Legacy giving is undoubtedly one of the fundraising success stories of recent times. Over the past 30 years, real legacy income (after inflation) has trebled in value, set to reach a record £4bn per annum by the end of 2022, and is expected to grow strongly over the next three decades. At Legacy Foresight, we forecast that legacy incomes will double in real terms (after inflation) by 2050.
Civil society
Tribute funds… public dedications… places of remembrance… it’s all going on with charities’ in-memory products. Some of these offers work well for supporters who aren’t yet ready to close the door on their giving or fundraising after they first connect.
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The Autumn Budget has brought some big changes to the UK’s tax system, particularly in the areas of inheritance tax, capital gains tax, and pensions—all likely to have an impact on legacy giving. With charitable legacy giving exceeding £4bn in 2023/24, these changes and their possible affects are certainly worth reviewing.
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A UK charity has received £1.8 million in a landmark legal decision, after winning a contested will case with the specialist help of Legacy Link, part of the Legacy Futures Group.
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