A gift for the future
Thank you for your interest in EIL and for taking the time to learn about how a gift in your will could make a difference to our future. As a small charity however large or small the gift; your support can make a real difference.
This page explains how to support EIL by leaving a gift in your will. After reading it you may have some more specific questions, and we invite you to talk these through informally with our Chief Executive on 01684 562577 who is always on hand to offer support. As well as the knowledge that you will be helping the future of EIL, there are other benefits to leaving a gift in this way. If you leave a gift to EIL in your will it will be exempt from inheritance tax. It is also a way of supporting EIL that will not affect your bank balance now.
Thank you for your support
Writing a will
The facts that you need to know and the legal jargon explained
Giving a portion of your estate Decide first how much of your estate you wish to leave to family and friends and you may then choose to leave EIL the remainder. This is known as a residuary gift.
Suggested wording for a residuary gift: “I give ____% of my residuary estate to EIL UK, 17 Graham Road, Malvern, Worcestershire, WR14 2HR (Charity registration number 1070440) for its general purposes and that the receipt of the Treasurer shall be a good and sufficient discharge to my Executors.”
Leaving a sum of money
A monetary or pecuniary gift leaves a specified sum of money. Furthermore this money can be ‘index-linked’ so that its value is not eroded by inflation. For further details on ‘index-linked’ gifts, contact your solicitor.
Suggested wording for a pecuniary gift: “I bequeath free of all taxes to EIL UK, 17 Graham Road, Malvern, Worcestershire, WR14 2HR (Charity registration number 1070440) for its general purposes the sum of £____, the receipt of the Treasurer for the time being of the said charity to be a good and sufficient discharge to my Executors for the said sum.”
Amending a current will
You do not have to rewrite an existing will if you would like to add a gift to EIL. This can be done by adding a supplement known as a codicil to your existing Will and acts as an addition or amendment to this document. For further information or if you wish to change your will substantially, please contact your solicitor.
Giving a specific gift
Occasionally people wish to leave us a specific asset from their estate. This specific or non-monetary bequest might be shares, the proceeds from the sale of a property, or a collection of books or pictures, left on the terms that they be retained or that they may be sold when advantageous to provide funds for EIL. If you are thinking of leaving us a specific bequest please contact us so that we can discuss what you have in mind.
Suggested wording for a specific bequest: “I give _____ to EIL UK, 17 Graham Road, Malvern, Worcestershire, WR14 2HR (Charity registration number 1070440) and declare that the receipt of the Treasurer for the time being of the said Society to be a good and sufficient discharge to my Executors.”
Defining how a gift is used
You can say in your will that you would like to leave it up to EIL how to use your legacy. These valuable unrestricted gifts allow us to put the money where it is most needed. Alternatively, you can target your gift towards an area of the EIL’s work which is of particular interest to you.
Sharing your plans with us
If you are contemplating leaving a gift to EIL in your will we would truly appreciate learning of your intention. This is both to ensure that your requests are met as fully as possible and to allow us the opportunity to say thank you.