Legacy donations to charities reached a record £3 billion last year, according to the latest data.
The data, published by legacy information company Smee and Ford, shows that 10,428 charities were named in Wills in 2018, with the biggest beneficiaries being the RNLI, Cancer Research UK and The Capricorn Fund.
Remember a Charity Week celebrates its 10th anniversary this week, from 9-15 September 2019, with figures revealing that donations account for one-third of a charity’s voluntary income.
Legacy donations have almost doubled in the last eight years, rising from £1.76 billion in 2010 to £3.36 billion last year.
The research indicates that a significant proportion of the growth in donations comes from small and mid-sized charities, with some of the top charities seeing a drop in legacy income.
Rob Cope, Director of Remember a Charity, the group which runs the annual charity week, said: “Over the last 10 years we’ve seen an incredible number of people choosing to leave a portion of their estate to their favourite charity in their Will, which is wonderful to see.
“That said, we are a very charitable nation so it’s surprising that just six in 100 people leave a gift in their Will, and it would be amazing if we could see this number continue to rise.
“Any gift – no matter how big or small – makes an enormous difference in helping charities to continue their incredible work, and what a wonderful way to ensure your legacy can live on after you’ve gone.”
For more information on estate planning and Wills, contact our expert team today.
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