At both colleges, William stipulated daily prayers for Richard II and his queen, William and his parents, and his former patrons, Sir Ralph Sutton, Sir John Scures, and Thomas Foxley. The funds to endow the colleges, and pay for the building works, came from William's lucrative church positions, discounting of exchequer tallies (that is, speculation on tax revenues due to the king), exporting wool, and using his influence to obtain papal approval for the acquisition of the income of the "alien priories" that belonged to monasteries in France, which were confiscated by the crown during the Hundred Years' War. He also started the rebuilding of the nave of Winchester Cathedral in 1394. William was concentrating on his foundation by the time Henry IV deposed Richard II in 1399, but he welcomed the new king in Winchester in 1400. William died at Bishop's Waltham in Hampshire on 27 September 1404 and was buried in his chantry chapel on the south side of the nave in Winchester Cathedral. At the time of his death, he was one of the richest men in England. Much of his wealth went into the schools he patronised, but he also contrived to leave a fortune to a nephew, whose descendants include the Twisleton-Wykeham-Fiennes family and the Longe family. William's motto was 'Manners makyth man'. This, along with a coat of arms, were assumed by him and not acquired by descent. His biography was written by Bishop Lowth. He was also written about by Lord Brougham in his 'Old England's Worthies' (1857) and by Froissart. 'Manners Makyth Man' is also the motto of the establishments Wykeham founded, Winchester College and New College, Oxford.