I would like to consider leaving a gift in my will to Save the Children, but I don’t want my family and friends to miss out. What should I do?
We understand that your loved ones come first. All we ask is that when you have taken care of your family and friends, you consider the causes and charities that you care about.
Why make a gift in my will to remember Save the Children?
A gift in your will costs you nothing during your lifetime and won’t affect you now, but will one day make a huge difference to the lives of countless children.
Can I have a say in where my gift is used?
Of course you can tell us what area of our work you would like your gift to support and we will make every effort to see that this happens. It is difficult to know which areas of our work we will need to focus on in future. Please contact us by phone: 020 7012 6400 or email: firstname.lastname@example.org to discuss this in more detail.
The wishes of our supporters are very important to us, so if you would like to have your loved ones involved in deciding how the money should be spent, we would be more than happy to help.
Do I have enough money to leave a gift in my will?
Every gift we receive from our supporters – large or small – is important to us, and contributes towards changing millions of children’s lives. Even a small percentage of your estate can make a big difference to charity, whilst safeguarding both your intentions and your loved ones interests.
What will it cost?
Writing a will is not as expensive as you might think. Solicitors can provide estimates on request, but the cost will depend on how complex your affairs are.
You may like to consider writing your will during the month of November with a participating Will Aid solicitor. This scheme benefits several charities, including Save the Children. Solicitors donate their time, and those making their will are able to donate to many of the UK’s favourite causes.
How much does Save the Children spend overall on fundraising and administration costs?
On average, over the last five years, for every £1 you gave us, we spent 85p to benefit children and used the remaining 15p to raise the next £1.
What should I consider when I prepare my will?
Our simple guide helps explain the things you may want to think about when preparing to make a will.
If you have any questions, please feel free to contact us on 020 7012 6400 or email email@example.com
What types of gifts in wills are there?
There are three different types of gifts in wills (legacies): residuary, pecuniary, and specific.
A residuary legacy is when a person leaves a percentage of their estate after all the other legacies have been made and debts cleared. One of the advantages of a residuary legacy is that it has the benefit of being inflation-proof and means you’re less likely to need to update your will in the future.
A pecuniary legacy is a gift of a specified sum of money.
A specific legacy is a gift of a particular item such as books, paintings, antiques, or jewellery.
All bequests should be left to Save the Children UK and must use our registered charity numbers 213890 and SC039570 and the correct registered address: Save the Children Fund, 1 St John’s Lane, London EC1M 4AR.
Your solicitor will advise on the specific wording you need to use for different types of gifts.
How do I make a gift to Save the Children in my Will? What information do I need to include?
If you wish to remember Save the Children in your will, we recommend that you use the following wording:
I leave….to Save the Children Fund of 1 St John’s Lane, London EC1M4AR, registered charity numbers 213890 and SC039570.
What if I want to change my will?
You need to remember that if your circumstances change, your will may become out of date or invalid. Ensure your will is up to date by either writing a new one or amending and updating your existing one using a codicil. A codicil is a document that amends, rather than replaces, a previously executed will. We recommend that you consult a legal professional to update your will.
Can I add Save the Children to my existing will?
Making changes to an existing will is simple. You will need to ask your solicitor to advise you on the drafting of a codicil, which will then need to be signed by two independent witnesses. Your solicitor will be able to provide you with a codicil document.
Will the gift in my will be confidential?
Save the Children will act in a professional manner and respect your privacy at all times. We will not pass on any details of your will or confidential information.
If you would like to share your personal reasons or story as to why you have chosen to remember Save the Children, we would love to hear from you. This can be a great way to encourage others to consider this wonderful way to support our work in future.
What about inheritance tax?
In order to review your personal tax situation, we recommend that you consult your solicitor when making changes to your will. Please see further information about changes to inheritance tax.
In 2009, the government set the inheritance tax threshold at £325,000, above which inheritance tax is payable at the rate of 40%. If your estate is liable to attract inheritance tax, leaving a gift to charity can have the effect of reducing the overall tax burden on family and friends.
What should I do if I’m acting as an executor of a will?
You can find further information and advice on your responsibilities on the executor page.
How else could I help Save the Children?
You can volunteer as a fundraiser, in a shop, take part in an event or be a speaker. Find out more about volunteering for Save the Children . You could help us to raise awareness about how important legacies are to our work by:
- introducing gifts in wills to your friends
- passing on our materials
- sharing your personal story with others