Some Facts about Legacies

Extracts from an unattributed article in a paper REMEMBER A CHARITY distributed with The Daily Telegraph on Saturday September 19, 2009.

‘Leave even a small legacy to a charity of your choice in your will, and you will be making a substantial contribution to its vital work for future generations.’

‘Legacies help charities maintain their services through the years …’

‘Leaving a gift to charity is a simple form of giving, and one which cuts out any fears of parting with hard earned money that may be needed while you are still alive.’

‘Your legacy can be as simple as leaving a small percentage of your estate to a charity.’

‘That’s something that anybody can do, not just the very wealthy because charities are grateful for legacies of any size.  They are the bread and butter that keep the organisation going.’

‘Of course family and loved ones should always come first: but donations to charity in wills can sometimes mean your family avoids paying inheritance tax on your estate.’

‘Meanwhile, the charity you have pledged your money to does not have to pay the 40 per cent inheritance tax, which means it receives the full value of the gift.  It’s a win-win situation.’

‘And it's important to remember that some British charities rely so heavily on legacies that they account for 70 per cent of their funds.’

‘No matter what the legacy is, no matter how big or small, it all helps.’

‘All charities exist through gifts – and particularly gifts in wills.’

‘What matters is the end result which is to make life better, even after your own death.’

Leaving a Legacy

If you want to leave a legacy, bequests should be in the name of the British Israel Bible Truth Fellowship (Registered Charity No. 272447).