Share

Legacy income rising, but sustainability questioned

Legacy income rising, but sustainability questioned
News

Legacy income rising, but sustainability questioned

Fundraising | Celina Ribeiro | 28 Feb 2011

Legacy income has increased year-on-year for the first time since the global credit crisis struck, according to new figures.

The year ending December 2010 saw a per cent increase in legacy value over the previous 12-month period, the first year-on-year rise for two years. This left the 51 member charities of the market tracking Legacy Market Monitor consortium with just under £1bn in legacy income for the year.

Increasing residual legacy values were the engine behind the strong performance last year, as residual legacies increased in worth by 3.1 per cent, year on year.

However, the Legacy Market Monitor authors warned that given the ongoing economic instability, this positive trend may not continue. The authors suggest that there will be a “softening in residual values – and possibly total legacy incomes – over the next few quarters”.

In slightly more positive news, the number of legacies left to charities continues to rise by a long-term average of 2.5 per cent per annum.

Residual value changeTotal legacy income change

Comments

[Cancel] | Reply to:

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.

Tags

Free eNews

£8m funding allocated to water rescue and Royal Navy charities

30 Jan 2015

The government has today announced the names of 23 water rescue and Royal Navy charities which will received...

Sector must address gap between public perception of charities and the truth, says Sir Stuart Etherington

28 Jan 2015

Public perception of what charities do can be very different to the truth and an "intelligent engagement...

Caron Bradshaw: ‘I think we took on too much too quickly’

28 Jan 2015

The chief executive of the Charity Finance Group, Caron Bradshaw, said yesterday that her charity took...

Shawcross reappointed as chair of the Charity Commission

29 Jan 2015

Francis Maude, minister for the Cabinet Office, has reappointed William Shawcross as chair of Charity...

Commission shows ‘real improvement’ but many concerns remain, says Public Accounts Committee

29 Jan 2015

The Charity Commission has been praised by Margaret Hodge, chair of the Public Accounts Committee, for...

Commission to investigate charitable school over private benefit from leisure centre and dating agency

29 Jan 2015

The Charity Commission is set to open a statutory inquiry into Durand Education Trust, a charity connected...

NGO domain pages will launch in May

28 Jan 2015

The Public Interest Registry will make the .ngo generic top-level domain name generally available from...

Comparison website for special needs services launched by charity consortium

23 Jan 2015

A coalition of social care charities has launched a TripAdvisor-style website, designed to help families...

CRUK debuts contactless giving through shop windows

21 Jan 2015

Cancer Research UK has announced a collaboration with outdoor media owner Clear Channel to bring contactless...

Join the discussion

Twitter button

@CSFundraising