Leaving your legacy at Jesus

Giving through your Will is an af fordable way of suppor ting the charities of your choice Once you have provided for your loved ones, leaving a charitable legacy is such a meaningful way to contribute to the causes that are impor tant to you. If Jesus College has had an impact on your life, please consider giving back through your Will.

Why do I need a Will?

Having a Will gives you control over what happens to your assets and family Many people leave it too late in life: you should write your Will when you buy your first house, or have a child A Will can reduce the impact of Inheritance Tax, and makes sure your money goes to the people and charities you care most about. You should seek legal advice when making or revising your Will.

Can I specify how I want my legacy to be used?

34% of donation income in the last five years was from legacy gifts

Yes Legacies can be directed to specific aspects of the College, in suppor t of our core mission of providing an environment for the pursuit of education, learning and research at the highest levels of excellence It is best to describe your preferences broadly, and make your gift subject to an expression of wish, rather than a binding obligation. Please contact Development and Alumni Relations to discuss how you would like your legacy to be used, to ensure the College is able to administer your gift according to your wishes.

Contributions marked ‘for general purposes ’ are par ticularly beneficial, as they allow the College to respond to changing needs in years to come Unrestricted legacies are usually added to the permanent capital of the College, meaning your gift could impact the lives of generations of Jesuans

Does leaving a legacy to Jesus affect my tax position?

As a registered charity (1137462), a bequest to Jesus College is deducted from the net value of your Estate before Inheritance Tax is calculated In addition, if you leave at least 10% of your net Estate to charity, the rate of Inheritance Tax on the remainder of your taxable Estate is reduced from 40% to 36%

Suggested wording for a Will or Codicil

I give to the Master, Fellows and Scholars of Jesus College in the University of Cambridge (registered charity number 1137462) the residue / [a propor tion] of the residue of my estate / the sum of £[amount] free of tax for the general purposes of the College and I declare that the receipt of the Bursar or other authorised of ficer for the time being of the College shall be a good and suf ficient discharge to my Executors.

The 1496 Society

If you have left a legacy gift to Jesus, you are warmly welcomed to join the 1496 Society. Named after the year the College was founded, the 1496 Society honours and acknowledges the many generous donors who recognise the impor tance of Jesus College’s mission with a gift in their Will 1496 Society membership benefits include a letter of thanks from the Master, a special membership pin, and invitations to an annual lunch exclusively for those who have left a legacy, as well as the annual Donors’ Garden Par ty. Jesus College was built on legacy gifts, and they remain vitally impor tant today

We are ver y grateful to the 184 members and friends of the College who have chosen to remember Jesus in their Will.

To discuss leaving your legacy at Jesus, contact Maisy Smyth in the Development and Alumni Relations Of fice development@jesus.cam.ac.uk or +44 (0)1223 339301.