Support your School
We are always grateful to the School community for their generosity and support.
Over the years, your donations have helped build new facilities for the pupils which include: a New Sports Hall, Music School, Sixth Form Centre and state-of-the-art Performing Arts Building named the Arundel Building.
As a registered charity (number 312766), Channing School is able to accept donations in many ways.
You can also donate through Gift Aid. This is a scheme which enables registered charities to reclaim tax on a donation made by a UK taxpayer. Donating through Gift Aid means the school can claim an extra 25p for every £1 you give. It won’t cost you any extra.
All correspondence is treated confidentially, unless otherwise requested, and all gifts formally acknowledged within five working days. Thank you in advance for making a difference.
For more information, please contact Miss Jade Francis, Alumnae & Development Manager on 02083402328 or 07725811191, or email email@example.com
Ways to give to Channing
Our alumni and friends who are based in the USA are encouraged to make a gift to the British Schools and Universities Foundation (BSUF), stating a preference for Channing School.
The BSUF is a charitable organisation recognised by the U.S. Internal Revenue Service under Section 501 (c)(3) of their Codes. The BSUF’s Federal ID Number is 13-616-1189. Since its creation the BSUF has served as a catalyst for tax efficient funding by United States taxpayers of educational, literary and scientific institutions in the UK.
U.S. taxpayers may claim an income tax deduction for a gift to a 501(c)(3) charitable foundation, such as BSUF, but direct gifts to a foreign charitable organisation do not qualify. Therefore we will acknowledge every gift as a ‘grant from the British Schools and Universities Foundation, made possible by a generous donation from [the original donor’s name]’
Gifts to the BSUF can be made via:
- Online credit card donation
- Legacy Gifts
Every time you make a gift to the BSUF they will immediately send us an email message notifying us of your gift (including the amount) so we can promptly thank you for your generosity. BSUF will disburse the full amount of its grants (made up of individual donations received for the University) to us on a quarterly basis.
For more information on the BSUF, visit their website.
Giving A Legacy Gift to BSUF for Channing School
A provision may be made in your Will or Trust bequeathing money to BSUF, stating a preference to Channing School. The wording suggested below is intended only as a provision in a full Will or Trust containing all appropriate articles.
I bequeath the sum of _____________ dollars to British Schools and Universities Foundation, Inc. a charitable organisation under section 501(c)(3) of the US Internal Revenue Service code, and incorporated at 575 Madison Avenue, Suite 1006, New York, NY 10022-2511. Further, I express a preference that the Foundation consider granting aid to Channing School, The Bank, Highgate, London, N6 5HF, to be directed towards ______[insert how you would like your gift to be used]
Please contact Miss Jade Francis, Alumnae & Development Manager, at firstname.lastname@example.org if you would like to speak to us about your legacy gift.
Giving to the BSUF Via Credit Card
Our alumni and friends are encouraged to make a gift to the British Schools and Universities Foundation (BSUF), stating a preference for Channing School by making an online credit card donation using the Network For Good. For your information Network For Good will charge BSUF 3% for each credit card donation, this will be deducted from your donation.
To make a gift in this way please follow this link.
Please ensure that you enter ‘Channing School’ and the area you wish for your donation to support (i.e. Channing School, Capital Challenge) when prompted. Please click on the links below to find out more about the areas your donation can support:
- Capital Challenge Appeal
Please note: Donor preferences are respected by the BSUF but all grants are made at its sole discretion, as required by the IRS.
You can also support Channing by leaving funds or gifts through a legacy to the school.
As a registered charity, we are always grateful for financial gifts from those who would like to make a contribution to what they feel inspired their own or their children’s time at Channing. We could not have achieved so much or become what we are now without the help of our alumnae, friends and supporters.
By leaving a legacy to Channing you will make a difference to the lives of young people for generations to come.
It is simple to leave a legacy to Channing; it can be included in your Will, or if you have already made a Will, you can make a simple addition to it by codicil.
By choosing to support resources, buildings or pupils your contribution will make a real difference in ensuring Channing continues to be a beacon of educational excellence for generations to come.
For more information please see the details below. For a confidential discussion, please contact Miss Jade Francis, Alumnae and Development Manager, on 020 8340 2328 or email: email@example.com.
