Just as a Will brings security to your family’s future, a legacy to Framlingham College will secure the future of the school, providing our pupils with up-to-date equipment and modern facilities, enabling them to benefit from a first-class education. In addition to which our ability to grow our endowment fund will provide greater opportunities for transformational bursaries for young ambitious minds irrespective of background, geography or financial means.
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If you are thinking about making a legacy or have already made one and would like to know more, please feel free to contact Andrew Cook, Director of Development, on 01728 723789 or via email acook@framlinghamcollege.co.uk. A bequest to Framlingham College can be tailored to suit your own personal vision, with a variety of options available to consider, as outlined below:
Pecuniary: A gift of a fixed sum of money set out in a Will. The value of a pecuniary gift will decrease over time, as the cost-of-living increases.
Residuary: A gift of the residue (or share of the residue) of an estate. The residue being what is left after other legacies, debts, funeral expenses, certain other costs and tax, have been deducted.
Specific: A gift of a particular nature that could be used by the school or sold for proceeds. For example, a piece of jewellery, furniture, a painting, buildings, land, house contents, chattels or shares.
Contingent: A gift that is dependent upon the occurrence of an event which may or may not happen, such as a gift to which applies only if other beneficiaries named in a Will die before the individual dies.
Reversionary: Either a pecuniary, residuary or specific gift, that is left to another beneficiary in the first instance, but will revert to the school absolutely, usually after the initial beneficiary has passed away. This is a common type of gift that couples or parents often consider, where a gift is set up as a Will Trust.
Past legacies have had a huge impact on the school. Recent examples include the 2006 refurbishment of the Athlone Hall, creating the impressive Headmaster Porter Theatre within, and the 2017 refurbishment and extension of the old pavilion to create the outstanding Fowler Pavilion. Whilst our ambition is to continue to develop our campus and facilities at Framlingham, we must also look to creating a sustainable endowment fund to support life changing transformational bursaries, to nurture those without means, but who possess the necessary qualities to become future leaders and positive influencers in society.
Remembering Framlingham College in your Will provides an opportunity to:
Be a meaningful part of a child’s success who would otherwise be unable to experience a Framlingham College education.
Achieve more benefit to others, than might have been possible during your lifetime.
Reduce inheritance tax on your estate.
Become a member of the 1864 Society, benefits include:
An annual 1864 Club lunch
Your name on our 1864 Club roll of honour
A special welcome gift
Free access to school concerts
As a registered charity (Charity No.1114383), all bequests to Framlingham College are currently exempt from UK inheritance and CGT. If you leave gifts to charity in your Will, the gift value won’t be counted towards inheritance tax, this could therefore reduce the amount your beneficiaries have to pay or remove your inheritance tax liability altogether. In April 2012, inheritance tax legislation changed, meaning in some situations, anyone leaving 10% of more of their taxable estate to charity may qualify for a reduced rate of inheritance tax from 40% to 36%.
We already know several people who intend to leave us substantial legacies. They are now members of our prestigious benefactors’ club, the 1864 Club, and are actively engaged and interested in the College’s work. They are helping shape our future, and you can too.
Andrew Cook Director of Development
The Impact
Together, with your support, we can transform young people’s lives and help them create their own story.
"I have just retired at 75, and anything I have achieved in life I owe to the start I was given at Framlingham College and I have been happy to do what I can to repay that debt."
Jim Butchart
Old Framlinghamian
"We have done something very special for all those young people to help turn them into the outstanding individuals they are at 25, 30 and, no doubt, for life and this is what makes the whole College such a fine place."
Andrew Fane OBE
Former Chair of Governors, Framlingham College
"For six years, in many respects, Framlingham was my home and the academic grounding there, the all-round education and most importantly the sport had a huge influence on the rest of my life. For this I am forever thankful."
Norman Mayhew
Old Framlinghamian
"We entreat the College to continue the educate broadly, care tenderly, and send out well-rounded, good citizens into the world, and we need to support that effort wherever possible."
* Please save this form to your computer. You can either print this form and return via post, or attach the form to an email and return to Andrew Cook – acook@framlinghamcollege.co.uk.
