Young people donating to charity in wills

Young people are more likely to donate money to charity when writing a will than their older counterparts, according to the not-for-profit sector research consultancy nfpSynergy.

The group found that 20 per cent of those who have yet to write a will would consider leaving a legacy to a charity of their choosing, compared to seven per cent of those who have already drafted one.

Among the former group, single people, those without children and those in the 16 to 24 age group are especially open to posthumous charitable giving.

nfpSynergy suggested that charities should perhaps target young people when promoting legacy giving, as it is also the younger generations that are least likely to have drafted a will already.

"Legacy-giving needs to become the norm and - perhaps more visible and vocal than older generations - younger people tend to be stronger trend setters," said spokesman Jonathan Baker.

Charitable giving is one way of minimising inheritance tax liabilities through a will, since donations do not attract any duties.

Posted by Gemma Roskell

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Published on: August 4, 2010

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