Leave a legacy
Legacy gifts have always played an important part at Marlborough. These are deeply personal donations and have provided bursaries, restored historic buildings, and funded sports. A gift to Marlborough in your will plays a significant role in shaping our school and to recognise your generosity, you’ll be invited to join the 1843 Society.
Whether you have decided to leave a gift in your will or would like more information about legacy giving, we would love to hear from you. You can find more information in the drop-downs below or please contact the Development Office.
What is the 1843 society?
Anyone who has pledged a legacy gift to Marlborough is welcome to join the 1843 society. Every year, members are invited to special events at the College hosted by the Master and the 1843 society president, Rupert Mullins (CO 1967-70). Rupert is happy to have an informal conversation about leaving a legacy to Marlborough and the activities of the 1843 Society.
To become a member, please let us know that you have left a gift in your will. You are also very welcome to attend an event, without committal, to find out more about how your gift, no matter the size, can really make a positive difference to the future of your school. We look forward to welcoming you as a member of the 1843 society and joining us at the next event.
How can making a bequest to charity reduce your inheritance tax?
All UK legacies made to the Marlborough College Foundation from your taxable estate are exempt from Inheritance tax (IHT) because the Foundation is a registered charity. In addition, if you leave a minimum of 10% of your net taxable estate[1] to charity, current legislation reduces the IHT rate to 36%, reducing the effective tax rate to 32.4% [2] rather than 40%. On this basis other beneficiaries will receive only 2.4% less than if no gift was made to charity. Your solicitor will be able to advise you further. Please read our tax-effective legacy document for more details and to see our legal disclaimer.
[1] The net taxable estate is calculated after all factors such as reliefs, exemptions, Nil Rate Bands (NRB) and unexpired Potentially Exempt Transfers (PET).
[2] Before application of any other exemptions or reliefs
To which area should I leave my gift?
Most people leave their legacy gifts for ‘the general charitable purposes’ of the College. This means that the donation can be used for the areas of greatest need.
You can also leave a gift for a specific purpose or for a particular fundraising priority or fund. If you would like to leave a specific gift, please let us know so that we can ensure that we are able to accommodate your wishes.
What details do I need to be included in a will?
The important information that you will need when writing your will is:
- Charity Name: Marlborough College Foundation
- Charity Number: Registered Charity 1061798
