The Institute of Fundraising (IoF) has warned that legacy giving in wills could be negatively affected by the Government’s proposals to tackle the costs of social care.
Rob Cope – Director of Remember A Charity – the IoF’s long term campaign to increase legacy giving to charities – said the implication of a possible £75,000 cap on social care costs would have huge implications for charities.
Speaking after the Government unveiled its White Paper and Draft Bill on social care, he said:
“The implications for a £75 to £100k care cap compared with a much smaller cap are huge.
Fewer people will be willing to leave charitable gifts in wills if their estate will be hit by care costs.
“Many people who would be willing to make a regular donation will shy away from doing so.
“This will have a massive effect on ours and the Government’s push to make leaving money to charities in wills the social norm.”