Legacy income for charities increases for fourth quarter running

Latest Legacy Foresight figures show this form of income accounted for £1.04bn in year to March

Year-on-year charity income from legacies has increased for the fourth consecutive quarter, according to latest figures from Legacy Foresight, which tracks the legacy market.

Data from the 61 members of the Legacy Foresight Consortium, which account for 55 per cent of the value of the charity legacy market, shows that combined legacy income in the year to the end of March was £1.044bn, up 1.4 per cent on the figure of £1.029bn for the previous 12 months.

The figure is approaching the recent peak of the year to September 2008, when combined income was £1.063bn.

An update from Legacy Foresight on the figures says it is the fourth consecutive quarter of modest year-on-year growth, "suggesting that we may be out of the legacy doldrums at last".

But it says that it is "perhaps too early to pop those champagne corks...With the continued sluggishness of the British economy, we do not expect any significant uplift in total income until next year."

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