852).

I already have a will - how do I include Queen’s College Taunton?

Ask your Solicitor about adding a ‘Letter of Wishes’ or a Codicil to your will. They’ll need the Queen’s College Taunton Foundation Registered Charity Number.

Why is it better to leave a percentage of my estate to Queen’s College as opposed to a fixed sum?

Possessions (specific gifts) and fixed sums (pecuniary gifts) are paid out from your estate first. A fixed sum might feel appropriate at the time of making the will, but (hopefully) many years later, it may not have the intended impact due to rising costs and inflation. Leaving a percentage of your estate to Queen’s College Taunton Foundation will ensure your gift keeps up with rising costs over time.

What difference will my gift make?

For the 2024-25 academic year, senior school fees are £27,360 and a gift of any size towards our bursary fund helps to transform the lives of the recipients. Examples:

A gift of £53,106 could fund one pupil through Sixth Form.
A gift of £273,202 could fund one pupil through seven years of Senior School.
A gift of £500,000 (invested and returning around 5%/£25k per annum) would effectively fund a significant bursary in perpetuity.

All legacy gifts received will be used to support bursaries, unless you stipulate otherwise.

Do I have to tell Queen’s College Taunton Foundation if I have remembered the School in my will?

We understand that making a will is a deeply personal matter and you are under no obligation to inform us if you have remembered the School in your will - however we would be delighted should you choose to do so. If the School is aware of your decision, it enables us to share the current successes and progress at Queen’s College Taunton with you, as well as to thank you during your lifetime. You can inform us discreetly by email or by completing the pledge form.

What are the inheritance tax benefits of leaving a legacy to Queen’s College Taunton Foundation?

Under current rules (February 2025) if you choose to leave 10% of your estate to Queen’s College Taunton Foundation, then inheritance tax liability reduces from 40% to 36%.