The 1824 Society – The Edinburgh Academy legacy association
Having served as Chairman of the Court of Directors of the Edinburgh Academy for many years I am aware of the continued need for funds beyond income derived from school fees.
I commend the 1824 Society to you. In renaming our legacy association after the year of the School’s founding, we honour the foresight and integrity of those who have gone before, those who seized the opportunity to create this wonderful School in the heart of Edinburgh, a School whose vision and values remain to “Always Excel”.
In confirming your membership of the 1824 Society you will have pledged a proportion of your estate to help build and sustain the School. The Edinburgh Academy Foundation, which exists to support the School, will acknowledge your membership and your legacy promise. You will be invited to specify (through your will) exactly how the School should use your bequest. Some people direct their bequest to the School’s endowment; others specify areas of School life with particular meaning to themselves; perhaps music, sport or art. Given that we cannot anticipate where funds might prove most beneficial, many choose to leave their bequest unrestricted, for the School to direct as it sees fit. Being free from Inheritance Tax and, in the case of gifts of shares and property, exempt from Capital Gains Tax, legacy bequests are a tax-efficient way of giving.
Membership of the 1824 Society is growing. I ask you to confirm your pledge. This is best achieved by contacting our Development Department who can ensure your legacy is directed to the area of need you determine. Your pledge is a statement of your present intention and will help us in our long-term planning.
Thank you for continuing a long tradition of generosity from one generation to the next, here at the Edinburgh Academy.
Professor Ian Percy
The 1824 Society