With charitable legacies worth almost £2 billion, they are of immense importance to both the third sector and the beneficiaries of charitable work. However, the impact of the downturn is likely to have considerable negative repercussions for legacy giving. With house and share prices falling, and with many donations made as a percentage of a legator’s estate, the outcome is likely to be that charities receive a smaller absolute, if not proportional, amount.
“Charitable Legacies in an Environment of Change” — a report published by The Smith Institute.
