My Legacy Month, A Reminder to Act!

By Denise Charlton

If you care passionately about protecting our communities to provide enjoyment, security and safety for future generations then this is the time of year to take action.

September is My Legacy Month with International Legacy Giving Day on the 13th. Both are timely reminders that putting our affairs in order is not something we can put on the long finger forever.

It may be a topic that never makes it to the top of the ‘to-do list’ or even be something which many of us would prefer to never think about, distracted by the realities of everyday life.

Yet a legacy is a powerful way to ensure that the causes and issues which you deeply care about can be advanced for the benefit not just for the younger members of your family but for all who they will work and play with into the future.

The Power of a Legacy

Leaving a gift for those campaigns and causes you have supported or devoted time too during your life is often the most impactful contribution you can make.

It is recognised as one of the most effective ways of ensuring that whether it is taking climate action, protecting our plants and wildlife or promoting equality for all that your support will have the intended impact.

Yet despite this as a country we have been slow to tap into this form of giving. While at first glance the estimated total of €50 Million a year being generated for good causes may seem impressive, the reality is that we are well below the levels achieved in many other countries.

We only have to look at our nearest neighbour where an estimated 4% of all donations to charity are from estates and wills. If we were to achieve that level of legacy giving then five times more money would be raised for the benefit of all.

Where to Give?

During this month, or indeed at anytime, as you reflect on leaving a contribution to society after you have passed the question does arise about what cause to support? This is particularly difficult during periods of uncertainty like we are going through now when many people need support.

War in Europe sparking a refugee crisis, the widening equalities happening because of the cost of living, ending sexual and gender-based violence, the climate crisis, the biodiversity emergency, the challenge of health and well-being – there is no shortage of worthwhile causes.

At The Community Foundation for Ireland we have used expertise gathered through our connectivity with 5,000 community and charitable partners and grant-making of almost €100 Million over the past 22-years to formulate themes which can help inform donations and gift-giving.

Sustainable Futures channels much needed support into environmental and nature issues.

Inclusive Communities works to ensure equality for all.

Empowering Generations makes sure that no-one is excluded or left behind on grounds of age.

Accelerating Change allows donors to meet new and emerging challenges and building up the resilience of those in the frontline.

What Are Your Options?

The prospect of going to a solicitor and setting down your plans in a legally binding document may seem daunting. Not everyone is comfortable in a solicitor’s office. Signing a legal paper always requires careful consideration. No-one wants to sign up to something which if circumstances were to change may cause unforeseen problems for loved ones.

The reality is that making a will is not a very long or detailed process. Often it can be completed in an hour. Wills of course can also be changed at any-time.

Having said that we do recognise leaving a charitable gift in a will may not be for everyone.

There is an alternative. A Letter of Wishes is a way that you can make your intentions known. You can put down in paper your desire to leave a gift which will benefit the wider community into the future.

Such a letter is not legally binding. However, it would be taken into account by the executor of your estate so that it will be reflected in the division of same without causing unexpected or undue hardship for your family or close friends.

Make Your Wishes Known

It is important that as you make your plans that you know that are different options. There is no one size fits all. Every contribution makes a difference and will be greatly appreciated by those who will benefit from your generosity.

Considering which option is best for you may take a little time. That is why together with 80 of Ireland’s top charities we are part of My Legacy Month. It is a period to reflect, to gather information and to talk to both your loved ones and those who can advise you so that your wishes are known and can be actioned at the appropriate time.

Denise Charlton is Chief Executive of The Community Foundation for Ireland

If You Want to Chat about Leaving a Legacy, drop us a line [email protected]