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Charities show a will to increase legacy income

June 16, 2011 14:21
Overseas aid: JNF runs legacy tours to Israel to let supporters see where their money will go

By

Jessica Elgot,

Jessica Elgot

4 min read

Communal organisations are striving to capitalise on government legislation encouraging people to leave charitable legacies.

Just 17 per cent of Britons currently make a charitable allowance in their estates. The hope is the number will increase following George Osborne's Budget announcement of an inheritance tax cut from 40 to 36 per cent for anyone leaving at least 10 per cent of their estate to charity.

The JNF is particularly dependent on legacies, which at around £3 million annually, account for up to 60 per cent of its income. Jewish Care and Norwood are less reliant, but still attract considerable sums.

"Ten per cent of our income comes from legacies," reported Jewish Care chief executive Simon Morris. "We need up to £4 million a year to come in so we can balance our books - it's vital. We need to make people more aware of the value of giving a legacy, so what the government is doing is very welcome. If we lost our legacy income tomorrow, we would have to seriously review our services."

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