The gift that keeps on giving9.12.2013
Did you know that a gift in your Will could not only create an enduring legacy to actively support the local Kent causes you care about for generations to come, but can also help provide long-term sustainable funding for local community groups in Kent? Kent Community Foundation (KCF), a registered charity that encourages Kent-wide local charitable giving to local projects that tackle poverty, create opportunities for the disadvantaged and support the vulnerable and socially excluded across the county, has developed a new Charitable Legacy Service.
Simply name Kent Community Foundation in your Will. A minimum gift of £25,000 can then set up a Named Endowment Legacy Fund, which will be invested to generate an annual income to support local causes year after year. The Named Endowment Legacy Fund is bespoke to each donor - just fill in a ‘Letter of Wishes’ stipulating how you want your legacy gift to be managed beyond your lifetime. If you change your mind, the ‘Letter of Wishes’ can be amended with KCF as often as you wish, without having to re-write your Will. This simple process is reassuring that your wishes, values, passions, and interests are effectively managed: from the name you choose to call your Named Endowment Legacy Fund, to the general causes or specific charities you want to support, to whether family or friends are to be involved in grant-making decisions in future years.
Around £2 billion is given annually to charity through legacies, with 73% of this going to major charities with a turnover of above £10million. Rather than being a drop in the ocean, a gift through KCF could be a lifesaver to our local Kent community groups, many of which are volunteer-led, for many years to come.
Our thanks to Blair Gulland, a Trustee of KCF, and his team at Gullands for their pro bono legal advice.