Leave a Gift in your Will
The National Cycle Museum is a charity that relies on funding from a wide range of sources, and welcomes support from generous individuals.
Remembering the National Cycle Museum by leaving a gift in your will, no matter what size, can help us build and care for the collection, support special exhibitions and deliver engaging workshops and conservation programmes.
Legacies are a really important source of income for any independant charity in the UK. The Cycle Museum welcomes any gift in the form of a legacy to the museum.It's as straightforward as including a simple sentance in your will.
There are two main types of legacies:
A Fixed sum of money ( Pecuniary)
This may seem a simple option but bear in mind that the effects of inflation could mean that the true value of this gift could become less than you had intended.
A percentage of the net value of your estate ( Residuary)
A residuary legacy means you can leave a set proportion of your estate to Charity after other beneficiaries are taken care of.
As well as helping the museum a legacy can also have a financial benfit for your family and friends since the value of your legacy will be deducted from your estate before Inheritance Tax is worked out. In some cases, leaving a legacy may help bring the total value of your estate below the taxable threshold - which is currently £325,000.
If you would like to remember the National Cycle Museum in your will, we would be happy to talk to you about how your gift could benefit the future work of the Museum. Please contact John Gill, Curator at firstname.lastname@example.org for further information.