There are several methods of giving to The Thornton Development Fund and it is important that you consider your options to ensure that the method you choose is best for you and the School.
One-off gifts and regular giving
Whether you decide to make your gift monthly, quarterly or annually or wish to make a one-off gift, all you need to do is complete the enclosed gift form. Please let us know if you would like your gift to be directed into our Capital Fund or Bursary Fund by ticking the appropriate box on the form.
Remembering Thornton in your will
If you remember Thornton in your will, you will be contributing to our excellence and success, as have the generations before you. As a tax-exempt charity, Thornton pays no tax on property or monies bequeathed by a legacy. In addition, a bequest, whether it is residual or specific, may have tax benefits for your estate by reducing inheritance tax.
In order to honour those individuals that have kindly remembered Thornton in their will the School has created the 1917 Society. If you have remembered Thornton in your will please inform us so we can welcome you to the Society. As always you should contact your legal advisor to discuss the specifics of your gift and associated reductions to your estate tax burden.
We have provided some wording below which may assist your solicitor when drawing up your will.
Wording for a Residual Bequest
Subject to the payment of my debts, funeral expenses and testamentary expenses I give the whole of my estate, not otherwise disposed of by this will (or a % of my residual estate) to Thornton College, Convent of Jesus and Mary which is a charity registered under number 247358 and whose address is Thornton College, Convent of Jesus and Mary, Thornton, Milton Keynes, MK17 0HJ.
Wording for a Specific Bequest
I give the sum of _________ to Thornton College, Convent of Jesus and Mary which is a charity registered under number 247358 and whose address is Thornton College, Convent of Jesus and Mary, Thornton, Milton Keynes, MK17 0HJ.
Please let us know if you would like your legacy to be directed into our Capital or Bursary Fund or split between the two.
Under the Gift Aid scheme, Thornton College can claim an additional 25% from HMRC on eligible donations. Higher rate tax payers can also claim back the difference between higher and basic rate tax on the value of their gift including Gift Aid.
For example if you make a Gift Aid declaration and donate £100, the value of your donation to Thornton College is £125. A higher rate tax payer can claim back 20% of this £125 for themselves via their Self Assessment tax return. Therefore a gift with a total value to Thornton of £125 will cost a higher rate tax payer £75. To be eligible for Gift Aid you must pay an amount in income or capital gains tax that is at least equivalent to the amount we will claim on your donations during the tax year.