Legacies

 

I gained so much from my time at the Hall and I have no doubt that I would not be in the position I am today were I not to have had such a marvelous opportunity to be part of such a special community. I was most fortunate in that I was supported through my own studies while I was there, and so think it important to give back to the College so that others can benefit in a similar way to me. Three years passed so quickly but I remember them most fondly and the regular contact from the College keeps the place close to my heart.

James Thomas (2002), JCR President 2004-5

Cupola at night
Cupola at night

Legacies are one of the most meaningful ways you could choose to support Trinity Hall and its community. They are fundamental if we are to transform the fabric of the College and the lives of future generations of students and safeguard the future of Trinity Hall as a place of education, learning and research.

The very same experience you benefited from during your time in the College. Your charitable support, combined with the College’s continued investments, can help us achieve these goals. It is only through education and research that many of the issues facing society today will be resolved.

Thank you for considering to remember Trinity Hall in your Will. It is a powerful way of supporting the College and future generations of students.  It is also a tax-efficient form of giving as charitable legacies are free of inheritance tax.

Those who remember the College in their Will are invited to join the Nathanael Lloyd Society which is our way of thanking you for your support during your lifetime. We would be happy to discuss the terms of your legacy if you are interested in supporting specific causes within the College.

 

How have Legacies impacted on the College Community?

 

It is now time to return something of the benefit I received to the Hall so that others may participate in the same good fortune. To me, it is the most deserving of causes.

Clive Thorne (1971, Law)

Students at Wychfield
Students at Wychfield

Legacies to the College have helped make a real difference to the College and generations of students. Below are some examples of how legacy gifts have supported the College.

Mr Gordon Strangeways (1935) gave a legacy to endow the award of scholarships, studentships or bursaries for students at Trinity Hall in the name of Strangeways to commemorate the 6 members of the family who attended the College in 30s and 50s.  This legacy provides several annual awards for students in need.

Mrs Ivy Cooney bequeathed a half share of her estate to Trinity Hall in memory of her son, the late Norman Ellis Craig (1948).  Specifically directed to benefit the Buildings fund, her legacy was used to create the Norman Craig Ellis Room in M Staircase to house the College archives.

The development of new student accommodation at Wychfield was made possible through a generous legacy to the College, from former Fellow Dr Graham Storey OBE (1939).

To find out what kind of impact you could have, please download a copy of our Trinity Hall legacy brochure or request a physical copy by emailing yourlegacy@trinhall.cam.ac.uk.

 

I would like to support the College in this way, what are my next steps?

  1. Arranging your Will does not need to be complicated or expensive – it is recommended that you contact a solicitor to help prepare your Will. The College is not able to advise on these matters.
  2. Please consider leaving a cash gift or a residuary gift to the College once you have made a provision for your family.
  3. Please ensure that your gift is made to ‘Trinity Hall, Cambridge (England and Wales Registered Charity Number 1137458) for general charitable purposes’*
  4. If you have a specific preference and would like to discuss where you would like your gift be directed, please contact the Development Director or Development Officer at yourlegacy@trinhall.cam.ac.uk or by calling +44 (0)1223 332563.
  5. Please complete our online form. We recognise that your intentions are a personal matter which you may wish to keep confidential. However, if you are willing to complete this form, the College would be very grateful as it would assist with our long term planning.
  6. If you would like to amend an existing Will (a codicil), you will find a suggested template here.

*Suggested wording: “I/We give free of tax to the Master and Fellows of Trinity Hall, Cambridge CB2 1TJ (Registered Charity Number 1137458) the residue/a proportion of the residue of my estate/the sum of £(amount) to be used as they think fit and declare that the receipt of the Bursar or other proper officer for the time being of the College shall be sufficient discharge to my/our Executors.”

