Leave a legacy to help secure Chapter’s future. In the first instance you should contact a solicitor for advice. With professional advice you can help a charity by leaving them a tax-free legacy in your will. All charitable donations are taken from the value of your estate before the calculation of inheritance tax (IHT), thereby reducing the IHT liability. IHT is payable on estates worth over £325,000 and is currently set at 40% (reduced to 36% if at least 10% is left to charity).
There are three different types of legacies:
- A pecuniary legacy is a gift of a fixed sum of money. There is no minimum amount that can be left.
- A residuary legacy is a gift of the whole or a share of whatever remains of your estate after all other gifts have been distributed and any debts paid off.
- A specific gift is a tangible item such as a house, piece of jewellery or a work of art.
A solicitor can advise as to the best solution for your circumstances.
If you have already mentioned Chapter in your will, please let us know so that we can recognise your donation in the most appropriate way.
Why leave a legacy to Chapter?
Chapter is a registered charity and a nationally significant multi-platform arts venue which supports creative voices through production, presentation and education. Chapter is for all. It is entrepreneurial, collaborative, resilient, social and ambitious for Wales and for the artists with whom we work.
We have a particularly strong reputation for providing a safe and welcoming environment for families and communities and almost 800,000 people come through our doors every year.
As a charity, legacies can form an important source of income for us. We are generously funded by the Arts Council of Wales, but still have to raise a large proportion of our income each year. Please help us to safeguard Chapter for future generations.
If you have already made a will, you can still help Chapter by adding a codicil (an official alteration) to your will. Again, we would recommend that you seek legal advice before doing so.
For more information, please contact Elaina Johnson on 029 2035 5662 / firstname.lastname@example.org.