Medical charities 'most popular for legacies'
Charities
12th August 2009
Medical charities receive more money from wills than any other category in the sector, new research has revealed.
Health-related organisations accounted for six out of the 20 charities most often left cash by deceased donors between April 2007 and December 2008, according to the Cass Business School, while animal charities were second most likely to receive legacies and those benefiting children were in third place.
The study indicated that an estimated £1.9 billion is bequeathed to charities each year, responsible for one-third (34 per cent) of the fundraised income of the ten most popular organisations.
Charity insurance customers may also be interested to discover that Professor Cathy Pharoah of Cass Business School, predicted that environmental groups will become more popular for legacies in the future "as climate change is featured more heavily on the news agenda and people become more aware of such issues".
In related news, a recent report by fund manager Cordea Savills and investment manager Rensburg Sheppards indicated that charity investment income has dipped by around £239 million since the start of the year.
For more information on how Giles can help you insure your charity, Click here.
