Supporting the Company's Charitable Fund through a legacy

The importance of legacy funding and how to arrange a legacy

Since its foundation in 1946 our Livery Company has operated a programme of charitable activity focussed chiefly in the areas of education and scholarship within agriculture. It is the generous bequests of earlier Liverymen that enabled the development and still helps fund the on-going administration of our renowned educational courses.

Through the careful management of our endowments, plus the levy paid by present day Liverymen, we are able to carry out our programme of apprenticeships, scholarships research and other charitable giving.

Due to the size of our endowment the present financial climate makes it increasingly challenging for us to pursue many of our current activities, or to do justice to future generations of young people in the industry. If we are to fulfil the objectives of the Company it is not good enough to just stand still – hard though even that is at the moment. We need to push on further and enhance and develop the pre-eminence, relevance and effectiveness of our courses and of our charitable giving.

To achieve this we must build on the great tradition of benefaction that began with the earliest members of our Company. Our success will depend on the support and willingness to help of everyone in the Company. Please consider leaving the Worshipful Company of Farmers Charitable Fund a gift in your will. No matter how large or small your gift, your generosity will help us to continue our long tradition of charitable work and the education of future generations of young people – it’s a tradition of which we should all be rightly proud and a part of.

Every gift large or small has made a difference and any future donations will be used to support our core objectives:

1.     To strengthen our endowment to help the Company meet the challenges of the future.

2.     To attract leaders in many fields of activity because they are the best way to further enhance the quality of the teaching and content on the courses we run.

3.    To be able to increase the scope of our activities in the fields of agricultural business management and research and to increase the disbursements made by our Almoners committee.

There are a number of ways that a legacy can be donated and the Company can help in the creation of exactly the right arrangement in a given situation.  A gift can be made for a specific purpose or activity but generally we would encourage Liverymen making a gift to allow the Livery to decide how best to allocate it.

The options open to Liverymen, or indeed anyone, wishing to donate to our charitable funds through their will, are broadly as follows:

a)    A Residuary Gift – the remainder of your estate after all payments and other bequests have been fulfilled.

b)    A Pecuniary Gift – the gift of a pre-determined sum of money

c)    A Specific Gift – the donation of something of value (property, assets, stocks and shares, investments etc)

d)    A Reversionary Gift – A gift that the Company only receives the benefit of upon the death of another beneficiary. 

You can also download suggested draft wording for the arrangement of various forms of legacy to discuss with your solicitor here Legacy Wording

If you would like more information, or would like to indicate your interest in creating a gift for the Company's Charitable Fund, then please contact Liveryman Richard Halhead, Charity Co-ordinator, The Worshipful Company of Farmers, Norbreck Farm, Cockerham, Lancaster LA2 0DY. Telephone 01524 752 421