Legacy income will rise at end of 2010, says consortium

Latest monitor from Legacy Foresight says rates of decline have slowed since 2009

Meg Abdy, director, Legacy Foresight
Meg Abdy, director, Legacy Foresight

There is likely to be an increase in legacy income for charities in the final quarter of 2010, according to Legacy Foresight.

The most recent legacy monitor for the 12 months to September 2010 shows that the 42 members of the Legacy Foresight consortium, which represent almost half the charity legacy market, received income from this source totalling £890m.

This was £6.8m less than this time last year, but £14.2m up on the 12 months to December 2009. The latter period represents the recent low for legacy fundraising.

The report notes that in each monitor published since the end of 2009, the rate of decline has slowed.

Meg Abdy, director of Legacy Foresight, said improvements in the economy would bring a modest increase in legacy income over the coming months.

"Improvements in house prices and share prices will be feeding through to residual values," she said.

Abdy said this would give charities more financial stability, particularly those that are reliant on legacy income. "It will help to underwrite their activities more than before," she said.

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