DEVITT LEGACY SOCIETY
Your will is a means to provide for your friends and family, to support the causes you believe in and to acknowledge the influences that have shaped your life.
“Our vision is to attract the best students and support them to achieve their ambitions, your support can make this vision a reality and change the lives of the next generation of Pangbournians.”
- Oliver Knight, The Head & Member of the Devitt Legacy Society.
Supporting the future through a gift in your will
Whether you wish to express your gratitude for the education you or your child received or to influence future generations, leaving a gift in your will helps future pupils.
Did you know...
- Over the last ten years, gifts left in wills have enabled 10% of the College’s bursarial support. For beneficiaries such as Tomas Tokovyi, it changed their lives.
- The College is a registered charity, 309096.
- Donations to charities are exempt from Inheritance Tax (IHT), and the value of the donation is not included in your taxable estate. If 10% or more of your estate is left to charity, the Inheritance Tax rate can be reduced. See a full example below.
- That you can leave even 1% in your will to Pangbourne College, so those closest to you inherit 99%. You can, of course, leave more if you so wish.
- That you can support multiple bodies and non-profits in your Will.
“The moment I received my bursary offer from Pangbourne, I knew my life was never going to be the same. It was my dream to join a competitive boarding school. After Pangbourne, I went on to study at Bristol, followed by Oxford and then Cambridge. As a biochemist, I now have ambitious goals to tackle some of the biggest problems in healthcare and this should be attributed to the excellent foundation enabled by my bursary at Pangbourne.”
- Tomas Tokovyi, Old Pangbournian (2017-2019)
The benefits of leaving a legacy in your will
Legacies made to charities are currently exempt from Inheritance Tax (IHT). As an example, if you choose to leave £10,000 to a charity, this would save your estate 40% in IHT (£4,000), thereby 'costing' a donor's estate just £6,000. Under current legislation, a deceased's estate that gives at least 10% to charities reduces the amount of IHT paid from 40% to 36%. Consequently, if you leave 4% to charities, you could leave 10% and the net effect to the other beneficiaries will be identical. Please speak to your professional advisor about how to include the College in your will.
Recognising our supporters
If you intend to leave a gift to the College in your will or indeed have already done so, you are eligible for membership to both the Devitt Legacy Society and The 1917 Society. Members of these Societies receive regular communications and invitations to College events.
The history of the Devitt Legacy Society
Since its foundation, legacies have played, and continue to play, a major part in the history of Pangbourne College. The Devitt Legacy Society is named after Sir Philip Devitt (1876-1947), the fourth son of founder, Sir Thomas Lane Devitt. Philip played a key role in the creation of the Nautical College Pangbourne. In 1921, with his father in poor health, Philip invested much of the family fortune to save the College from bankruptcy and to ensure its thriving future. Leaving a legacy to Pangbourne is an excellent way to ensure our Founders’ vision can continue for the benefit of future generations of Pangbournians. The President of the Society is Mark Dumas (1964-68).
Get in Touch
If you plan to leave a legacy or would like it to be used for a specific purpose, please contact Lucinda Grafton on [email protected]. Lucinda will ensure all aspects of your plans are fully understood and that you are thanked appropriately.
