New guidance launched for legacy fundraisers

Written by Matt Ritchie
23/02/2017

The Institute of Legacy Management is launching a new ethical framework to underpin the work of legacy professionals.

The Good Practice Guidance establishes a set of five core principles – sensitivity, transparency, integrity, collaboration and informed – that can be applied at each stage of the process of dealing with charitable gifts left in wills.

A taskforce of professionals from across the legacy management field developed the toolkit in collaboration with institute members.

Institute of Legacy Management chief executive Chris Millward said it is expected the guidance will be of value to members and the wider charity profession. It is hoped that the guidance will help all professions related to legacy management have a strong understanding of the practice.

“The guidance will not be imposed on members, and is not a prescriptive set of actions for the day-to-day working of legacy management, not least because roles and responsibilities vary greatly between organisations. Rather, it is intended to reflect and inspire legacy professionals’ commitment to successfully fulfilling donors’ final wishes within the legal and regulatory framework they are governed by.”

Fundraising Regulator chief executive Stephen Dunmore said legacies are an important way of individuals making a lasting contribution to the causes that are important to them.

“We welcome this new guidance, which will help legacy professionals better understand their responsibilities in ensuring the final wishes of donors are respected.”



Related Articles


Diversity
Lauren Weymouth talks to Jeremy Wells of Newton about whether charities think diversity is adequately reflected on their trustee boards

  • Charity Times Annual Conference Event Date: 2nd May 2019 Event Deadline: The Waldorf Hilton, London
  • Better Society Awards Event Date: 23rd May 2019 Event Deadline: 25th January 2019 London Marriott Hotel, Grosvenor Square, London
  • Charity Investment Conference in association with GAM Event Date: 29 November 2018 - 1pm-5pm Event Deadline: Royal Institution, 21 Albemarle St, Mayfair, London, W1S 4BS For booking and enquiries email linda.libetta@charitytimes.com
  • Property Roundtable Event Date: 27th February 2019 Event Deadline: Southplace Hotel, 3 Southplace, London For booking and enquiries email linda.libetta@charitytimes.com
  • Charity Times Awards Event Date: October 2019 Event Deadline: Park Plaza, Westminster Bridge, London
Most read stories...