Since its beginnings in 1991, the BTF has supported thousands of people who suffer from thyroid disorders.
In recent years, our largest income source has been the generous donations we have received from gifts in Wills. These gifts mean that we can continue to produce reliable, medical-based information for all thyroid patients, they enable us to develop and target our campaigns, and they also fund research projects which will benefit thyroid patients in the future.
Any gift, large or small, makes a real difference. Legacy donations allow us to continue providing life-changing support to people with thyroid disorders. If you do decide to remember BTF in your Will, your gift will mean that BTF will still be here for people who need our support in years to come.
"Since being diagnosed with an underactive thyroid my husband and I have found your regular newsletters very useful. The information sheet you send out also helped in our understanding and discussing with doctors my periodic blood tests. We have also been to the quarterly local support meetings in our area and found them very informative. The fact that our daughter and many of our friends suffer with an underacticve thyroid gives us added reason to support the BTF."
Mr and Mrs Howes, Berkshire
How Doris's gift helped others
In 2014 the BTF was very grateful to receive a legacy from Doris Godfrey. Doris worked as a Sister of the Children’s Surgical Ward at St James’ Hospital in Leeds and suffered from hyperthyroidism.
The impact of thyroid disease on Doris, and particularly on her mother who also suffered from hyperthyroidism and for whom she spent much of her life caring, motivated her to help future generations of thyroid patients by leaving a gift to BTF.
Her generous support has funded two BTF Research Award Grants, the first of which was awarded in 2016 and is named the BTF Doris Godfrey Research Award.
Reasons to Make a Will
There are many reasons why it is important to make a Will:
- You can choose the executors - those who will ensure that your wishes are carried out
- It's a positive demonstration of generosity
- It enables you to choose what gifts you wish to leave and to whom, including charities
- Legacies to charity are free from inheritance tax - which may significantly reduce or eliminate the tax burden on your estate
How do I leave a gift to the BTF in my Will?
We recommend that you use a solicitor to have your Will drafted or updated. The cost is relatively modest and a properly drafted Will means that your wishes will be followed, thereby minimising the potential for disputes.
Choose the type of gift
Including a gift or legacy in your Will or legacy is very straightforward. First you need to decide what type of gift you would like to leave – a residuary legacy, cash gift or a specific legacy. You must also ensure you use the correct wording for each. See some example wording below.
Updating an existing Will
Unless the change you are making is very straightforward we recommend that you consult your solicitor and consider having your Will redrafted. But you may decide to update your Will using a codicil instead.
If you have any questions please contact the BTF legacy team at firstname.lastname@example.org or phone the BTF on 01423 810093 and ask for our legacy-giving co-ordinator who will be pleased to assist you.
If you have already remembered BTF in your Will, please let us know as we would like to thank you and keep you up to date with the work we do. However, if you would prefer not to tell us, we don't mind at all.
Below are examples of the wording for use when leaving a legacy to BTF. However we do recommend that you use a solicitor to have your Will drafted or updated.
A gift of part or a share of your estate
This can be anything from 1% to 100% of your estate - whatever suits your circumstances.
'I give [ ] % of the residue of my estate to the British Thyroid Foundation, Suite 12, One Sceptre House, Hornbeam Square North, Hornbeam Park, Harrogate, HG2 8PB (Charity Number - England and Wales: 1006391; Scotland: SC046037) absolutely to be used for its general charitable purposes and I declare that the receipt of their Treasurer shall be full and sufficient discharge to my executors.'
A gift of a specific amount or a pecuniary gift
Any sum is welcome but please note a fixed sum may lose its value as inflation takes effect over future years.
'I give free of tax to the British Thyroid Foundation, Suite 12, One Sceptre House, Hornbeam Square North, Hornbeam Park, Harrogate HG2 8PB (charity number - England and Wales: 1006391; Scotland: SC046037) the sum of £ [words and figures] absolutely to be used for its general charitable purposes and direct that the receipt of their Treasurer shall be full and sufficient discharge to my executors.'
This wording can be used if you wish to secure the value of your gift against the effects of inflation.
'I give to the British Thyroid Foundation, Suite 12, One Sceptre House, Hornbeam Square North, Hornbeam Park, Harrogate HG2 8PB (Charity Number - England and Wales: 1006391; Scotland: SC046037) absolutely to be used for its general purposes the sum of money produced by dividing the sum of £ [insert amount] by the index figure in the Index of Retail Prices ('the index') for the month in which this will be executed and multiplying it by the index figure in the index month in which my death occurs. I direct that the receipt of the said charity's Treasurer shall be full and sufficient discharge to my executors.'
Leaving a specific item
Your solicitor will be able to advise you if you would like to leave a specific item to BTF and will prepare appropriate wording for your Will.
Codicil Document adding to or altering the terms of a Will.
Estate All your possessions and liabilities at the time of your death, including money and property.
Executor The person who is appointed by you to make sure the instructions in your Will are carried out.
Inheritance Tax (IHT) Most estates don't incur the 40% IHT on death. It only applies if the taxable value of your estate (including your share of any jointly owned assets and assets held in some types of trusts) when you die is above £325,000 (this rate is frozen until 2017-2018). It is only payable on the excess above this nil rate band. The rate of inheritance tax may be reduced to 36% if 10% or more of the estate is left to charity. For further information visit: www.gov.uk/inheritance-tax/overview
Legacy A gift left to a person or organisation in your Will.
Pecuniary legacy or cash gift This is a fixed amount of money e.g. £5,000 This type of gift will lose value over time due to inflation therefore you may wish to index link your cash gift.
Residuary gift This is one of the simplest ways of leaving money to us. It is the balance of your estate after all debts, taxes, expenses and other gifts have been paid. The value of this type of gift increases as the value of your estate increases.
Reversionary legacy This is the way to leave a gift to a chosen beneficiary such as BTF, whilst allowing another person to have the use of it during his or her lifetime.
Solicitor Click here to find your local probate solicitor
Specific legacy A gift of specific property such as shares, jewellery or a painting.