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Leaving a gift in your Will to charity means that you will continue to support your favourite causes after you’ve passed. The donation can be as small or as large as you like – every gift makes a big difference.
10
Pecuniary bequests account for around 10% of total legacy income.
90
Residuary bequests account for around 90% of total legacy income.
3.3
The average number of bequests per charitable Will was 3.3 in 2019.
37
37% of estates containing bequests include only 1 charity in 2019, 22% contained 2 charities.
Deciding what gift to leave
There are a number of options for leaving a gift and you can clarify the specific details within your Will. The most common types of legacy gifts are:
1 Pecuniary
A fixed sum of money.
2 Residuary
The gift of the remainder of your estate (or a percentage of the remainder) after all other requests are fulfilled.
3 Specific
gift
Donation of a particular item, such as furniture or a vehicle.
4 Contingent gift
A donation based on certain conditions being met, such as your main beneficiary passing away before you.
Many people choose to make a monetary donation to charity in their Will. However, there are other options available if you wish to leave a charitable donation after your passing.
Plenty of charities and non-profit organizations will accept other assets as gifts, including:
- Residential property or land
- Personal property, including vehicles, artwork, antiques, or jewellery
- Investments such as stocks and mutual funds.
Whatever you leave, whether the value is large or small, you can be safe in the knowledge that it will contribute to the excellent work carried out by the causes that meant so much to you in life.
If you are unsure about what kind of gift you would like to give, talk to your solicitor.
If you are unsure about what kind of gift you would like to give,
talk to your solicitor. You can find details of how to write your Will or update
an existing Will with a codicil below:
Featured charities
