Legacy income for charities rose by seven per cent in 2012

Figures from the quarterly Legacy Foresight say this form of income accounted for £1.05bn, compared with £981m in 2011

Charity income from legacies grew by 7 per cent in 2012, according to the latest figures from Legacy Foresight, which maps and models the legacy market.

Data from the Legacy Foresight Consortium, which has 61 members that account for 55 per cent of the value of the charity legacy market, shows that this source of income was £1.05bn in the year ending in December 2012, compared with £981m in the year ending in December 2011.

The figure is produced quarterly for the 12 months to the end of that quarter – and the figure has risen for the past three quarters. The figure for the year ending in December 2012 was 2.2 per cent higher than that for the year ending in September 2012.

The average residual bequest – the amount left to charity in a will – has risen to £53,900, the first time it has gone higher than the last peak of £53,700, seen before the economic downturn in the latter stages of 2008.

But Legacy Foresight warned that it did not expect "any significant uplift in total incomes until 2014, due to the continued sluggishness of the British economy".

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