Direct Funds to Smaller Charities

Posted by on Jun 18, 2014 in Legal Services | Comments Off on Direct Funds to Smaller Charities

Direct Funds to Smaller Charities
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Most of us know about the bigger charities, like The Arts Council, Cancer Research, MacMillan, and Oxfam, but how do more local and much smaller charities manage to further their goals?

Local charities, mostly small charities, are defined as those who have a turnover of less than £1.5 million. For comparison, in their last published figures, Cancer Research had voluntary income of £363 million with legacy income from wills written at around £160 million.

This shows why it is important for smaller charities to make inroads into society to ensure their current awareness is powerful and also how they go about planning for the future – by asking people to leave a legacy to the charity in an individual’s last will and testament.

Small Charity Week helps promote the smaller charities by helping them temporarily join together to focus the needs to give to smaller charities by a week’s activities; running this week, June 16-20, 2014.

From the Small Charity Week website:

Cancer Research UK and MacMillan; global development groups Save the Children, Oxfam and the British Red Cross; and animal charities such as the RSPCA and the RSPB. Humans, birds and animals gather together in the top 10.

Small Charity Week celebrates and raises awareness of the essential work of the UK’s small charity sector who make an invaluable contribution to the lives of millions of individuals, communities and causes across the UK and the rest of the world.

Small Charity Week is brought to you by the Foundation for Social Improvement (FSI), who with the support of partner organisations ensure the work of small charities is recognised and celebrated.

Do you know how to leave a legacy in your will to a smaller charity? It works the same way as leaving money to a large charity, with the important point being that you must have the charity’s official charity number and the relevant clause in your will, which allows the charity to change their name and address in the future, and still receive your legacy.

35% of the UK say they’d be happy to leave a small gift to charity once they’ve taken care of family and friends, so you’ll be surprised by how many people want to support a local or small charity with a legacy and not just rely on the bigger charities to take all of the funds available.

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