Legacies feeling the nip?

The latest findings from the Legacy Foresight’s Legacy Monitor service have been released. This survey benchmarks 38 of the UK’s leading charities, who together account for 44% of the legacies market. Their quarterly benchmarking helps set the scene around legacies and how they are being affected by, for example the recession.

Megan reported on the last quarter, ending that Legacy Foresight expected to see legacy incomes decline by up to 10%.

Well we're not quite at that trough yet! Compared to this period last year, legacies are 2.3% down. More dramatically, the residual value of legacies has falled by 5.8%, compared with a rise of 6.8% from last year in this period.

There is perhaps a chink of light at the end of the tunnel however: whilst the values have decreased, the number of legacies has increased (see the 'notifications' bar in the graph below). So it seems that people still like to give to charities via their legacies but are not feeling as free with their cash as previously.

 

Contribution to change in legacy income - % change since Q2 2008

Graph showing contribution to change in legacy income

 

For more information on the Legacy Monitoring service, email Meg Abdy, Director of Legacy Foresight, or contact her via her profile.

Last updated at 11:17 Tue 29/Sep/09.
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