Since Sir Henry Tate’s founding gift in 1897, Tate has been caring for, growing and sharing our national collection. Now more than ever, as a charity Tate relies heavily on the generosity of our supporters.
Every gift makes a difference
After you’ve looked after your family and friends, please consider leaving a gift to Tate in your Will. A planned gift to Tate will help us:
- Open the galleries every day for everyone, for free, forever
- Care for our national collection, conserve artworks and our iconic buildings, to ensure they can be enjoyed by generations to come
- Create world-class exhibitions that inspire, evoke emotion and create debate
- Deliver pioneering learning programmes that encourage engagement with art, artists and ideas
- Keep building our collection by acquiring significant artworks from historic and emerging artists
Any gift we receive, no matter the size, makes a vital contribution to our ongoing work. Unrestricted gifts, of all sizes, are especially important as they enable Tate to use your donation wherever the need is greatest.
Leave Tate an artwork
If you are thinking of leaving an artwork to Tate in your Will, please contact us in advance so that we can discuss your gift and ensure that Tate will be able to accept your artwork when the time comes. In addition to gifts of art made directly to Tate, there are two tax-efficient giving schemed operated by Arts Council England for which an artwork gift may be eligible:
Acceptance in Lieu scheme
The Acceptance in Lieu scheme enables taxpayers to transfer works of art into public ownership while paying inheritance tax. The taxpayer can benefit from a greater proportion of its value than if the same artwork is sold and the proceeds used to meet the liability. The artwork then becomes property of Tate.
Cultural Gifts scheme
This scheme enables UK taxpayers to donate works of art in their lifetime for the benefit of the nation. In return, donors receive a reduction of income and capital gains tax based on a set percentage of the value of the item they are donating.
Frequently asked questions
Can I choose what my gift is spent on?
Yes you can. We welcome gifts that can be spent wherever the need is greatest because they help us carry out the most urgent work. However, we are also very happy to accept gifts that support an area of our work, for example, education or conservation. That means you can choose precisely what your money is spent on.
How do I choose the best way to plan a gift to Tate while also looking after my loved ones?
There are a few different ways that you can structure your planned gift in your Will. Browse the PDFs below to find out which might be best for you.
We recommend you use a qualified solicitor to ensure your wishes are recorded properly.
How easy is it to change my Will to include Tate?
If you already have a Will and want to add a gift to Tate, it’s very easy to make this change by using a simple legal document called a codicil. This document acts as an addition to your existing Will and is provided below:
Do I need to tell you that I’ve left a gift in my Will to Tate?
You don’t need to tell us, but if you feel comfortable sharing your intentions, we’d love the chance to thank you.
We can keep you up to date with how gifts are helping in an annual newsletter and invite to join the 1897 Circle, Tate’s honorary Legacy club, as well as invites to other special events.
Is Inheritance Tax affected if I make a gift to Tate?
As a charity, any gift to us is free from Inheritance Tax. There are schemes which can reduce Inheritance Tax on the estate through charitable giving. If you leave 10% or more to charity you can benefit from a reduction in Inheritance Tax – please ask your adviser or visit gov.uk for more information.
Get in touch
If you would like to talk to us about leaving a gift in your Will or have any questions, please don’t hesitate to get in touch with our Legacies Team – we’re here to help.
Call: +44(0) 207 887 8760