Legacies

Content With Thanks to Mylegacy.ie

The Irish have always been a generous and caring people and this spirit is now reflected in the growing number of people who want to leave a gift to a good cause in their will.

MyLegacy.ie comes out of a partnership between Ireland’s leading charities. Good causes that have come together to help kind and thoughtful people to make their mark on the world by leaving a legacy to their favourite charity

Leaving a legacy is something that everyone can do regardless of their income. MyLegacy.ie is here to help people from all walks of life to go on making a real difference to the causes they care about after they’ve gone.

History

My Legacy was established in 2003 by a small group of Irish charities who wished to spread the word about charitable bequests. Since then they’ve grown and now represent over 60 leading Irish charities and not-for-profit organisations.

What does mylegacy.ie do?

MyLegacy.ie provides unbiased, useful information to individuals, charities and solicitors about leaving legacies to charities. They work to promote legacy giving and give donors, solicitors and charities the information they need to make it happen.

How it works:

MyLegacy.ie is democratically run by all participating charities and governed by a Steering Committee made up of fundraising professionals from the member organisations.

They provide open, honest, unbiased advice and information and do not solicit specific gifts or legacies for individual organisations.

What is a legacy?

A legacy is when you leave a sum of money in your will to a charitable cause. Some people leave their entire estates, but most leave a modest sum. However much you choose to leave is up to you. But rest assured… that every legacy counts, no matter how large or small.

Perhaps you already have a favourite charity.  Maybe there are several you’d like to support. Or maybe you’ve always wanted to give money to a cause, but have never been able to, because of the pressures of everyday life and looking after family.

Either way, many people find that leaving a legacy to benefit others after they’ve gone, is one of the most wonderfully, rewarding experiences of their lives.

There are two types of legacy you can leave in your will:

A residuary bequest

You make provisions for your nearest and dearest first, then leave the remainder, or part of the remainder of your estate to one or more preferred charities.

If you are making a residuary gift, the following text can be used in your will:

“I give to (insert name of organisation) of (insert address of organisation), all (or a fraction) of the residue of my estate whatsoever and wheresoever, and I direct that the receipt of the Treasurer or other officer for the time being of the said Organisation shall be a full and sufficient discharge of the same”.

A pecuniary bequest

You state in your will that a specific sum of money will go to a particular charity, or charities of your choice.

If you are making a gift of a fixed sum or specific item, the following text can be used in your will:

“I give the sum of €_______ or I bequeath (the item specified) to (insert name of organisation) of (insert address of organisation), and I direct that the Treasurer or other proper officer for the time being of the said Organisation shall be proper and sufficient discharge for the same”.

Whether or not you plan to leave a legacy, making a will is extremely important, because it’s the only way for you to say how your money should be used after your death.

Fortunately, it couldn’t be more straightforward. If you already have a solicitor, the first step is as simple as a phone call.

If not, you’ll need to find a solicitor who will draw up a will for you. But this shouldn’t take too long, as it’s one of the basic services that almost all solicitors provide.

If you already have a will, it’s easy to change it to include a legacy to a charity of your choice. This change is called a “Codicil” and can be drawn up easily by your solicitor.

My Legacy represents over 60 Irish charities and non-profit organisations. The stated aim is to promote will making and charitable bequests in Ireland.

We understand that people making wills rely on the professional, impartial advice of their solicitor to ensure their wishes are carried out. To facilitate the needs of solicitors when including a charitable bequest in a will, they work with a broad range of charities and non-profit organisations that people can browse.

Below is some sample wording for the inclusion of a charitable bequest in a client’s will:

 For a gift of the residue of an estate:

“I give to (insert name of organisation) of (insert address of organisation), all (or a fraction) of the residue of my estate whatsoever and wheresoever, and I direct that the receipt of the Treasurer or other officer for the time being of the said Organisation shall be a full and sufficient discharge of the same”.

For a gift of a fixed sum or specific item:

“I give the sum of €_______ or I bequeath (the item specified) to (insert name of organisation) of (insert address of organisation), and I direct that the receipt of the Treasurer or other proper officer for the time being of the said Organisation shall be proper and sufficient discharge for the same”.

Below is a list of mylegacy.ie current member groups:

  • Abbey Theatre
  • Alcohol Action Ireland
  • Alzheimer Society of Ireland
  • An Taisce
  • Aquired Brain Injury Ireland
  • ARC Cancer Support
  • Arthritis Ireland
  • Barnardos
  • Barretstown
  • Beaumont Hospital Foundation
  • Brainwave The Irish Epilepsy Association
  • CARI
  • Chernobyl Children’s Project
  • Children First Foundation
  • Children’s Medical & Research Foundation
  • Children’s University Hospital Temple Street
  • Community Foundation for Ireland
  • Coolmine Therapeutic Community
  • Croi
  • DIT Foundation
  • Dogs Trust
  • Educate Together
  • Enable Ireland
  • Fighting Blindness
  • Focus Ireland
  • Glasnevin Trust
  • Gorta
  • Irish Cancer Society
  • Irish Council for Civil Liberties
  • Irish Guide Dogs for the Blind
  • Irish Haemophilia Society
  • Irish Heart Foundation
  • Irish Hospice Foundation
  • Irish Mountain Rescue Association
  • Irish Wildlife Trust
  • ISPCA
  • ISPCC
  • Jack and Jill Foundation
  • LARCC
  • M.S. Society of Ireland
  • Make-A-Wish Foundation
  • Marie Keating Foundation
  • Mater Foundation
  • Médecins Sans Frontières
  • Mercy University Hospital Foundation
  • National Council for the Blind of Ireland
  • One Family
  • One In Four
  • Our Lady’s Hospice & Care Services
  • Oxfam Ireland
  • Progressio Ireland
  • Rehab
  • RNLI
  • Ruhama
  • Sightsavers
  • Simon Communities of Ireland
  • Society of St. Vincent de Paul
  • St Josephs Centre for the Visually Impaired
  • St. Vincent’s Foundation
  • The New Evangelisation Trust
  • Threshold
  • Trócaire
  • Wexford Festival Trust
  • Wicklow Hospice
  • Women’s Aid
  • World Missions Ireland

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