Bursaries – Support for pupils who would not otherwise be able to attend Channing
Many Channing pupils, past and present, have been assisted by the Bursary fund. However, the funds available are never enough to meet the demand and Channing would like to be in a position to be able to support more pupils.
Bursaries are available to all pupils joining the Senior School and are assessed by a review of demonstrable financial need. A Bursary can vary in size according to circumstances and may be as high as 100% of fees. Bursaries are awarded according to need and are dependent upon the funds.
By making a contribution to the Bursary fund you will be directly supporting pupils who would not otherwise be able to attend Channing.
Channing dos not have the benefit of an endowment unlike many other independent schools and we dearly hope that the Channing family will join us in supporting the Bursary fund and thus future generations of Channing pupils.
Channing has always been fortunate to occupy landmark buildings in Highgate. However, we are always investing to improve facilities and resources for the pupils.
By leaving a Legacy to Channing to support resources, buildings or pupils your contribution will make a real difference in ensuring Channing continues to be a beacon of educational excellence for generations to come.
What are the different types of legacies?
There are four main types of legacy, briefly outlined below. Your legal adviser will be able to give you more detailed advice.
A gift of money – Pecuniary Legacy
This is a simple legacy of a specified sum of money. You can make this type of gift inflation proof. According to the Office for National Statistics, a gift of £1,000 written in a Will in January 1987 was worth only £469 by December 2008. You can maintain the value of your legacy by linking it to the Retail Price Index or setting aside a percentage of your estate for Channing.
The residue of your estate – Residuary Legacy
The residue of your estate is the value remaining once all Pecuniary Legacies, debts, fees and other charges have been met. You may decide to leave the whole or a percentage of the residue to Channing. It is more flexible than a Pecuniary Legacy, in that you need neither quantify the sum to be left nor take inflation into account when you draw up the Will.
Gifts in kind – Specific Legacy
A legacy need not be in the form of money. You can leave specific assets such as property, stocks and shares, works of art or other valuables.
This is a legacy which is given in trust to provide for someone for the rest of their lifetime, following which it passes to the charity. For example, you can leave the income from your estate (or the right to live in a house) to your spouse or other named beneficiary. They will have the benefit of this during their lifetime, and following their death, the assets will pass to Channing.
Legal and Tax Issues
What should I say in my Will?
If you wish, we can help you before you visit your legal adviser or you could simply show your legal adviser this information and tell him or her what you think you want for your Will.
Of course, we cannot write your Will, but we can expand upon information provided to try to ensure that your legacy meets your wishes.
The specific wording for each type of legacy varies but whatever the form of gift, the preferred wording to include is “…to Channing School (Registered Charity No. 312766) for its general purposes.The receipt of the Bursar of the School shall be a good discharge to my executors”.
Once you have made your Will, it is vital that you review it regularly, ensuring it reflects any changes to your, or to outside circumstances. Minor changes can be easily made by a Codicil with the assistance of your legal adviser; more major changes may require a new Will, e.g. marriage, divorce, going to live in a new country or a significant change in your personal finances.
To put it very simply, inheritance tax at 40% is usually payable following your death once your estate exceeds a certain amount unless it passes to your spouse or it passes to a charity.
Channing is a registered charity – Channing School, Registered Charity No. 312766
There will be no inheritance tax on legacies you leave to Channing. They will reduce the value of your estate liable to inheritance tax.
You may choose to bring forward your legacy and to make lifetime gifts so that you can see the benefits during your lifetime. Again, because Channing is a registered charity, it would not pay tax on a lifetime donation and you should be able to offset the donation against your own taxable income or gains.
Can I say how the money should be spent?
A gift or legacy designated for the general purposes of Channing is the useful type of gift as it enables Channing to be flexible in its response to changing circumstances and to meet the most pressing needs at the time.
Legacies for specific purposes are of course also very welcome and you can specify what you would like the legacy to be used for. You may wish to support scholarships or bursaries or to help finance building developments, equipment or facilities for pupils.
As the needs of the School change over time, it is often preferable to avoid stipulating a very specific purpose but to express a non-binding preference which Channing will try to abide by if at all possible. Alternatively, you could provide in your Will that if the specific purpose cannot be implemented, Channing may use the legacy in a similar area or where there is other urgent need.
