Leaving a bequest in your will to the College is a way of securing an endowment fund for future students. It is an opportunity to provide a Scotch education for students who otherwise could not afford it. However, donations to the education endowment are not tax deductible.
Bequests can be in the form of property, real estate, shares, jewellery, art, antiques or cash. The bequest may be a specific sum of money, or a percentage of the estate.
The Gratton Society honours the first Headmaster of Scotch College at Torrens Park. It also recognises the donors in our community who continue to provide for the future of the College, by remembering the College in their will.
Norman Murray Gladstone Gratton CBE, BA Dip Ed (1886 - 1965) was Headmaster of Scotch College for 34 years, from its inception in 1919 to his retirement in 1951.
A Unique Need The Gratton Society has been established because there is no short cut to delivering a well rounded education to a diverse student community.
Scotch College is grateful for the contributions so many people in our community have made since well before Torrens Park became our home. Still we must provide for the future.
Membership of The Gratton Society will ensure that Scotch College continues to produce graduates with the community spirit sought by Norman Gratton.
Membership of The Gratton Society Membership of The Gratton Society is open to any member of the community who includes Scotch College in their estate plans.
How will the bequest be utilised? Funds are invested in long term securities. Part of the interest returned will maintain real value. The residue will be used to fund various educational and scholarship programmes within the College.
Rewards Now Through membership of The Gratton Society you will be kept informed of and invited to significant events within the College.
New members may be listed in the Annual Report in Scotch Reports if so desired.
A Gratton Society tie or scarf will be presented.
The greatest reward will be in knowing that Scotch College will continue and develop further in the mould of its founding benefactors.
To learn more, please call the Head of Development, telephone (08) 8274 4305.
Qualifying gifts include:
A specific bequest in property This may be anything of value: real estate, shares, jewellery, art, antiques, etc.
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A specific bequest of money This is a simple bequest but should be used cautiously as inflation can quickly erode the original value of your gift.
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A bequest of a percentage of an estate A gift of this kind avoids the problems of a specific sum of money. It allows for changes in the size of your estate without unfairly affecting other beneficiaries. For example, you may wish to nomiate 1 or 2% of your estate.
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A bequest of the residue of an estate After making specific bequests you can give the residue to Scotch. The value of this bequest will naturally vary with the changing value of your estate.
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The life interest in a home It is possible to leave a life interest in a house you own - ie. the beneficiary has the use of the property during his/her lifetime but on his/her death it may pass to another beneficiary, perhaps Scotch, in accordance with the terms in your will.
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A bequest of the whole of your estate If the is no one to whom you wish to leave your estate you may leave your whole estate to Scotch.
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