Encouraging Legacy Giving

in your Parish

Eleanor GillNational Legacy & Funding

• Financial opportunity

• Christian Giving

• Life affirming

• Appropriate

• Prospects

• Mortality Rates

• Face to face fundraising

• Making the ask

What does the word

L E G A C Y

mean to you?

Legacies

A POT OF GOLD

Voluntary Sector • Worth around £2 billion pa

Church of England• Worth £44.2 million in 2011

Data: Institute of Fundraising

1. Valuable source of income

75% of Britons …

An increase of just 4% would raise a further £1 billion pounds!

Data: Institute of Fundraising

2. Legacy Market

£400 m

£300 m

£200 m

£100 m

£0Cancer

ResearchRNLI RSPCA BHF

National

Trust

Voluntary Income

Legacy Income

£400 m

£300 m

£200 m

£100 m

£0Cancer

ResearchRNLI RSPCA BHF

National

Trust

Voluntary Income

Legacy Income

Church of

England

£400 m

£300 m

£200 m

£100 m

£0Cancer

ResearchRNLI RSPCA BHF

National

Trust

£400 m

£300 m

£200 m

£100 m

£0Church of

England

£400 m

£300 m

£200 m

£100 m

£0Cancer

ResearchRNLI RSPCA BHF

National

Trust

Voluntary Income

Legacy Income

Church of

England

Extension of our regular giving• fundamental part of giving

We teach proportionate giving • extension of St Paul’s teaching

Generosity and Sacrifice• for it is in giving, that we receive

Christian Giving

Called to exercise Godly Stewardship

“For all things come from you, and of your own

we have given you.” 1Chronicles 29.14

A Simple Part of Good Stewardship

Theological Reasons

Stewardship – Will Writing

“Watch out! Be on your guard

against all kinds of greed: a mans

life does not consist in the

abundance of his possessions.”

Luke 12 .16 – 22

“ Each man should give what he has decided in his

heart to give, not reluctantly or under compulsion,

for God loves a cheerful giver.” 2Corinthians 9.6

A lasting gift to God • not to pay the bills

The largest gift to God • a gift that costs nothing

Mission & Ministry

St Paul’s, Tongham

A legacy left enabled the parish to part-fund a full-time Children’s and Families Worker with the security

of sufficient funding for several years.

All Saints’, Lightwater

A legacy left to by parishioners Frank and Hazel

was used to make a joyful sound as the newly-

restored bells ring out their greetings.

St Luke’s, Watford

In Memory of Joyce

What could your parish do?

£1,000 £10,000

£50,000£100,000

£5,000

£500,000£250,000

£25,000

“I’m sorry love. We’re Northern and that’s all there is to it.”

A Simple Part of Good Stewardship

• Theological Reasons

• Practical Reasons

Stewardship – Will Writing

1. Intestacy Rules

1. Intestacy Rules

70% of adults in this Country

do not have a Will …

Data: Financial advice service unbiased.co.uk

A Simple Part of Good Stewardship

• Theological Reasons

• Practical Reasons

Stewardship – Will Writing

2. Inheritance Tax

1. Intestacy Rules

2. Inheritance Tax

Nil rate band £325,000 frozen until 2018/19

More estates taxable•17,000 in 2010-11

•20,000 in 2011-12

More revenue raised•£2.72b in 2010-11

•£2.91b in 2011-12

A Simple Part of Good Stewardship

• Theological Reasons

• Practical Reasons

Stewardship – Will Writing

2. Inheritance Tax

1. Intestacy Rules

3. Triggers

3. Triggers

People make or review their Will

at different life stages

Legacies

Financial

Theological

Practical

Mission & Ministry

Coffee Break

Why do people leave a legacy?

• Does anyone support a charity?

• Why do you support that charity?

• Has anyone included a gift in their Will?

• Why have you included a gift in your Will?

A gift to the Charities Vision

Recap

‘What day is it? asked Pooh

‘It’s today’ squeaked Piglet

‘Ah my favourite day’ said Pooh

Financial Theological PracticalMission & Ministry

What your Parish can do

Step 1

Make and Communicate a Legacy Policy

What your Parish can do

Step 2

Make legacy literature available

www.ParishResources.org.uk/order

Step 3

Hold a Thanksgiving Service

What your Parish can do

• Legacy Sunday

• Month of Remembrance

• Saying Thank you

Review Legacies Regularly

Step 4

www.churchlegacy.org.uk

Simple Parish Steps

Step 1: Make and Communicate a Legacy Policy

Step 2: Make legacy literature available

Step 3: Hold a Legacy Service

Step 4: Review legacies regularly

My Final Thought

By far, the largest trigger for people leaving a

Gift in their Will is …

when they’re asked!

Questions, Thoughts, Comments