legacy giving

how to make a legacy gift in your will

theatre works! is a registered charity (no. 1193084), which means that your legacy gift will be exempt from UK Inheritance Tax. 

Unless a different wish is expressed, all legacy gifts to theatre works! are directed to our core fund which provides theatre and related educational experiences to children and young people who might not normally have access to the theatre.

In addition, if you decide to leave at least 10% of your estate to charity, the Inheritance Tax rate on the rest of your estate may reduce from 40% to 36%. If you would like to know more about this, we recommend that you contact a Tax Accountant for advice.

Should you decide to make a gift to theatre works! you can choose to leave either:

  • a share of your residuary estate (known as a residual legacy); or

  • a specified sum of money (known as a pecuniary legacy).

Your residuary estate is what remains in your estate after the payment of debts, funeral expenses, the costs of administration, Inheritance Tax and pecuniary legacies.

suggested wording for your will

residual legacy (gift of residuary estate)

I give [my residuary estate][a share of (please state fraction/ percentage in figures and words) my residuary estate] to THEATRE WORKS c/o Beaver House, 23-38 Hythe Bridge Street, Oxford, OX1 2EP, (Registered Charity Number 1193084) which is to be applied for the general purposes of THEATRE WORKS.

pecuniary legacy (gift of money)

I give to THEATRE WORKS c/o Beaver House, 23-38 Hythe Bridge Street, Oxford, OX1 2EP, (Registered Charity Number 1193084) free of all taxes and death duties the sum of [amount (in figures and words)], absolutely which is to be applied for the general purposes of THEATRE WORKS.

The above wording is a suggestion only and we strongly recommend using a STEP qualified lawyer to make a new Will or amend an existing Will to ensure it is legally valid and your wishes are recorded properly. Please see the following link for the STEP Members Directory to help you find a STEP qualified lawyer: https://www.step.org/directory/members 

USA legacy givers

For US legacy givers we are able to provide some sample language you may use for any gifts in your Will to be made to theatre works!:

 

·      ‘I give, devise and bequeath [_______dollars OR ______ percent of my estate] to the Chapel & York US Foundation, Inc., a 501(c)(3) a Tax-Exempt Organization, EIN 81-2161937, for theatre works! for its general purposes. However, in the unlikely event that Chapel & York US Foundation, Inc. is no longer a 501(c)(3) Tax-Exempt Organization then to theatre works!, Registered Charity Number 119384, for its general purposes.’

 

OR

 

·      ‘I give, devise and bequeath [the residue of my estate OR ______ percent of the residue of my estate] to the Chapel & York US Foundation, Inc., a 501(c)(3) a Tax-Exempt Organization, EIN 81-2161937, for theatre works! for its general purposes. However, in the unlikely event that Chapel & York US Foundation, Inc. is no longer a 501(c)(3) Tax-Exempt Organization then to theatre works!, Registered Charity Number 119384, for its general purposes.’

contact us

To find out more about remembering theatre works! in your will, please contact info@theatreworks.global.com.