Leave a Gift in your Will
Family and friends are of course the people at the front of your mind when it comes to writing a will, but you may also wish to consider a gift to a charity close to your heart, such as the Royal Northern College of Music (Registered Charity no. 504948)
By leaving a gift in your will you can help give our talented students the best possible chance to pursue a successful career in music.
How does your gift in will help musicians of the future?
Your gift could help to fund:
- Scholarships and bursaries for students
- Health and wellbeing support
- Outreach and community work
- Masterclasses with world class tutors
- Purchase of musical instruments
Leaving a gift in your will is a way of giving something without a cost to you during your lifetime, a way of leaving something that will be appreciated by future generations of students. Leaving a gift in your will to the RNCM, to be used where it is needed most, provides the College with the possibility and flexibility to respond to the most urgent needs of our students. Alternatively you may wish to leave a gift specifically to the Student Awards Fund. We receive gifts in wills of all sizes and we would be delighted to hear from you to discuss support for the area that would mean most to you.
As a registered charity, the RNCM pays no tax on gifts in wills. Any gift in will you leave to the College is exempt from inheritance tax and may reduce the inheritance tax payable on your estate.
How to leave a gift in your will
There are various ways to leave a gift in your will and it is advisable to discuss the options with a solicitor or financial advisor. A couple of options include:
- Giving a proportion of your estate (residuary gift): all or part of what is left of your estate after all other gifts, debts and other charges have been met
- Giving a specific sum of money (pecuniary gift)
Leaving a gift in your will is easy to do and using a solicitor or financial advisor when updating or making a new will reduces the risk of any future legal complications. In order to ensure your intentions are best honoured we would recommend you leave the wording as open as you feel able. In case this is helpful we have included some suggested wording below:
I give to the Royal Northern College of Music (504948), 124 Oxford Road, Manchester, M13 9RD (“the Charity”) the sum of £___ /or ___% of my estate. I express the wish (but without imposing any legal obligation) that the money be used for student support. I declare that the receipt of the Finance Director or other appropriate officer for the time being of the Charity shall be a full and sufficient discharge to my Executors.
There is no obligation to inform the College of your intention however it is helpful if we are aware of potential legacy gifts to support our students and we’d be delighted to keep you informed of our work and plans for the future. All our legators are invited to an annual drinks reception, a festive opportunity for us to thank you personally and for you to hear our students perform.
If you have written a will
If you have already written your will and want to add a gift to the RNCM, you do not need to re-write your will, you can simply complete a codicil to add a gift with the advice of a solicitor. Please click here to request a codicil via email or contact Petra van den Houten on 0161 9075338.