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Encouraging Legacy Giving in Your Parish by Eleanor Stead, National Legacy & Funding Officer

Discover the financial opportunity of legacies with valuable insights on Christian giving, life-affirming practices, and prospects in legacy income. Learn about its impact, legalities, and how to encourage legacies in your parish through a simple, yet impactful journey. Gain knowledge on the significance of generous and proportionate giving, making a lasting difference through proper stewardship. Explore resources and steps to initiate legacy discussions and policies effectively. Uncover the potential benefits to your parish’s income and charitable status. Join the movement towards securing a legacy for future generations. Contact Eleanor Stead for questions and support.

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Encouraging Legacy Giving in Your Parish by Eleanor Stead, National Legacy & Funding Officer

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  1. Encouraging Legacy Giving in your Parish Eleanor Stead National Legacy & Funding Officer

  2. What’s Peter Pan got to do with legacies?

  3. Why was £500 left to the RSPCA?

  4. How much is a painting worth?

  5. Financial opportunity • Christian Giving • Life affirming • Appropriate • Prospects • Mortality Rates • Face to face fundraising

  6. Legacies A POT OF GOLD

  7. * Valuable Source of Income Voluntary Sector • Worth around £2.8 billion pa Church of England • Worth £55 million in 2016 Data: Institute of Fundraising

  8. Legacy Market 75% of Britons regularly give to charity, but only 6% leave a gift in their will… Data: Institute of Fundraising

  9. Data: Charity Financials 2017 Voluntary Income Legacy Income

  10. Data: Charity Financials 2017 Voluntary Income Legacy Income

  11. Data: Charity Financials 2017 Voluntary Income Legacy Income

  12. Data: Charity Financials 2017 Voluntary Income Legacy Income

  13. * Christian Giving • Christian Giving • Generosity & Sacrifice • Proportionate Giving

  14. A Lasting Difference

  15. Writing your Will A Simple Act of Good Stewardship

  16. “And if he have not before disposed of his goods, let him then be admonished to make his Will, and to declare his debts, what he oweth, and what is owing unto him; for the better discharging of his conscience, and the quietness of his Executors. But men should often be put in remembrance to take order for the settling of their temporal estates, whilst they are in health…” Book of Common Prayer, 1662

  17. Legalities: 2 Things

  18. 1. Inheritance Tax Nil rate band £325,000 frozen until 2018/19 NB rate over Nil rate band may be reduced if 10% or more of estate is left to charity. https://www.gov.uk/inheritance-tax/overview

  19. 2. Registered Charity Number • All PCCs hold Charitable Status • What is your Parish Income? • All gifts in Wills exempt from IHT • Proper Receiving Body = PCC

  20. How to Encourage Legacies…

  21. 4 Simple Steps … • Request a Free PCC Legacy Toolkit • Make & Communicate a Legacy Policy • Make Literature Available

  22. 4 Simple Steps … • 4. Talk about Legacies • Case Studies • Parish Magazine Articles • Thank you Letters • Testimony

  23. https://www.parishresources.org.uk/legacies

  24. https://www.churchlegacy.org.uk/

  25. My Final Thought We are ALL Beneficiaries of a former legacy… … what will the next generation be beneficiaries of?

  26. Questions, Thoughts, Comments Email: Eleanor.Stead@churchofengland.orgCall: 020 7898 1564

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