Response Form and Declaration
On the last sheet in this pack you will find a response form. It would help us greatly if you could complete and send this to us. By doing so, we are able to thank you for your kindness and it will help us:-
- To fully understand your wishes
- To check your specific purposes are feasible
- To keep you fully informed about Channing’s future plans and developments
- To keep you up to date with changes in relevant tax laws and other issues affecting Channing
- To recognise and thank you for making provision for Channing in your Will
- By declaring a legacy you will be invited to join our Benefactors’ club, the membership of this club includes our major donors, patrons and those who have declared a legacy pledge
We are very happy to discuss your requirements and to provide you with as much information as we can to ensure your legacy meets your wishes.
Please contact: The Development Office, Channing School,The Bank, London N6 5HF Development
telephone: +44 (0) 20 8340 2328 Email: firstname.lastname@example.org
Leaving a Legacy to Channing
The following paragraphs are suggested wordings for the most common types of legacy. We would be pleased to answer in confidence any questions you might have. In all cases we strongly recommend that wording is carefully reviewed by you and your legal adviser in the overall context of your Will or Codicil.
If you or your legal adviser would like more information about legacies to Channing, please contact the Development Office for further information.
Pecuniary Legacy – Simple
I give to Channing School (Registered Charity No. 312766) the sum of [amount in words] pounds ( £[amount in figures]) for its general purposes.
The receipt of the Bursar or other authorised official for the time being of the School shall be a good discharge to my executors.
Pecuniary Legacy – Index linked
I give to Channing School (Registered Charity No. 312766) for its general purpose such sum (“ the Legacy”) as shall be produced by multiplying [amount in words] pounds (£[amount in figures]) by the index figure in the Retail Prices Index for the month immediately preceding my death and dividing by the index figure for the month in which my Will is signed.
If the Retail Prices Index shall have been replaced by another official index, and/or if the basis of computation of the Retail Prices Index or such other index shall have been altered, my executors shall have discretion to determine the amount of the Legacy in accordance with such formula as seems to them just and reasonable in the circumstances.
If there shall be no such index in existence at my death, the Legacy shall be [amount in words] pounds
(£[amount in figures]) increased by simple interest of [insert figure for percentage increase per annum of ‘fall-back’ legacy] per cent per annum from the date of signature of my Will until the date of my death.
The receipt of the Bursar or other authorised official for the time being of the said School shall be a good discharge to my executors.
Residuary Legacy (if whole of the residuary estate)
Subject to the payment of my debts, funeral and testamentary expenses and legacies I give to Channing School (Registered Charity No. 312766) the whole of my estate absolutely for the general purposes of the School with full power to expend capital as well as income. The receipt of the Bursar or other authorised official for the time being of the School shall be a good discharge to my executors.
It is possible to leave your estate (or part of it) in trust for the benefit of a particular person or persons during their lifetime. They benefit from using the assets, or receiving the income from them, during their life. But on their death, the assets left then pass to other chosen beneficiaries. Consider the following clause for use in your Will, suitably adapted to its context.
0.1 I give the whole of my property not specifically disposed of by the above provision of this Will or by any Codicil to my Trustees.
0.2 After payment of my debts, funerals and testamentary expenses and taxes arising out of or due at my death and legacies, my Trustees shall hold the residue of my estate (which with the property for the time being representing it is called “my residuary estate”) upon trust as follows: –
0.3 Upon trust to pay the income to [name of lifetime beneficiary] during [his] [her] lifetime.
0.4 Subject as aforesaid upon trust as to both capital and income for Channing School (Registered Charity No. 312766) absolutely for the general purposes of the School with full power to expend capital as well as income.
0.5 My Trustees shall have power to raise the whole or any part or parts of the capital of my residuary estate to the income of which [name of lifetime beneficiary] is then entitled and to pay or apply the same to or for the benefit of [name of lifetime beneficiary] during [his] [her] lifetime as my Trustees shall think fit freed and discharged from the trusts and provisions of this Will.
0.6 The receipt of the Bursar or other authorised official for the time being of the School shall be a good discharge to my Trustees.
In all cases we strongly recommend that the above wording is carefully reviewed by you and your legal adviser in the overall context of your Will or Codicil.