He died in Carmarthen, where he was then living, on 24 April 1713, and was buried in St Peter's Church; a memorial to him was placed on the north wall of the chancel.
His will, dated 25 March 1712, said: I always intended to bestow a good part of what God should please to bless me with for the encouragement of learning in Jesus College, in Oxford.
The scholarships and exhibitions were to be awarded to Jesus College students from North Wales, until they obtained their Master of Arts degree or were receiving more than £40 per year from a parish appointment.
[4][5] This proved to be a profitable investment since, by 1840, the college had received more than £10,000 through the sale of trust land near Cheltenham for railway purposes.
[4] Meyrick scholarships and exhibitions are still awarded to students at Jesus College, based on academic merit.
Students performing consistently at a first-class standard during the year in the opinion of their tutors may be awarded a Meyrick scholarship, with consistent performance at upper second to first-class standard potentially leading to the award of a Meyrick exhibition.