Legacy income drops for second consecutive quarter 1

Fundraising | Celina Ribeiro | 30 Aug 2011

Charity income from legacies has fallen for the second consecutive quarter, according to figures released by the Legacy Market Monitor.

The total amount of income from legacies for the 51 charities which form the Legacy Foresight consortium fell to £977m in the year leading up to June 2011. While it was a slight improvement (0.3 per cent) on legacy income in the year ending June 2010, it represents a downward trend over this year.

These latest figures are marginally down on the total legacy income for the year ending March 2011 (£981m), which was itself down on the December 2010 figures (£992m).

Legacy Foresight blamed the falling house prices and share values for the decline. These economic factors have impacted on the average residual legacy value, which remains 6 per cent lower than its pre-recession peak, now at £51,600.

The legacy group warned that economic indicators suggest the UK could be moving back into recession, which would have a knock-on effect on legacy values and charity income.

Directory: Legacy Foresight

Place a comment

Richard Radcliffe
Legacy consultant
smee and Ford
2 Sep 2011

Legacy income for the big charities might be dropping but it will be interesting to see if this is case for smaller charities. In this recession I meet supporters who constantly want to make sure their "investment" of a legacy is used to best effect. If donors have a sense of a large charity having "too much money" they change their legacy and give to a more needy or less wealthy cause. Local charities, whether they are a museum, orchestra, hospice, or school are all incredibly attractive to legacy prospects because they can "touch" the charity and see it in action in their local community. WE must also remember that more and more people are putting a gift in their Will because they have no cash but can give later, and continue their giving, after they die.

[Reply]

Comments

[Cancel] | Reply to:

Name *

Email *

Organisation

Job Title

Comments *

Verification *

* Please read our Community Standards

Close »

Community Standards

The civilsociety.co.uk community and comments board is intended as a platform for informed and civilised debate.

We hope to encourage a broad range of views, however, there are standards that we expect commentators to uphold. We reserve the right to delete or amend any comments that do not adhere to these standards.

We welcome:

Robust but respectful debate
Strongly held opinions
Intelligent relevant discussion
The sharing of relevant experiences
New participants

We will not publish:

Rude, threatening, offensive, obscene or abusive language, or links to such material
Links to commercial organisations or spam postings. The comments board is not an advertising platform
The posting of contact details for yourself or others
Comments intended for malicious purpose or mindless abuse
Comments purporting to be from another person or organisation under false pretences
Gratuitous criticism, commentary or self-promotion
Any material which breaches copyright or privacy laws, or could be considered libellous
The use of the comments board for the pursuit or extension of personal disputes

Be aware:

Views expressed on the comments board are left at users’ discretion and are in no way views held or supported by Civil Society Media
Comments left by others may not be accurate, do not rely on them as fact
You may be misunderstood - sarcasm and humour can easily be taken out of context, try to be clear

Please:

Enjoy the opportunity to express your opinion and respect the right of others to express theirs
Confine your remarks to issues rather than personalities

Together we can keep our community a polite, respectful and intelligent platform for discussion.