Legacies – the best way you can invest in the Horniman’s future
A legacy is one of the most important ways you can help the Horniman. While the Horniman Museum and Gardens are core funded by a Grant-in-Aid from the Government, this funding, as with other publicly funded bodies, will decrease over the next few years.
We are therefore increasingly looking for support from our community, to help the Museum and Gardens continue to flourish.
One of the most valuable ways you can help is by remembering us in your will. Leaving a legacy is a simple way to make a long-lasting gift, which will help the Horniman Museum and Gardens continue to inspire and delight future generations, helping to fund such vital areas of our work as our collections, our Gardens, or our Aquarium. Your gift will also help us to remain true to Frederick Horniman’s founding vision - to be a free museum.
Tax Benefits
Leaving a gift to charity in your will can also mean tax benefits for you. From April 2012, if you decide to leave 10% or more of your estate to charity, you will benefit from a 10% reduction in inheritance tax. Currently inheritance tax is payble at 40% on estates of over £325,000 (tax year 2012-13), so this would drop to 36% if you left 10% or more of your estate to charity.
For more information on leaving a legacy and to see how the changes to Inheritance Tax have made it more attractive to support charities through legacy giving, please visit the Legacy10 website by clicking on the image below.
What to Do
If you would like to remember the Horniman in your will, the best thing to do is make sure you mention this to your solicitor when you are writing – or amending – your will. For more information about the various types of legacy and suggested wording for your will, please download our legacy pack.
Want to Know More?
If you would like to know more about how a legacy can help our work and how you can leave a gift in your will to the Horniman, please contact Marcus Pugh or Jenny Seymour in the Development Office, on development@horniman.ac.uk or 020 8291 8169. Please be assured that all legacy enquiries are strictly confidential.