According to research firm LegacyForesight, charity income that is derived from legacies left in wills could fall by up to 27 per cent in 2020.
A month ago at the end of March, the firm published its five-year forecast predicting only a 9 per cent fall on the previous year.
It has now updated its forecast taking into account the latest information and the deterioration in factors such as covid-19 related deaths, economic projections and administrative delays.
However, the firm expected the negative impact to be short-lived, forecasting only a 5 per cent decline on pre-covid-19 estimates of legacy income from 2021 to 2024
It said the short-term decline will reflect the economic impact of covid-19 and a “pessi...