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Encouraging Legacy Giving in your Parish

Encouraging Legacy Giving in your Parish. Eleanor Gill National 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

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Encouraging Legacy Giving in your Parish

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  1. Encouraging Legacy Giving in your Parish Eleanor GillNational Legacy & Funding

  2. Financial opportunity • Christian Giving • Life affirming • Appropriate • Prospects • Mortality Rates • Face to face fundraising • Making the ask

  3. What does the word L E G A C Y mean to you?

  4. Legacies A POT OF GOLD

  5. 1. Valuable source of income • Voluntary Sector • Worth around £2 billion pa • Church of England • Worth £44.2 million in 2011 Data: Institute of Fundraising

  6. 2. Legacy Market 75% of Britons … An increase of just 4% would raise a further £1 billion pounds! Data: Institute of Fundraising

  7. Voluntary Income £400 m Legacy Income £300 m £200 m £100 m £0 Cancer Research National Trust BHF RNLI RSPCA

  8. Voluntary Income £400 m Legacy Income £300 m £200 m £100 m £0 Cancer Research National Trust Church of England BHF RNLI RSPCA

  9. £400 m £300 m £200 m £100 m £0 Cancer Research National Trust BHF RNLI RSPCA

  10. £400 m £300 m £200 m £100 m £0 Church of England

  11. Voluntary Income £400 m Legacy Income £300 m £200 m £100 m £0 Cancer Research National Trust Church of England BHF RNLI RSPCA

  12. Christian Giving 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

  13. Called to exercise Godly Stewardship “For all things come from you, and of your own we have given you.” 1Chronicles 29.14

  14. Stewardship – Will Writing A Simple Part of Good Stewardship Theological Reasons

  15. “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

  16. “ 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

  17. Mission & Ministry A lasting gift to God • not to pay the bills The largest gift to God • a gift that costs nothing

  18. 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.

  19. 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.

  20. St Luke’s, Watford In Memory of Joyce

  21. What could your parish do? £5,000 £10,000 £1,000 £100,000 £50,000 £25,000 £500,000 £250,000

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

  23. Stewardship – Will Writing A Simple Part of Good Stewardship • Theological Reasons • Practical Reasons 1. Intestacy Rules

  24. 1. Intestacy Rules 70% of adults in this Country do not have a Will … Data: Financial advice service unbiased.co.uk

  25. Stewardship – Will Writing A Simple Part of Good Stewardship • Theological Reasons • Practical Reasons 1. Intestacy Rules 2. Inheritance Tax

  26. 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

  27. Stewardship – Will Writing A Simple Part of Good Stewardship • Theological Reasons • Practical Reasons 1. Intestacy Rules 2. Inheritance Tax 3. Triggers

  28. 3. Triggers People make or review their Will at different life stages

  29. Legacies Practical Mission & Ministry Theological Financial

  30. Coffee Break

  31. 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?

  32. A gift to the Charities Vision

  33. Recap ‘What day is it? asked Pooh ‘It’s today’ squeaked Piglet ‘Ah my favourite day’ said Pooh Financial Theological Mission & Ministry Practical

  34. What your Parish can do Step 1 Make and Communicate a Legacy Policy

  35. What your Parish can do Step 2 Make legacy literature available

  36. www.ParishResources.org.uk/order

  37. What your Parish can do Step 3 Hold a Thanksgiving Service

  38. Legacy Sunday • Month of Remembrance • Saying Thank you

  39. Step 4 Review Legacies Regularly

  40. www.churchlegacy.org.uk

  41. 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

  42. My Final Thought By far, the largest trigger for people leaving a Gift in their Will is … when they’re asked!

  43. Questions, Thoughts, Comments

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