Legacy Giving: A Lifeline for Charities in a Costly World

Legacy Giving Remains Vital Despite Economic Challenges

As the cost of living continues to rise, many people are feeling financial pressure in their daily lives. Yet, despite these hardships, charitable organisations across Jersey are finding strength in an often overlooked source of support: legacy giving. Whether it's a small amount or a substantial sum, gifts left in wills have proven to be powerful tools for sustaining and expanding the work of local charities.

"The ones you hear about often can be the really big ones, but some of most impactful ones are the smaller everyday ones," said Marcus Liddiard from the Association of Jersey Charities.

Charity leaders are vocal in their support for legacy giving. In a time when many people struggle with basic expenses, these gifts provide crucial stability and resources for charities that serve the community. The emotional weight and significance of such donations cannot be understated, especially when they come from those who have lived lives dedicated to making a difference.

Research Shows a Growing Trend in Giving

A recent study conducted by 4insight for the Association of Jersey Charities found that 89% of respondents had donated money within the previous 12 months. However, younger individuals and those from lower-income households were less likely to participate, with affordability cited as a key barrier.

Despite this, Liddiard emphasized that legacy giving remains a vital part of the charitable ecosystem. "It's one part of the picture," he noted. "There's also opportunity for everybody to help by volunteering and offering time, skills, representation and support, which is equally valuable."

This data points to a nuanced view of charity participation. While some may not be able to contribute financially in their lifetimes, they can still leave meaningful legacies through their wills or by engaging in other forms of community service.

Real Stories from Jersey's Charities

Take, for instance, the story of Jersey Trees for Life. The charity was recently gifted land at Adelina Wood by Enid Gautier, along with Mont Vibert Wood and a £20,000 donation from deceased islanders. John Michel, a representative of the organisation, expressed how deeply moving such gifts are.

"It's very special to be recognised in wills," said Michel. "It's really quite inspiring when someone local made what could be a transformational move."

This is not an isolated case. Legacy donations like these have enabled organisations to maintain their operations and expand services, especially during times of increased demand and higher costs.

The Role of Legal Expertise in Legacy Planning

For those who are considering making a gift in their will, legal experts say it's more accessible than many might think. Karla Summers-Shaw from the law firm Viberts shared her perspective:

"It's really easy for anyone to leave a legacy. The size of the gift is completely proportionate to the size of a person's estate, and I always say no gift is too small," she said.

This message resonates with many, as it encourages thoughtful giving regardless of one's financial standing. It underscores that even the smallest contributions can have an outsized impact on the lives of others.

Charities Need More Than Just Money

While monetary gifts are essential, they're not the only form of support charities need. Volunteers, skills, and time also play a critical role in sustaining charitable work. Bethany Gallichan, chair of the Jersey Fundraising Forum, acknowledged that while people may be struggling financially, those who can give still have an opportunity to leave lasting legacies.

"I do understand people are struggling with the cost of living crisis, but we do have people who have the ability to leave those gifts, and they can be so transformational," said Gallichan.

Gallichan highlighted how such gifts help fund services for islanders who are facing financial hardships, reinforcing the idea that charitable giving doesn't have to be limited by income levels. Even modest legacies contribute to a larger pool of support that can make a difference in people's lives.

Building a Sustainable Future

The importance of legacy giving extends beyond the immediate impact of a single donation. It represents a long-term commitment to the future of the community and the continuation of charitable work. By planning ahead, individuals can ensure that their values and concerns continue to influence positive change long after they're gone.

For Jersey's charities, these gifts are not just about money—they're about hope, legacy, and the enduring power of giving. Whether it's a large sum or a modest amount, each gift helps build a stronger foundation for the future.

Looking Forward: Encouraging Generosity

As we navigate an era marked by economic uncertainty and social challenges, the need for community support becomes even more urgent. Charities are calling on people to consider their legacies, not just as a final act of generosity but as a way to ensure that their impact continues long after they're gone.

In a world where the cost of living is rising and financial pressures are mounting, it's vital that we remember the power of giving—both in life and beyond. Through thoughtful planning and generous hearts, we can help build a future where more people have access to the support they need.

Whether you're young or elderly, financially secure or facing hardship, there's always a way to contribute to your community's wellbeing. Legacy giving is one such path—accessible, meaningful, and impactful.