Since its opening in 1893, Hymers College has depended on and benefited from, the generosity of those who shared the vision of the Colleges founder for the training of intelligence from whatever social rank it may be found. The College in its current form is the result of generations of giving, from the first funders to many Old Hymerians and friends of Hymers.
Many people have multiple demands on their finances which might preclude them making a gift in their lifetime. Equally, they may have been supporters of Hymers in their lifetime and wish to make a final gesture of support. A legacy can be a final tribute to Hymers, a gift that endures in perpetuity, and one which can be put towards any number of areas of Hymer's work. Bequests are exempt from inheritance tax (IHT) and for estates leaving 10% or more to charity, there is a reduction in IHT from 40% to 36%.
Leaving a legacy was an easy decision to make. My parents paid for my fees and whilst I wasn't the most gifted academically, there's no doubt the impact the Hymers College had on my life and future success.
More recently, I got back involved with the school supporting their highly successful Young Enterprise programmes. I subsequently became a governor in 2016 and was President of the Old Hymerians Association in 2018.
I have no children myself, but had three nieces and nephews at the school. Olivia, who became Head Girl and is now a doctor. Samuel who also is a doctor and William who is a teacher at Hampton School in London. My family have a lot to thank Hymers for.
I'm sure my nieces and nephews will appreciate the gesture that I am making on the family's behalf and I'm pledging a ÃÂÃÂ£140,000 to the legacy fund. I hope that my estate doesn't have to pay too soon, but knowing that this amount of money will put a gifted child through school gives me a great sense that I am contributing to their future.
I hope that you will feel the same and do the same as I do. I don't even need to remind you of the Inheritance tax you are saving!
Old Hymerian, Jonathan Leafe