 

Download the Legacy Brochure

Download the Intentions Form

Download the Solicitor Postcard

Download the template Codicil form

Tax advantages +-

In the UK, inheritance tax is levied at 40% on the portion of your estate over the value of £325,000 (figure correct to 2012-13). The College is a registered charity, number 1137458, and as a result gifts to the College as a legacy are exempt from inheritance tax and can therefore reduce the tax liability of your estate.  From April 2011 if you leave 10% of your net estate to a charity, your Inheritance Tax is reduced from 40% to 36%. For further details see the HMRC website on leaving gifts to a charity in your will and the HMRC website on inheritance tax.

Bequests in the USA are also deductible from your taxable estate and can significantly reduce capital gains an estate taxes.  See the Cambridge in America website for more details.

Types of legacy +-

There are different types of legacy however our brochure focusses on the most common types. We would recommend that you seek legal advice when drawing up your Will:

  • Residuary – This bequeaths all or part of your estate after other legacies, debts, taxes and expenses have been paid. If you express the sum of money as a proportion of your Estate, you may protect your intention from the effects of inflation.
  • Pecuniary – This enables you to give a specific sum of money but the disadvantage is that inflation may erode its value over the years.
  • Specific gift – This enables you to leave to the College a specific personal possession.
  • Reversionary/Life Interest legacy – This enables you to leave assets to the Hall whilst giving someone the benefit of them during his/her lifetime. Your solicitor will be able to advise on the wording.
  • Deed of variation – If you are a beneficiary under a Will, you may wish to consider transferring all or part of your inheritance to the College using a Deed of Variation which will qualify the original bequest for Inheritance Tax exemption. We would recommend you seek legal advice if you wish to give to the College in this way.
  • Life Assurance – A life assurance policy can be taken out with the Hall as a beneficiary. We recommend you seek further advice from an independent financial adviser.
US estate planning +-

Trinity Hall alumni residing in the United States, who wish to make a benefaction to the College, may do so by contacting Cambridge in America (CAm) – the alumni, development and communications center for the American constituents of the University of Cambridge. An outright bequest to CAm is not subject to federal or state estate or inheritance taxes, and the value of your bequest is deductible in determining the value of the estate for tax purposes.

Please visit the Cambridge in America website to find out more about US estate planning.

How legacies have benefitted the College +-

Legacies to the College have helped make a real difference to the College and generations of students. Below are some examples of how legacy gifts have supported the College.

 

“It is now time to return something of the benefit I received to the Hall so that others may participate in the same good fortune. To me, it is the most deserving of causes.”

Clive Thorne (1971, Law)”

 

Mr Gordon Strangeways (1935) gave a legacy to endow the award of scholarships, studentships or bursaries for students at Trinity Hall in the name of Strangeways to commemorate the 6 members of the family who attended the College in 30s and 50s.  This legacy provides several annual awards for students in need.

Mrs Ivy Cooney bequeathed a half share of her estate to Trinity Hall in memory of her son, the late Norman Ellis Craig (1948).  Specifically directed to benefit the Buildings fund, her legacy was used to create the Norman Craig Ellis Room in M Staircase to house the College archives.

The development of new student accommodation at Wychfield was made possible through a generous legacy to the College, from former Fellow Dr Graham Storey OBE (1939).

Recognising your generous support +-

The Nathanael Lloyd Society recognises and thanks all those who have remembered Trinity Hall in their Will. Members of the Society and their guests are invited to regular events in College unless they would prefer to remain anonymous.

The Society was launched in 2009 and we have over 160 members, who have together pledged over £9 million in their Wills to the College.   Sir Nathanael Lloyd was Master of Trinity Hall from 1710-1735 and his generosity was fundamental in improving the fabric of the College.

If you would prefer not to join the Society, please tick the relevant box on our intentions form or by emailing us at yourlegacy@trinhall.cam.ac.uk.

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Final order dates for Christmas delivery: Friday 14 December (UK) | Monday 10 December (Europe and North America) | Friday 30 November (ROW) Dismiss