A
gift in your will
Many members of Clare
may wish to give financial support to their College, but are
prevented from doing so by everyday commitments. Leaving a
gift in your will is something that anyone, young or old,
can do, and it can be done quickly and at little cost.
The majority of
gifts which the College receives through legacies go towards
endowing specific areas of expenditure, such as bursaries,
prizes or studentships. The amounts do not have to be large,
and the different mechanisms of giving can ensure that family
and friends are provided for as well as the College. Clare's
charitable status means that gifts to the College are exempt
from Inheritance Tax, and any legacy you bequeath to Clare
may also reduce the overall tax liability due on your estate.
Whether you give £3,000
to endow a named prize to reward academic achievement, £30,000
to endow a student bursary, or £300,000 to endow singing
lessons for members of the world-famous Clare Choir, your
gift counts.
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