When the High School became an independent school in 1976, the Governors were determined to provide the means for as many pupils of ability as possible to attend the School, whatever their family’s financial circumstances. They created the High School of Glasgow Educational Trust with the intention of providing bursaries to support school fee payments.
We would like to invite you to become part of our vision by helping us to grow our endowment fund. This would give us the financial security to allow us to continue to offer places to talented but less financially fortunate young people. One way to achieve this is to leave a legacy to the School which will give a young person the opportunity to experience a High School education.
Information about the types of legacy you may wish to consider
The School recognises that leaving a bequest in your Will is very personal and that, first and foremost, you will want to make sure you provide for your family. However, it is possible to make provision for those closest to you as well as benefiting the High School.
There are several ways you may wish to consider leaving a gift in your Will:
A residuary legacy is a gift of all, a percentage of, or a share of your estate after expenses, pecuniary and specific bequests. The benefit of residuary legacies is that the value is not affected by inflation as there is no fixed sum. As the value of your estate increases, so will the value of your legacy.
A pecuniary legacy allows you to gift a fixed sum of money which can be index-linked to safeguard its future value.
This legacy allows you to leave a gift to family and friends during their lifetime. Upon their death, the legacy would then revert to the High School.
You can gift property, antiques or stocks and shares to the School as a gift in kind.
If you are a US taxpayer, gifts to Friends of the High School of Glasgow, a 501(c)(3) non-profit corporation, are 100% deductible from your taxable estate.
The High School of Glasgow Educational Trust (SC004394) is a registered Scottish charity. By giving a gift to us, you can help to reduce your inheritance tax liability as any bequest to a charity is deducted from the value of the estate before inheritance tax liability is calculated. A reduced rate of inheritance tax of 36% is applied to estates where at least 10% of the net value is given to charity.
If you have already made your Will but wish to include the School in your inheritance planning, you can use the enclosed codicil to make any alterations.
Professional legal advice is always recommended when you are drawing up or changing your Will.
If you would like more information on legacy giving, please contact the Development Director, Karen McDonald.