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F L O R E AT ISSUE ONE J A N U A RY 2 0 0 8
FLOREAT
A Kenyan Baraza Mark Durston hosted a reunion at the Muthaiga Club in Nairobi during the Easter holidays. A great group of people attended, from OCs who left College last year to gentlemen who left a considerably longer time ago! With several current Kenyan pupils at College we were also delighted to welcome them and their parents. It is understood that Cheltenham has more alumni living in Kenya than any other English public school. So with that in mind we are planning to repeat this event in 2009 when we hope to have a really vibrant and extensive gathering. We welcome your thoughts about the best time of year, best venue and so forth.
Tarka the Trotter!! Further to our article in the Summer 2004 issue, Tarka L’Herpiniere (Boyne 00) has been trekking again this time with partner Kate. The pair completed a colossal unsupported 4300 km journey following the Great Wall of China in March 2007, crossing some of the world’s harshest and varied terrain from towering snow capped mountains to vast frozen plateaus of the Gobi dessert. To their knowledge this expedition is the longest continual trek along the Great Wall of China and with a winter crossing, a spectacularly unique challenge. Tarka is raising money for the Make-A-Wish foundation. If you would like to know more about their amazing feat or wish to make a contribution please look them up at : www.primaljourney.com/charity. Tarka’s dream is to do something that has never been done before, so what’s next?
Hampshire Luncheon ByJohn Balmer After a chance meeting of OCs at the end of the 60’s, an annual gathering in Hampshire was held at the Red Lion Hotel in Salisbury by courtesy of M. Maidment (L’65), and hosted by R Bramwell (B ‘36). The black tie dinner event ran successfully for many years but was eventually replaced by the current Hampshire Luncheon. Started in 1982 by A Greenwood (NH ’35), it was initially held at the Westover Hotel in Milford on Sea but subsequently moved to the South Lawn Hotel nearby which regularly hosts up to 40 or so OCs and partners. Now co-hosted by J Balmer (XT ‘78), this event has continued to attract OC’s from across the south of the country and is possibly the longest running regional event in the OC calendar. A pleasant informal social occasion, even for wives, and a chance to catch up with old friends. Contact John Balmer for more information John@edifis.com 01189 326 020.
OC Hockey Weekend 2007 A gathering of OC Hockey Players met at College for supper on Saturday 3rd February to exchange tactics and catch up on recent news. The following day saw the eighth annual OC v College 1st XI hockey teams battle it out for the OC Hockey Trophy. Everyone enjoyed a good spirited game, however the OCs ‘thrashed!’ the College to retain the Trophy.
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29th September 2007
Supporting Cheltenham College Legators Live Longer
Share and Share Alike
Making a will prompts images of families squabbling over silver spoons and lawyers licking lips. What is more, allocating your hard-earned wealth when you are still in fine fettle may feel like tempting fate. Whatever the objection, everyone thinks making a will is a morbid chore. However research has revealed that people who leave a slice of their estate to a good cause can live longer. It seems the ‘feel good’ factor that comes from doing good beyond the grave actually postpones the fateful day. And that’s without considering the tax benefits!
Donating stocks and shares or property to charity (eg the Cheltenham College Charitable Trust) can potentially save donors more in tax than the assets cost originally! As well as potentially reducing your income tax bill, the concessions mean gifts of stocks and shares are exempt from capital gains tax.
The Cheltenham College Charitable Trust (charity no. 1006429) is exempt from Inheritance Tax which means that any legacy could reduce the tax burden on your estate. Should the value of your estate exceed the inheritance tax threshold you will be liable to inheritance tax at 40%. However, a willed gift to Cheltenham College may reduce that liability and in doing so contribute to the future health of the college.
How it works:
“It takes a brave man to plant a seed for a tree that will some day give shade to people he may never meet”
You can claim income tax relief equal to the market value of the share on the day the gift of shares is made, plus any associated costs such as brokers’ fees. If you are a higher-rate taxpayer and give a charity £1,000 worth of shares, you will be able to claim a reduction of £1,000 in your taxable income when you complete your tax return for the year, reducing your tax bill by £400. No capital gains tax is payable on any increase in the value of the shares. This could mean a further ‘saving’ of up to 40%.
In 2002 The Hugh Reeves David Trueblood Society was set up to honour those who have made provision in their Will for the benefit of College. Since its inauguration we have heard Example from over 200 individuals wishing to become Members Value of shares donated £1,000 by including College in their legacy plans. Income tax relief for higher rate taxpayer £400 This Society is named after perhaps the greatest benefactor in the College’s history. Hugh Reeves (H 18821884) was President of the Cheltonian Society from 19234 and a member of the College Council from 1929 until his death in 1952. Hugh generously bequeathed 15 acres of prime land now known as ‘Reeves’ and also the site on which the boathouse in Tewkesbury currently stands. By leaving a donation to the Cheltenham College Charitable Trust, and becoming a member of the Hugh Reeves Society, you can give a legacy of immeasurable value to future generations who will continue to reap the benefits of a Cheltenham College education thanks to your generosity.
Potential capital gains saving £400 Actual ‘cost’ to the higher rate taxpaying donor £200
Contact us If you would like to discuss a possible gift to College please contact the Development Office on: 01242 265694 or email dev@cheltcoll.gloucs.sch.uk. Our website at www.cheltonianassociation/gifts also has further information and downloadable gift forms.
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