Legacy Foresight presented at the IoF Northern Legacy Marketing Group, March 2017. Covering the legacy market, trends, market drivers and the differences in legacy giving to charities in the North and South, this presentation gives a detailed overview of the UK legacy market and its future.
3. 19 Extra Large
£20m+
20 Large
£8-20m
44 Medium
<£8m
Cause area % covered
Health 61
Animal 80
Development 82
Conservation 73
Disability 69
Armed Forces 74
Children 84
‘Other’ 56
Our flagship programme
11. North = 16% of UK income
South East, 28
South West, 12
East, 11North
West, 8
Greater London,
8
Scotland, 7
East
Midlands, 7
West Midlands,
6
Yorkshire &
Humberside, 6
Wales, 4
North East, 2Northern
Ireland, 1
12. % estates with charitable gift
South West 17%
South 15%
East 14%
North East 12%
North West 11%
North 11%
17. Younger causes gain a toehold
3.4
4.1
1.7
0.9
9.5%
4.3%
2.8%2.5%
Victorian Early C20th Post War 1970+
Income £m
Growth p.a.
18. Leading and lagging sectors
Older People
Advancement
of religion
Domestic
poverty relief
Children
Heritage
Animal
welfare
Overseas
development
Disability
Hospices
Environment
Medical
conditions
Arts
Armed forces
NHS Trusts
Emergency
services
Education
Slow Fast
30. Deaths climb from 2020
0
100
200
300
400
500
600
700
800
2010 2020 2030 2040 2050
Pre-1930 War Babies Boomers Generation X Generation Y
31. Boomers more open to idea
11
17
18
22
19
5
0
10
20
30
40
50
60
50-69 70+
Have charitable will May add gift later May make charitable will later
32. Concerns for next generation
25
19 20 19
26 27
32
-41 -42
-40
-42 -41
-46
-40
-50
-40
-30
-20
-10
0
10
20
30
40
All 18-24 25-34 35-44 45-54 55-64 65+
Better off Worse off
33. A slight reduction in income
0
1
2
3
4
5
1988
1990
1992
1994
1996
1998
2000
2002
2004
2006
2008
2010
2012
2014
2016
2018
2020
2022
2024
2026
2028
2030
2032
2034
Forecast - February 2016 Forecast - August 2016
34. Legacy Monitor
• Performance benchmarking, market analysis
• Runs January to December
• Recruitment September to November
• 83 charities (15 <£2m legacy income)
• £4,400+VAT p.a.
• New joiners get 50% discount in first year
35. In Memory Insight
• Donor research, case studies, benchmarking
• Different themes each year
• Runs July to June
• Recruitment April to June
• 50 charities this year
• National charities : £2,200+VAT p.a.
• Hospices : £1,100+VAT p.a.
• New joiners pay double in first year to
access past reports
37. LegacyForesight
Legacy Foresight are Europe’s foremost analysts of the
legacy and in-memory giving sectors.
We appraise the state of the markets, produce income
forecasts and research into donor motivations.
With over twenty years experience, we work with over one
hundred leading charities across Europe.
Authoritative Benchmarking
Trusted Forecasts
Stimulating Research
Illuminating Consultancy
38. Legacy
Foresight
www.legacyforesight.co.uk
Ashingate
East Chiltington
East Sussex
BN7 3AU
020 3286 5275
How are we performing?
Legacy Monitor is our flagship benchmarking service, in operation since 1998. By drawing directly
on our clients’ databases, we present the very latest intelligence on legacy incomes, notifications
and values. Each client receives tailored reports, comparing their performance against their peers -
whether by cause area, age or size.
What’s in the pipeline?
Our forecasting team can project the number and value of gifts you receive over the next five years.
Alongside our central forecasts, we provide optimistic and pessimistic scenarios, to help with
financial planning and risk management. These are backed up by clear commentaries, aimed at
busy managers and trustees.
What’s on the horizon?
Our scenario-building service provides an objective view of your future direction and potential.
Drawing on our strategic planning skills and sector knowledge, we overlay your organisation's
positioning, performance and plans with deep-rooted market trends, to create a spectrum of
future possibilities.
What do our donors think?
We manage bespoke research projects to explore emerging issues. Some projects are
commissioned by specific charities, while others are funded by groups of clients, who share their
experience, insights and data. This collaborative approach not only cuts costs; it can also save time
and create opportunities for joint campaigning.