Lord Ashcroft to bequeathe 80% of assets to charitable foundation
Howard Lake | 22 October 2008 | News
Lord Ashcroft, the Conservative Party deputy chairman, has announced that he will donate at least 80% of his assets on his death to a charitable foundation which he will establish. This could mean a donation of around £900 million, according to The Daily Telegraph.
The foundation will be run by his family as its trustees.
Lord Ashcroft has made substantial donations to the Conservative Party, NSPCC, Disability Foundation, and the Imperial War Museum. Twenty years ago he founded the Community Action Trust, now the Crimestoppers charity.
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The announcement was made in a new epilogue to his book Dirty Politics, Dirty Times. “I have never been a great believer in inherited wealth”, he wrote.
www.lordashcroft.com
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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.