Leaving a Legacy

Dollar Academy was founded through a bequest from the Will of Captain John McNabb, a poor boy from the parish who sought his fortune at sea and became a rich London merchant. The interest on his legacy, of some £40,000 on his death in 1802, was to be used for the provision of ‘a charity or school for the poor of the parish of Dollar wheir I was born”

Our Legacy Society was established to continue John McNabb’s tradition of philanthropy and to recognise those individuals who indicate their intention to help Dollar Academy in this way. To allow us to thank you, we will invite you to our annual donor lunch and other whole-school events.

Making provision in your will for Dollar Academy is the best way to help preserve and strengthen the Academy for future generations. Such gifts can provide a source of much needed capital which is not otherwise available through normal tuition fees. Your gift will help:

• Keep the Academy at the forefront of education and innovation in the 21^st Century
• Provide financial aid to allow as many young people as possible to benefit from a Dollar education
• The preservation of Dollar’s historic buildings and the development of new facilities

Your gift can be in the form of money and financial assets such as shares, or in property and valuables.

Leaving a legacy can take many forms to reflect your intentions; we would be delighted to work with you to create a meaningful legacy. Your legacy can benefit an area of Dollar that particularly inspires you and could range from supporting an academic subject or extra-curricular activity to creating a bursary to support bright pupils who cannot afford fee-paying education. Alternatively, you can leave it to the discretion of the school to use where it is most needed at the time your gift is received. Whatever you choose, you can be assured your gift will enrich the lives of those at Dollar Academy.

As Dollar Academy is a registered charity (The Governors of Dollar Academy Trust SC009888), all legacy donations made to the school are exempt from UK Inheritance and Capital Gains Taxes. Under current rules, leaving 10% or more of your taxable net estate to charity reduces the Inheritance Tax rate on the whole of your taxable estate from 40% to 36%. This may mean leaving a gift to Dollar has no impact on the level of inheritance your loved ones receive from your estate.