A gift in your will
You might not have thought of leaving a gift to the Poetry Archive in your will but there are many ways in which you can help secure the future of this Archive for all.
You might not have thought about leaving a gift to the Poetry Archive in your will, but your support will remain with the Archive for future generations to enjoy. Your legacy will be remembered in our Patrons' pages and form a tangible part of the Archive itself. A gift of £2,500 adds a new poet to the Archive and can be a wonderful way to keep sharing your love of poetry.
You might like to consider one of these two financial gifts to the Archive:
- A pecuniary legacy is the gift of a particular sum of money (eg. £1,000), which can be index-linked to maintain its value in line with inflation.
- A residuary legacy is a share (or all) of the residue of your estate when all other commitments have been settled.
Suggested writing in your will
It is very simple to leave something lasting for the Poetry Archive - we suggest the following words might be included in your will:
‘I give the [sum of / % share of residue of my estate] to the Board of Trustees of the Poetry Archive, Exeter Phoenix, Gandy Street, Exeter, EX4 3LS, UK absolutely for its general charitable purposes. I declare that the receipt of the Director for the time being of the Poetry Archive shall be a sufficient discharge to my Executor.’
The Poetry Archive is a registered charity number 1093858.
Please note: We strongly recommend that you consult your legal advisor when making or altering your Will. This is especially important for supporters outside England and Wales, where different laws apply.
Leaving a legacy can be tax-effective as gifts to charities like the Poetry Archive are exempt from inheritance tax. The Government encourages people to leave 10% or more of their net estate to charity. Please check the most recent levels of Inheritance Tax on estates as meeting the criteria could qualify for a reduction in the rate of inheritance tax you may pay.
Everyone’s tax situation is different and we always recommend you seek individual advice from your financial or legal adviser.
Should you wish to discuss any of this further, please contact us.
Thank you for your support.