| Charity,
Legacies and wills
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| Rememberacharity.org.uk
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| Why
should I make a will?
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| Guardian
article
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Legacies and wills. Who can leave money? (US)
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| Donate
shares - save tax!
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Mexico
Child Link Financial Statements 2006-2007
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| 10
reasons to support Mexico Child Link |
16 Page guide to legacies and charitable giving from the Daily Telegraph (UK)
Legacies
and wills - how to leave money to a UK charity
Make
a better life for a child with learning disability
UK charities - How to give support through your legacy or will- the facts
- Almost 7
out of 10 people in the UK support charities, fewer than 1 in 20 remember
one in their Will.
- You don't
have to make a difficult choice between family or charity. It's easy
to remember both. You can specify either a fixed amount, or a given
percentage of your estate to go to your chosen charity. You can specify
the amount of your estate to go to family and friends and leave any
residue to the charity you wish to support. It's up to you to decide
the balance.
- Any charitable
donation is exempt from tax, which means that any money left to charities
in a Will is exempt from inheritance tax. So, apart from knowing
that the money you've left behind is being put to good use, it can actually
make financial sense.
- In the UK,
If someone dies with an estate worth more than £285,000* which
is left to someone other than their spouse, there is tax payable at
the rate of 40% on the amount above the £285,000. Anything you
leave to a charity is deducted before any tax is calculated and doesn't
affect your £285,000 allowance.
- Charities
are not liable to pay tax on money left to them in wills.
- If you leave
your affairs in order, your chosen charity should receive your legacy
within 6 months. If your financial or tax situation is more complicated,
it could take longer.
- You can
let your chosen charity know of your intentions or you can keep your
decision a private matter if you prefer.
- You can
leave money, or an item of value such as jewellery, property or shares
* UK inheritance tax threshold for tax year 2006-2007
How do I leave money to a UK charity through my will?
- If you have
already made a will, just let your solicitor know which charity you
wish to support. You don't have to make a new will. If your will is
still accurate and up to date, your solicitor can simply add a new section
outlining your gift to your chosen charity.
- If you have
not yet made a will, you should contact your solicitor and let him know
your intentions.
- You can also leave money to one, or a number of charities through the Charities Aid Foundation. The advantage of this is that you can change yor mind at ant time withoput incurring any legal fees.
How do I leave money to Mexico Child Link if I am a US citizen?
The easiest way is through an organization called CafAmerica which Mexico Child Link is affiliated to. You can send for an information pack here.
Many people want to continue supporting overseas non-profit organizations (NPOs) beyond their own lifetime. CAFAmerica accepts bequests, which may include suggestions of potential NPO beneficiaries. Bequests are treated as individual gifts.
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Mexico Child Link is a UK based charity which has raised its own funding since its foundation in 1992. We raise our funding, much of it from individual donors like yourself, to support a range of services for children and young people with learning disability in Puebla, Mexico. We are a fully tax-exempt non-profit charitable organisation, both in the UK and also in the US, through our accreditation to CAFAmerica. Your support will make a difference to the life of an abandoned child with learning disability (mental handicap) in Mexico. Many of these children live under conditions of extreme poverty. Without our help, the children would live out their lives in Borstals, young offender centres, and psychiatric institutions, or living as street children. |
2007
Mexico Child Link © All Rights Reserved. 80 Locksley Park, Belfast,
BT10 0AS. Tel (028) 90622239
UK Charity
Reference Number
XR18919