Legacy-giving forms the foundation of charities in the UK. Leaving a gift in your will helps us to continue producing an excellent and varied programme and to insure that future generations will be able to enjoy the pleasures that you have experienced.
A legacy is frequently aimed at the Buxton Festival Foundation’s endowment fund, so ensuring the enjoyment of future generations from the solid basis of a capital reserve, but allowing interest income to support the Festival’s annual programme. Alternatively a legacy can be used immediately to support the work of the Festival either generally or in specific areas of work such as Outreach or Young Artists.
A recent Government initiative means that if your estate is exposed to inheritance tax, and you leave at least 10% of the chargeable amount to charities, the inheritance tax rate will be reduced from 40% to 36%, meaning that the benefit to the charities is much greater than the cost to your estate.
Legacy gifts can take the form of cash, shares or property, and it is always advisable to seek the advice of a solicitor in drawing-up your will. If you need legal advice about how to leave a charitable legacy in your will, long-established Buxton solicitors Cooper sons Hartley & Williams will be pleased to give a free initial consultation.
If you do wish to remember Buxton Festival in your will please indicate to your solicitor whether you want to support the long-term future of Buxton Festival through the Buxton Festival Foundation (registered charity number 1096269), or the annual programme of Buxton Festival (registered charity number 276957). Both Buxton Festival Foundation and Buxton Festival can be contacted at 3 The Square, Buxton, Derbyshire SK17 6AZ.
If you have already written a will but would like to leave a gift to Buxton Festival, this can be achieved by the simple addition of a codicil which allows you to include new instructions without having to rewrite the whole will. Once again, it is important to seek the advice of a solicitor.
In the past, we have on occasion received the unexpected benefit of legacies. If you do remember Buxton Festival in your will, please tell us so that we can express our gratitude while you are still with us!
If you would like to discuss any of this, our Director of Fund-raising, David Heugh would be pleased to hear from you (firstname.lastname@example.org).