Research

Realising the Power and Potential of Charitable Bequests in Developing Irish Philanthropy

The Community Foundation launched a new body of research on legacies and charitable giving in April 2010. Key findings included:

• Total charitable bequests are estimated at €26million. Less than 5% of charities’ income comes from bequests
• One in ten people (or more depending on year) making a will, leaves a charitable bequest
• Women are one and half times more likely than men to leave portion of estate to charity

For full report, click here
 

Philanthropy, The Views of Those Who Advise the Rich

• 27% of professional advisors reported an increase in enquiries about philanthropy in the last 12 monthsWhen asked about their approach to the topic of philanthropy
• 58% of advisors had never discussed philanthropy with a client.When asked how a change in the current tax would affect philanthropy in Ireland
• 85% said a removal of the tax cap would increase giving.
• 43% believed that clients require assets in excess of €1m, excluding one’s principal residence, to start to think about philanthropy.
• 44% of advisors say less than €10,000 is the average left in wills for charitable purposes. While overall levels of charitable bequests are low there are however some very significant charitable bequests being included in wills, figures from €50,000 to €50million were mentioned by advisors.
• 30% said their understanding of Donor Advised Funds was high or very high.

For full report, click here