Its forecasts suggest that charity legacy income will continue at around the same level for the next few years, despite ongoing economic challenges. This is because, while a subdued economic environment is likely to drive reductions in the average value of residual gifts over the next couple of years, other factors should keep annual legacy income stable, with a long-term upward growth trajectory.
UK Fundraising
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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Our new report provides an insight into the extent of the recruitment and retention challenges facing the legacy fundraising market today.
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