Considering Charitable Gifting?
What is a gift in a Will?
A gift in a Will (also known as a legacy) is a way to leave your money, possessions, or a share of your estate, to a person or organisation after you pass away.
Types of gifts you might leave to The Teesside Charity in your Will
- A percentage or share of your estate
- A lump sum (single payment of money)
- Valuable items
Why are gifts in Wills important to The Teesside Charity?
A gift in your Will helps us continue providing vital financial support to charities, community groups, schools and initiatives across the Tees Valley, particularly those supporting people facing disadvantage.
Gifts in Wills and Inheritance Tax
Gifts to UK registered charities are generally exempt from inheritance tax. If you leave 10% or more of your net estate to charity, the inheritance tax rate on the remainder of your estate may be reduced from 40% to 36%.
These rules depend on your individual circumstances. For general information, please see HM Revenue & Customs guidance on inheritance tax and charitable giving: https://www.gov.uk/inheritance-tax.
We are unable to provide tax or legal advice, so we recommend speaking with a solicitor or professional adviser. If helpful, we would be pleased to introduce you to local solicitors who support our work in the Tees Valley area.
Leaving a gift to The Teesside Charity in your Will?
Our charity details for leaving us a gift in your Will
Thank you for deciding to leave a gift in your Will to The Teesside Charity. To make sure we receive your gift, you’ll need to include our charity name in full. You can use the following details:
Charity name: The Teesside Charity
Charity address: Suite 9c, First Floor, Cargo Fleet Offices, Middlesbrough Road, Middlesbrough, United Kingdom, TS6 6XJ
Charity number: 1140740
Support in writing your Will
If you would like support in preparing your Will, please do not hesitate to get in touch. We would be pleased to introduce you to local solicitors who support our work in the Tees Valley and can guide you through the process.
Let us know
If you choose to include a gift to us, we would be grateful if you let us know. This gives us the opportunity to thank you and keep you updated on the impact your gift could have.
For executors
Acting as an executor can be challenging, particularly following the loss of a loved one. We are here to support you.
Getting support as an executor
If you would like guidance in administering the estate, we would be pleased to introduce you to local solicitors who support our work in the Tees Valley and can help you navigate your responsibilities.
Notifying us of a legacy payment
If the Will includes a gift to The Teesside Charity, please notify us by email at diane.s@teessidecharity.org.uk, providing:
- the full name and title of the deceased
- their last address
- the date of death
- the executor’s name and contact details
- a copy of the Will
- any information about the gift
If the gift is a share of the residuary estate, we may also require estate accounts for audit purposes.
Once we receive these details, we will provide a unique payment reference to quote when making payment.
Paying a legacy
Please contact diane.s@teessidecharity.org.uk for a payment reference and payment details.
Getting in touch
If you have any questions about charitable gifting in Wills, please contact our friendly team at info@teessidecharity.org.uk. We are here to help.
