A legacy gift costs you nothing now, but could mean a great deal to us in the future.
“When I die, I want to use any money left to benefit the people, places and things in life that have inspired, supported and given me so much in so many ways. This isn’t just about giving back; this is about giving forward to enable others to have similar rich experiences. Top of my list is a legacy to HOME, to support a talented young director develop their work.”
Sue Webster, HOME Legacy Donor
By remembering HOME in your will, you will be helping to guarantee that our artistic programme will continue to inspire and challenge audiences and that Manchester’s diverse communities will benefit from the power and value of the arts.
In the UK, legacies to charities are tax-free. This means that the value of any gift to HOME would be deducted from your estate before the calculation of inheritance tax. Your solicitor can advise you on the different ways in which your assets can be distributed and ensure your intentions are expressed in the correct legal terms.
What can I leave in a legacy?
A charitable legacy can be a gift of money or other assets, for example:
- Residuary legacy (a proportion of your estate) – this enables you to donate a percentage of the net value of your estate, or the remaining sum after you have provided for family and friends.
- Pecuniary legacy (a specific sum of money) – a straightforward way to leave a set amount though please note that the actual value of the amount specified will usually depreciate over time due to inflation.
- Donating assets or a specific item – examples include property, stocks and shares, paintings or other valuable items, which can be retained or sold with proceeds used to support the work of HOME.
If you have any questions or would like a confidential discussion about leaving a legacy to HOME, please contact Roisin Joyce, Deputy Director of Development, on 0161 212 3435 or email firstname.lastname@example.org.