Pass the torch - Legacy Giving at Bristol Grammar School

Legacy Giving at Bristol Grammar School

Our Mission, now and forever: Life changing education through bursaries at BGS

“It’s like the passing of a torch. BGS shapes and supports you so that, one day, you can contribute to others.”

Belnice Nzinga Bursary Award holder, OB 2021, studying medicine at Bristol University

Bristol Grammar School is one of the great ancient schools of the country; great in its tradition and great in the extraordinary opportunities we provide for children.

Our Mission, for the long term, is to continue to provide exceptional education for all children who might benefit, regardless of background and financial means.

Our 500 Campaign was launched in 2021 to raise funds so that by 2032 - the 500th anniversary of our schoolone in four children will have access to life changing education through Bursary Awards.

Bursary Awards (the term we use to recognise ambition and talent in those whose families struggle financially to

“I promise to carry your kindness and generosity with me every step of the way. Your support has not only changed my life but also inspired me to pay it forward and make a positive difference in the lives of others, just as you have done for me.”

Bursary Award holder

meet the cost of fees) have the power to transform lives - not just for our extraordinary Award holders but for their children and their children’s children.

Bursary Award holders also help us to be the exciting, diverse community of learning that we are - full of the most aspirational and hungry minds.

Our Campaign is, in essence, nothing more than turning the clock back to our Direct Grant days, when children from all economic backgrounds were given the opportunity to start their lives at Bristol Grammar School.

Legacies: Creating a permanent endowment

Legacies have, for centuries, proved invaluable to the long-term success of our school. We hope that you might consider leaving a gift to BGS in your will.

These funds will contribute significantly towards a permanent endowment that will ensure the continuation of our Campaign long into the future.

With your support, we will remain a great school, serving our city and changing the lives of countless children who will have the power to change the world.

Jaideep Barot , Headmaster

to support children at BGS Leaving a

We recognise respectfully that choosing to leave a gift to Bristol Grammar School in your will is a private and personal matter.

If, however, you decide to do so, you will not only be supporting children long into the future, you will also be avoiding inheritance tax as donations or gifts to a charity are not subject to this. Also, where a charity donation is equivalent to at least 10% of your estate, any inheritance tax payable elsewhere is reduced to 36% from 40%.

a legacy

INFORMATION ABOUT LEGACIES

There are number of different types of legacy that you can leave to Bristol Grammar School, depending on your circumstances. The most common three are detailed below:

RESIDUARY LEGACY

This legacy leaves all or that part of your estate that is remaining after all other bequests have been made and expenses have been met. This is the safest way to ensure that your legacy retains its value.

PECUNIARY LEGACY

This legacy leaves a specified set sum of money. You can index link the amount to the retail price index to avoid the problems associated with inflation.

SPECIFIC LEGACY

This legacy leaves a specified possession which you gift to the school. This may be in the form of property, valuables, works of art or stocks and shares. Your solicitor will be able to advise you of these in more detail.

PLEASE SEND US A PLEDGE FORM

You will find an enclosed legacy pledge form. This form is not a legal commitment, and you can change your mind in the future. It is a simple way for you to express your wishes and having knowledge of legacies that have been pledged helps us plan for the future. It will also enable the school to thank you properly for you gift during your lifetime.

INFORM YOUR SOLICITOR

If this is your first will, you simply need to ask your solicitor to insert a paragraph in your will detailing your wishes. If you already have a will, you can ask your solicitor to update it by adding a codicil. A codicil form is also enclosed.

CONFIRMATION AND RECOGNITION

Once we have received your pledge form, we will be in touch to confirm details. This is also a good opportunity to discuss how the legacy will be used and how you want the school to recognise your gift.

GETTING ADVICE

Please note that nothing in this leaflet is intended to constitute legal advice. We would strongly advise anyone wishing to make or update a will to seek independent professional advice from a solicitor.

ANY QUESTIONS?

Please contact our Development Director, Nadine Latte directly on 0117 933 9637 or email her nlatte@bgs.bristol.sch.uk

NAMING OPPORTUNITIES

Donors who bequeath money to fund a child through the school, either directly through income or via endowment income in perpetuity, are offered the opportunity to name their Bursary Award. Donors might choose to name the award after themselves, a close family member or a former teacher.

We are also happy to discuss similar naming possibilities for substantial legacies to other aspects of school life.

RECOGNISING YOUR GIFT

Legacies are immensely valuable to the school and we are grateful for every legacy we receive, whatever its value. To recognise the generosity of those who remember BGS in their will during their lifetime, we have established the 1532 Society. All legacy donors are entitled to become members of this Society. Members will receive communication and will be invited to attend our annual Donors’ Lunch held in the Great Hall, together with other special events.

Bristol Grammar School University Road