Remember a charity week – Legacy Income
This week’s Remember a Charity week aims to highlight how your generous gift could support the numerous organisations that rely on donations to continue.
What is Legacy income?
A legacy income are monies that a charity receives, made up solely of planned donations, given through will or other form of designation. A choice that people make when planning their financial future taking into account their charitable wishes and values.
Legacy income is believed to be the single biggest source of income for charities, apparently worth more than £2 billion a year, but it can be overlooked when drafting a will.
Smaller and medium sized charities in particular have been hit hard by cuts in public funding to the third sector in recent years so every legacy helps.
If you would like to discuss leaving a gift to charity in your will, or would simply like to understand more, contact our Wills, Probate & Lifetime planning team.
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