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.
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.