Legacies have always been part of the distinguished tradition of benefaction which has underpinned the school’s success.
Once you have made provision for family and other loved ones in your will, please consider leaving a legacy to Magdalen College School. All bequests will go towards ensuring that MCS can continue to offer the very best in education to future generations of pupils. You can specify to us how you would like your gift to be used.
The school thanks donors planning to leave a legacy through the Bob Stanier Society, named after former Master (1944-67) Bob Stanier, who played such a formative role in making MCS the school it is today. Through an annual lunch, it gives you a chance to visit MCS and meet OWs, staff, parents and governors who are also planning to support MCS in their will.
The next Bob Stanier Society event is on Thursday 26th March 2020 and will include musical performances by current pupils.
We do understand that circumstances change. You do not need to let us know the value of your planned gift and it will not represent a binding commitment. Your plans will be treated in the strictest confidence. If you are interested, please contact the Director of the Waynflete Office, Susie Baker, to set up a confidential discussion.
Gifts to Magdalen College School are exempt from Inheritance Tax (IHT) in the UK, and there is now a further incentive when you leave 10% or more of your net estate to charity. If you leave charitable gifts in your will that amount to 10% or more of your chargeable net estate, the IHT rate on the whole of your estate will be reduced from 40% to 36%.
The HMRC website also provides an online calculator to help you establish whether a charitable legacy will meet the qualifying criteria. It can be found at: HMRC IHT Calculator
I give the sum of £ _____________ (in figures and words) to Magdalen College School (Registered Charity No. 295785 ). I direct that the receipt of the Bursar for the time being of the School, shall be a sufficient discharge to my executors.
I give the whole (or a _______________ share)* of the residue of my estate to Magdalen College School (Registered Charity No. 295785). I direct that the receipt of the Bursar for the time being of the School, shall be a sufficient discharge to my executors.
Adding to your will
If you have already made a Will but would like to add a bequest to Magdalen College School, you may wish to add a Codicil to your Will which is signed and witnessed in the same way as your original Will.
This is a simple form which requires two witnesses.
Including a legacy in your Will, or adding a Codicil is a simple matter, although we do strongly advise that you take professional legal advice.
To find out about other methods of giving in your will, such as gifts of shares, please contact the Senior Development Manager, Shona Nicholson.
Advice to executors
If you are the executor of a Will which includes a bequest to Magdalen College School, please do get in touch with Shona Nicholson so that the school can help yo supply you with any information you need. We encourage the families of those whose relative have left a gift to attend the annual lunch of the Bob Stanier Society. The next occasion is on Thursday 26th March 2020.