Economic downturn threatens legacy fundraising

Pessimism over house prices and share prices for the rest of 2020 has led Legacy Foresight to revise its forecasts for legacy fundaising in light of the coronavirus pandemic.

During this period, legacy income to charities could fall by between 3% and 9%, with economic slowdown primarily responsible. Uncertainly over death rates will add to volatillity. Predictions for 2021 onwards are much brighter though, and legacy income to charities is expected to grow 14%-19%, from £3.2bn to as much as £3.8bn by 2024.