Legacies – only 27,000 people a year leave a charitable bequest

Richard Radcliffe of Smee and Ford reports on the latest figures on charitable bequests.Richard Radcliffe of probate analysts Smee and Ford writes on charitable will-making in the latest Royal Society of Arts Journal. “Legacies are the single largest source of voluntary income available to charities,” he writes, “accounting for 34% of voluntary income.”They are worth £1.2 billion to charities, five times more than the sum donated by businesses to charities, yet they come from just 27,000 people. “Why is it that 85% of the population give to charity in their lifetime but only 5% include charitable bequests on their death?” asks Radcliffe. Advertisement AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Seventeen per cent of people die intestate – without a will. The probate value of all 237,000 wills each year is £19.8 billion, of which only £1.2 billion is donated to charity. The average female legator dies at 82, compared to the average female who dies at 80. The average male legator dies at 79, compared to the average mail who dies at 77. The average citizen dies at 69 if intestate, 79 if testate, and 82 if testate and leaving a charitable bequest. Hence Smee and Ford’s amusing comment that if you write a will and leave a charitable bequest you are likely to live a couple of years longer.Radcliffe reports that will writing is increasing: intestacy has decreased over the last 10 years, down from 21% to 17%. Unfortunately the percentage of charitable legacies has not increased. Legacies – only 27,000 people a year leave a charitable bequest Howard Lake | 1 April 2000 | News  13 total views,  1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of GoodJobs.org.uk. Researching massive growth in giving. read more