More ways to give!
Wills, Bequests and Planned Gifts
Bequests and planned gifts are charitable contributions and, as such, result in tax and financial benefits to the donor. The extent of your benefits will depend on the manner in which your gift is made.
Outlined below are ways in which you can make a gift to St Wilfrid’s Centre that may help you minimise estate taxes or enable you to pass assets to your heirs at greatly reduced transfer costs.
A bequest is the most common method of planned giving and enables you to distribute assets to individuals and charitable organizations in the amounts or proportions you indicate. An estate gift also provides the following benefits:
- The opportunity to make a major gift while preserving assets during a lifetime.
- Reduction in inheritance tax liability on your estate
Leaving a gift in your Will really is a wonderful way to ensure that St Wilfrid’s Centre can continue to carry on its vital work and is one of the most significant ways that you can support us. It can also be a valuable way of reducing inheritance tax liability on your estate, as legacies to a registered charity are tax-free.
Gifts left in a Will, whatever their size really do make a big difference. Only with the support of such individuals can we plan ahead to continue our vital work and protect future generations from the misery of homelessness and Social exclusion.
FORM OF BEQUEST BY WILL:
For the guidance of friends who may desire to make bequests for the general work of St Wilfrid’s Centre, the following form of bequest is suggested:
I GIVE AND BEQUEATH to the Treasurer for the time being of St Wilfrid’s Centre, Queen’s Road, S2 4DT registered charity no: 512021- Diocese of Hallam, for the use of the said St Wilfrid’s Centre the legacy or sum of £.................. (free of duty) and direct the said last mentioned legacy or sum to be paid within twelve months of my decease from the proceeds of my real and personal estate, but primarily out of my personal estate, and the receipt of the Treasurer shall be sufficient discharge to my executors.
NOTE: The Mortmain and Charitable Users Act, 1981, enables testators to give by Will for the benefit of any charitable use not only pecuniary Legacies, but also tenements and hereditaments of any tenure. The Will must be signed by the testator at the foot or end thereof in the presence of two independent witnesses, who must sign their names, and addresses and occupations, at the same time, in their presence and the presence of each other.
A gift of life insurance is a simple way to make a legacy gift. You may choose to name a charity as the beneficiary of all or a portion of a life insurance policy. A charity can also be named as the alternate or final beneficiary. At your death, all proceeds would pass immediately to the named charitable organizations. Policies originally intended to protect a spouse, child or even complete a mortgage payment may no longer be necessary. Consider how these policies may be used to help fulfil other needs or causes.
For additional information on how to make a planned gift, please contact Helen Lowry by email:- email@example.com Telephone on 0044 (0)114 2555720
The above information is not intended as legal or financial advice.Please consult your personal advisors for the applicability of these principles to your own situation.
Matching Gifts and Workplace Giving
If you are making a donation to St Wilfrid’s Centre, your employer may be willing to double your gift's impact. Many companies have programs in place to match their employees' charitable donations. Some may even make a financial contribution based on your volunteer service.
Many work places also offer the opportunity to make a donation to St Wilfrid’s Centre through a simple payroll deduction.
What are the benefits for companies in promoting a payroll giving scheme? Running a payroll giving scheme is good for business. Payroll giving...
- shows that a company is committed to working in partnership with the community - an increasingly important issue for all an organisation's stakeholders
- helps build better employee relations
- acts as a recruitment tool - charity links attract good quality applicants
- is easy and inexpensive to run
Payroll Giving is a unique way for people to give to charity. By having their donations come straight from their gross pay before tax, employees effectively increase the value of their contributions. So it means more money for charity, at less cost for them.
With payroll giving, any administrative costs can be deducted from company profits for tax purposes.
For a company to offer payroll giving to its employees, it must (by law) be contracted to a charity agency. To find out how to do this, visit the Inland Revenue's site. It gives details of all the registered charity agencies in the UK, plus step by step set-up instructions.
Your school, college or University can show that you really do care by raising money and organising events and clothing drives for some of the world's poorest people. Here in this country...
Charity of the Year
By adopting St Wilfrid’s Centre as your Charity of the Year, you could make a big difference to our work. We can offer you all the support you need for a really successful year and a fundraising total to be proud of!
The St Wilfrid’s Centre wants people to raise money in whatever way they like. Some people do fundraising like bake the cakes sale, family fun days, readathons, and give St Wilfrid’s the money that they've saved. Others work with the whole school, and involve parents/carers in different ways, for example:
- Sponsored Silence - ask your parents to sponsor you to be silent for a set length of time – they'll love it!
- Organise a sponsored swim, a period of silence or a treasure hunt around the school
- Own clothes day
- Pay a pound and wear your own clothes to school for the day
- Wear your pyjamas to School, College or University Day
- Have a Hippie Dressing up Day- Teachers Too!
- Bad hair day
- Pay £2 to be able to wear your hair in any style you want for the day
Get involved and help St Wilfrid’s Centre to make a difference. Remember - whatever you do, have FUN!!