Institute's Lifetime Legacies survey closes today
Howard Lake | 7 March 2005 | News
The Institute of Fundraising’s online survey on ‘lifetime legacies’ in the UK closes at the end of today.
The Institute of Fundraising’s survey aims to establish the views of fundraising organisations about what can be gained from Lifetime Legacies in the UK. It was launched online on 22 February 2005.
Lifetime legacies, known as charitable remainder trusts, are major sources of income for many US nonprofits. Since their introduction there over 35 years ago, around $100 billion has been donated to charity in this method. A Lifetime Legacy involves a donor investing capital, such as a second home, for a fixed period, during which time the gift acquires interest. The donor receives an income from this interest, and the remainder passes to the donor’s chosen charity at the end of the life of the trust.
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Lifetime Legacies are not currently available in the UK. However, the Institute of Fundraising and fellow members of The Lifetime Legacy Coalition are lobbying the Government to introduce tax breaks on lifetime legacies for UK donors and charities, and to make changes to the UK tax regime that would increase major gifts to charities.
The Institute of Fundraising is inviting one representative from each fundraising organisation to complete the by 5pm today. Each organisation that takes part, together with Institute members, will receive a full analysis of the results.
About Howard Lake
Howard Lake is consultant editor of UK Fundraising. He founded the site in 1994 and successfully sold it in 2022. As director of Giving X Ltd he is exploring growing giving on a massive scale.
He is the founder of Fundraising Camp and co-founder of GoodJobs.