IoF Standards Committee to develop Code of Fundraising Practice around legacy management
14 September 2015
Speaking at today’s Institute of Fundraising Legacy Summit, Rob Cope, Director, Remember A Charity, said:
"A third of people in the UK say they are happy to leave a gift to a charity in their Will, but only 7% currently do. Better understanding their supporters enables charities to reach those who would like to support their favourite cause in this way.
"We are pleased that the IoF Standards Committee has committed to working with the Institute of Legacy Management to develop and improve existing Code and guidance to include best practice around how estates are administered, and those of us involved in legacy fundraising and management look forward to working with Standards Committee to review this section of the Code.”
Chris Millward, Chief Executive, Institute of Legacy Management, said:
“Charities rely on us to ensure that the £2 billion of legacy gifts received each year are managed in accordance with donors’ wishes and in compliance with the law.
“We are looking forward to working with the IoF Standards Committee to build on our traditional role working with bodies like the Law Society, HMRC, and the Law Commission to ensure that the rules and best practice guidance around legacy management are brought into the Code of Fundraising Practice so that we can ensure every charitable legacy gift achieves its greatest potential.”