Leave a legacy
Make a lasting impact on the future work of RCS and our students
How Do I Leave a Legacy?
The best person to contact about leaving RCS a legacy is a solicitor, many of whom specialise in this area. More useful information about this is available from The Law Society.
Does my legacy have to be a specific amount?
Not at all. Any gift you leave to RCS would be hugely welcomed and would go directly to supporting our programmes and enhancing the student experience.
How would a legacy gift for scholarship be disbursed?
This really depends on the amount donated. In general terms, there are two types of scholarship fund; endowment and ‘spend out’. Endowed scholarships are invested in the RCS Endowment Trust and then the capital is used for scholarship. This is a good way of ensuring a scholarship lasts in perpetuity and is recommended for gifts of £20,000 and over. The amount given out annually would depend on investment yield at that time.
The RCS Endowment Trust is a separate entity, governed by its own board of trustees.
A ‘spend down’ scholarship is recommended for anything under £20,000 and is where a specific portion is given from the legacy donation until the gift is spent. So, for a donation of £10,000 for example you could say that you would like an RCS student to receive £2,000 for the next 5 years. Once this gift has been fully spent out, that scholarship would cease to exist.
Should I tell someone at RCS that I have left a legacy to them?
We would really love to hear from you if you decide to leave RCS a gift in your will. It allows us to thank you, invite to special donor events and to keep you up to date with any RCS news.