What is a legacy gift used for?
A bequest of any size, great or small is of value to the ICO and will help it deliver its mission “Changing Lives Through Music” We would greatly appreciate if you would consider the value of including the ICO in your will to help ensure that future generations will be enriched by the work of the orchestra. Unrestricted gifts allow the ICO to allocate funds in the area of greatest need.
Legacy gifts to the ICO could be put to many uses including:
- Develop Core Artistic Programme
- Develop Community Engagement Programmes
- Provide Education / Performance Scholarships
- Commission New Repertoire
- Endow an Orchestra Chair
- Purchase an Instrument
How to leave a bequest in your will to a charity
In order to include the ICO in your will you would need to contact your solicitor. There are different ways of leaving money to a charity:
- A Pecuniary Bequest: This is a gift of a specific sum of money.
- A Legacy: This is a gift of a specific item.
- A Residuary Bequest: This is a gift of part or all that remains in estate once the executors have discharged all of their other obligations under the terms of will.
- Codicil: This is a new clause inserted into a will that has already been made. It may be witnessed and signed in the same way as the original will.
- In Memoriam Giving: For some the option to give in memory is a fitting way to pay tribute to a recently lost member of family or friend.
Suggested wording:
“I GIVE AND BEQUEATH the sum of €___________, (set out the amount both in figures and in words), to the Irish Chamber Orchestra, University of Limerick, Limerick for its general charitable purposes. The receipt of the secretary or any director of the charity, The Irish Chamber Orchestra, shall be a sufficient discharge to my executors in the payment of this legacy”