He received several grants of monastic estates, including Holy Trinity Priory in Aldgate, London and the abbey of Walden, Essex, where his grandson, Thomas Howard, 1st Earl of Suffolk, built Audley End, doubtless named after him. In 1542 he endowed and re-established Buckingham College, Cambridge, under the new name of the College of St Mary Magdalene (commonly Magdalene College), and ordained in the statutes that his heirs, "the possessors of the late monastery of Walden" should be Visitors of Magdalene College "in perpetuum". The power to appoint the Master of the College was vested in the Visitor until an amendment to the College Statutes in 2012. The arms of Magdalene are derived from his.