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
New data released by Legacy Futures reveals that charity sector investment in legacy fundraising has grown considerably in recent years, likely reflecting both growing awareness of the importance of legacies in charity sustainability and hard work in securing budget for legacy marketing.
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Delegated authority allows charity trustees to assign some of their powers to internal committees, individual trustees, or employees, so they can carry out specific tasks or make certain decisions on behalf of the charity. In particular for us to allow key decisions in Legacy Administration.
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When talking to a charity fundraising director recently about getting trustees and other senior leaders on board with investing in legacies, she said: “Legacies is the equivalent of climate change. It’s so far ahead, people don’t want to invest in it.”
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