Tory peer pledges £900m charitable legacy

A billionaire Tory peer has pledged to leave around £900m to charity in one of the largest donations ever promised in the UK.

Lord Ashcroft, former treasurer of the Conservative Party and founder of the anti-crime charity Crimestoppers, has pledged to give away 80 per cent of his fortune when he dies because he is "not a great believer" in inherited wealth.

He announced his decision in a new epilogue to his new book Dirty Politics, Dirty Times, published this month.

Lord Ashcroft said his family, who will inherit the rest of his estate, will be responsible for administering his charitable foundation.

He has also supported the NSPCC, the Disability Foundation, the Restoration of Appearance and Function Trust and the Stroke Association.

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