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legacy giving

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Remembering Columba 1400

Your legacy pledge to Columba 1400 is greatly valued.  We understand the personal significance of your decision to make a bequest to Columba 1400 and if we can provide any confidential guidance about this process, we would be pleased to do so.

When making a legacy to Columba 1400, you can do so in the confidence that sensitive and appropriate stewardship of your gift is of paramount importance to us.

We strongly recommends that you seek professional legal advice when writing your Will, or adding a Codicil, if you have already made a Will. If you decide to make a legacy to Columba 1400, your solicitor needs to be aware that if Columba 1400 is to benefit, then the exact wording in the following statement must be used in your Will or Codicil:

“I bequeath to Columba 1400 the sum of …(for general purposes)(for the purpose of…)”

When discussing your Will or Codicil with your solicitor, you may find it helpful to know that there are various types of legacy from which to choose:

The Pecuniary Legacy: The pecuniary or monetary legacy enables you to donate a specific amount of money to a named individual or organisation. Provision should be made for index-linking the legacy, so that the value of the gift does not decrease with inflation.

The Residuary Legacy: The residuary legacy involves leaving all or part of the net residue of your estate to a named individual or organisation once all pecuniary legacies, debts and other liabilities have been met. The Reversionary Legacy is another popular type of legacy that enables you to provide for your loved ones first and benefit the Foundation, for example, afterwards. A reversionary legacy involves leaving your assets to trustees so beneficiaries can enjoy the income during their lifetime, with the whole or a part reverting to Columba 1400 on their death.

The Specific or Non-pecuniary Legacy: This type of legacy allows you to leave a specific personal possession to Columba 1400 Foundation, for example, property, stocks and shares, works of art, or other valuables.
As a way of expressing our gratitude for your legacy, Columba 1400 offers naming opportunities in honour of your bequest for scholarships, fellowships or buildings. Even the smallest legacy can contribute to special funds established for any of these purposes.

It is a great help to Columba 1400 to have an indication of a planned bequest so that we can thank those who show their supportin this important way. However, a legacy pledge is not a legally binding document, nor does it have any legal implications.

If you have chosen to remember Columba 1400 in your Will or by adding a Codicil to your existing Will, the we would be deeply grateful if you would complete the legacy giving form and send to Columba 1400, 26 Albany Street, Edinburgh EH1 3QH. While you would be helping to guide Columba 1400 strategy if you complete the confidential Legacy Pledge Form, Columba 1400 Foundation fully understands that you may not wish to disclose this personal information.