Leave a legacy
Since its inception, the Academy has benefited from the foresight of legacy donors whose gifts – both large and small – have supported us in our mission to train and nurture outstanding young musicians to the highest level.
By remembering the Academy in your will, you would support the musicians of tomorrow and play your part in shaping the future of music in this country and beyond.
Donations that are not linked to a specific area of our work enable the Academy to respond quickly to the most urgent needs of our students, their tutors and the environment in which they work.
Alternatively, if you would prefer to give to a specific area of the Academy’s activities, then we are very happy to discuss this.
The Academy can accept legacies and bequests of any of the following types:
- Residuary: a residuary legacy is the value remaining once all pecuniary legacies, debts, fees and other charges have been met. You can leave whole or part of the residue to the Academy. The value of a residuary legacy is not affected by inflation.
- Pecuniary: this is a legacy of a specific sum of money. You may want to request that it be linked to inflation in order for it to retain its value over the years.
- Specific: a legacy need not be a sum of money. Instead, you can leave assets such as property, stocks, shares, library collections, artefacts or other valuables. Please do contact us to discuss your plans.
Since the Royal Academy of Music is a registered charity (no. 310007), any legacy you make is not subject to Inheritance Tax.
If you have already made a will, or have updated it recently, you can add a legacy or bequest by drafting a codicil. The Academy has suggested wording for a will and codicil, available on request.
We would be pleased to discuss your plans and make sure that your wishes are understood and can be fulfilled.
Bruno MonsaingeonBruno Monsaingeon