# Lacklustre economy impacting legacy income growth, figures show

- Link: https://fundraising.co.uk/2018/08/14/lacklustre-economy-impacting-legacy-income-growth-figures-show/
- Published: 2018-08-14T08:00:35+01:00
- Author: Melanie May

**Legacy income rose by 4.5% to reach £1.49 billion among Legacy Foresight’s 83 
consortium members in the year to June 2018, according to the latest figures.**

 

The increase is slightly slower than the increase reported in the last Legacy Bulletin,
with legacy income growth among consortium members stalling in the last six months.
It fell by 1.25% between the year to December 2017 and the year to June 2018. [Legacy Foresight](http://www.legacyforesight.co.uk/)
attributes the slowdown to a combination of lower bequest numbers at the end of 
last year and a more lacklustre economy over the first half of 2018.

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The 12 months to June also saw average residual values once again drop, from £59,700
to £57,800, according to Legacy Foresight, while average cash gift values were worth
just under £4,000 each.

 

Legacy Foresight states that residual bequest values were a key factor in driving
overall income up during the second half of 2017, while the fall-off in those values
seen in the first quarter of 2018 is a factor behind the recent weakness in overall
income. Across the Legacy Monitor consortium, average residual bequest values have
dropped back below the £60,000 level to stand at £57,800 over the latest year.

 

After six months of rising pecuniary bequest values the year to June also saw a 
fall, with the average pecuniary bequest in the year to June worth just under £4,000.

 

2018’s weather is likely to have an effect on bequest notifications in the months
to come, according to the Bulletin. The latest [ONS](https://www.ons.gov.uk/) figures
quoted by Legacy Foresight show that a higher level of bequest notifications was
seen in the second quarter of this year due to increased deaths caused by the earlier
cold snap. Looking ahead, Legacy Foresight is predicting that the hot summer is 
also likely to lead to a higher death rate than might otherwise be expected, which
could have a knock-on effect on bequest notifications later in the year.

 * **[Value of gifts in wills rises over 30% in 12 months, figures show](https://fundraising.co.uk/2018/09/11/value-gifts-wills-rises-30-12-months-figures-show/)**(
   11 September 2018)
 * **[Irish charities benefit from €30 million legacy](https://fundraising.co.uk/2018/11/05/irish-charities-benefit-from-e30-million-legacy/)**(
   5 November 2018)
 * **[League table reveals top 20 charities for legacy considerers](https://fundraising.co.uk/2018/11/19/league-table-reveals-top-20-charities-legacy-considerers/)**(
   19 November 2018)

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