The College welcomes gifts by bequest, of any sum, to support any aspect of its life and work.
St Catharine’s especially welcomes money left for its general College purposes, to be applied wherever need is greatest. Such generosity enables the College to command its own resources as needs and opportunities, hidden from sight now, may demand. But whatever your wishes, you can be sure that the needs will not diminish, and nor will the College's gratitude for any assistance which you are able to offer. If you would like to support a particular cause, we suggest getting in contact with the Alumni and Development Office to discuss your preferences.
Tax benefits for the legator
At present many estates, will incur Inheritance Tax (IHT) on their net value – that is, on the amount of the estate remaining after the payment of debts and fees, and the deduction of bequests to a spouse or to a charity or other exempt organisation.
St Catharine’s College is a charity (registered number 1137463) and legacies to charities are exempt from Inheritance Tax, making it possible to lower your Inheritance Tax liability (see examples here).
If 10% or more of the net value of an estate is left to charity
A reduced rate of Inheritance Tax applies where 10% or more of a net estate (after deducting Inheritance Tax exemptions, reliefs and the nil rate band) is left to charity. In those cases the current 40% rate is reduced to 36%.