Leaving a gift to charity in your Will
As a nation of philanthropists, the UK raises millions of pounds for charity every year. Through various fundraising activities, a massive 74%of us regularly donate to charity during our lifetime.
A survey by Remember a Charity found that more than a third of people said they would consider leaving something to charity in their Will, after providing for their family and friends.
As the single biggest source of voluntary income to charities and non-profit organisations in the UK, legacy fundraising (any gift left in a person’s Will) is a vital source of income for the third sector.
The problem is, however, that only 7% of people are actually doing this.
Nevertheless, legacies remain the foundation of British charities, creating almost £2 billion each year, the equivalent of 19 Comic Relief campaigns. Without this income, many charities would be unable to carry out their vital work.
Taking place from 12-18 September, this year’s Remember a Charity in your Will Week is encouraging people to consider leaving a charitable gift in their Will. As part of the campaign, they are asking the nation to reflect on their own words of wisdom through the online quote generator and to share them with the hashtag #mywisdom. These sayings and wise words shared are a way of passing on the values people hold dear, much like passing on a gift to charity within a Will.
It is, of course, easy to put off making a Will but if you die without making one then your assets may be distributed according to intestacy rules, rather than your best wishes.
As your lasting testament to the people and causes that were important to you during your lifetime, making a Will is the only way to be sure that your estate is handled in accordance with your requests. For more information on our range of legal services, please visit www.goldencharter.co.uk or call 0800 111 4514.