Businessman killed with family in seaplane crash 'leaves £41m to Oxfam'

The Sun reports that Richard Cousins, head of the catering company Compass, had planned to leave most of his money to his two sons, but they also died in the accident

Richard Cousins (Photograph: Getty Images)
Richard Cousins (Photograph: Getty Images)

Oxfam is to receive a £41m legacy from a businessman who was killed with his family in a seaplane crash in Australia, it has been reported.

The Sun newspaper said today that Richard Cousins, head of the catering company Compass, who died near Sydney on New Year’s Eve, had planned to leave the majority of his wealth in trust for his two sons, but they also died in the crash along with Cousins’ fiancée Emma Bowden and her 11-year-old daughter.

A clause in Cousins’ will said that in the event he and his sons were all killed together Oxfam should become the main beneficiary of his estate, The Sun reported.

The charity is understood to be unable to confirm the amount involved or what it might do with any funds donated because it is too early in the probate process.

Oxfam received legacies totalling £19.8m in a total income of £408.6m in the year to the end of March 2017, its latest accounts show.

It emerged in June that the effects of this year’s safeguarding scandal meant the charity was seeking to make savings of £16m.

The charity had previously said the scandal meant it had to make about 100 redundancies.

A spokesman for Oxfam said today: "We are extremely grateful for this bequest, of which we have only recently been notified.

"We are working with the family and our board of trustees to identify how the money will be used."

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