Civil Society, 24th July 2024
Report highlights growth in legacy donations to arts charities
A new report has highlighted a recent growth of legacy donations to arts charities, outpacing an increase elsewhere in the sector.
The Art of Legacies, published by Remember A Charity, includes data from consultancy Legacy Foresight, which listed 34 arts, culture and heritage organisations in its top 1,000 charities for legacy income in 2022-23. It says that in 2022-23, these charities received £30m in legacy income, which has grown by an average of 10% per annum in the last 10 years. The report says that the average growth for legacy income in the arts is nearly twice as much as the 5% annual growth seen by the top 1,000 charities overall. However, it notes that there are “peaks and troughs in legacies with some years bringing unusually large gifts”…
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