National Audit Office
Theresa Lloyd was a member of the expert panel for the National Audit Office Review of Income generated by the Museums and Galleries. This was published in January 2004.
To download a copy click here
Lifetime Legacies
In the UK the current tax relief rules prevent donors from deriving an income from, or retaining an interest in, gifts of assets or property to charities. People who think they may wish to give a large sum to a charity will not do so unless they are completely confident that they will never need it or the income from it. Even if they are well disposed, unless they are very seriously wealthy the best that will happen is that they may leave the charity a legacy, and their estate will benefit from a corresponding reduction in inheritance tax. But wills can be changed, and the beneficiary cannot plan on the basis that the money will definitely be received.
A broad-based coalition of charities and umbrella organisations is advocating the introduction of a special trust mechanism - what we are calling an advance or "Lifetime Legacy".
To read a paper on Lifetime Legacies, click here
Simplified form of Charitable Trust
In response to concerns that the establishment of a charitable trust is too complex and bureaucratic, a simple process was developed in association with the Charity Commission. This form requires far less information than the more traditional application. If your affairs are relatively simple, and you wish to consider creating a charitable trust which will only give to charities registered in the UK, then the simplified form is for you. Like A Guide to Giving, the form and guidance notes have been awarded the Crystal Mark of the Plain English Campaign.
The form is currently being revised by the Association of Charitable Foundations and the Charity Commission.