A lasting legacy – leaving a gift in your Will

If you have a love for rowing, for the river Thames or for the town of Henley, then leaving a legacy is the perfect way to show your lasting support. Did you know that legacies are a vital source of income for the River & Rowing Museum? With no funding from central or local government, we rely heavily on donations to achieve the Museum’s objectives through our collection of permanent displays, as well as our education and exhibition activities.

By leaving a legacy to the Museum you will be helping to safeguard our collections for future generations. Legacies can be given to support specific areas of the Museum’s work like our education programme, object conservation or in support of our endowment thereby giving a gift that keeps on giving and securing the River & Rowing Museum Foundation’s long-term future. However you wish to make your legacy pledge it can be a unique memorial to a personal involvement in the Museum.

If you do not currently have a Will, you should seek professional advice from a solicitor or bank on writing one. If you have an existing Will, you may want to ask your solicitor to add a Codicil to include a legacy to the River & Rowing Museum Foundation. This document lets you make minor changes without the need for drafting a new Will.

There are a variety of types of gift you can make in your Will that will benefit the River & Rowing Museum Foundation.

A Pecuniary or Cash gift: allows you to give a specific sum of money.

Example wording to give to your solicitor to include in your Will;

“I give to the River & Rowing Museum Foundation of Mill Meadows, Henley on Thames, Oxfordshire, RG9 1BF (Registered Charity No. 1001051) the sum of £_______ (free of all taxes) for its charitable purposes and I declare that the receipt of the Treasurer will be sufficient discharge to my executor(s).”

If you would like your gift to be used for a specific purpose, then you could add to the above the wording;

“and I express the wish (but without imposing any trust to this effect) that the aforesaid gift shall if possible be used for the purposes of ……..”

A Residual gift: is a bequest of a portion or the whole of your estate remaining after all debts, expenses, legacies and Inheritance Tax have been paid.

Example wording to give to your solicitor to include in your Will;

“I give my residuary estate to the River & Rowing Museum Foundation of Mill Meadows, Henley on Thames, Oxfordshire, RG9 1BF (Registered Charity No. 1001051) for its charitable purposes and I declare that the receipt of the Treasurer will be sufficient discharge to my executor(s).”

A specific gift: will be a personal possession(s) such as a work of art or an object. Many people chose to give a specific gift in their Will; for example a painting or an object that will enhance the permanent collections of the River & Rowing Museum.

For further information on donating an object, please refer to our Donating an Object page.

It is also important to remember that legacies left to the River& Rowing Museum Foundation are not liable for inheritance tax as the Museum is a registered charity (no. 1001051).

If you have already included a legacy to the Museum in your Will, please accept our heartfelt thanks, it is a wonderful gift to our work. We know that your decision to include us in your Will is a very private one, but if you would like to discuss your intentions and wishes with us, we should be delighted to do so. Any information you provide is not legally binding and will be kept in our strictest confidence.

For further information, please contact:

Mrs Kim Price ACA, Director of Finance
River & Rowing Museum Foundation
Mill Meadows
Henley on Thames
RG9 1BF

Telephone: 01491 415617 or email kim.price@rrm.co.uk.