Spanish legacy income up by a third, data shows

Nonprofits in Spain received a total of €54m in 2023 from legacies, a significant increase from €40m the year before, according to the Asociación Española de Fundraising (AEFr).

The mean average individual legacy donation received in 2023 was €89,000, and the median was €23,000. In 2022, the mean was €126,000.

These gifts came from 582 wills – an increase of 31% since 2022.

The AEFr says that the increase in legacies has been driven by the Haz Testamento Solidario campaign.

Last year, a total of 742,123 wills were registered in Spain – an increase of 16% since 2022 – suggesting that there is significant potential for the sector to further develop its legacy income.

Separately, AEFr has released ¿Cómo son los donantes en España?, a report bringing together findings from three recent studies it has undertaken into separate aspects of giving in Spain – including its Barómetro de la filantropía privada en España, which was published for the first time last year; and its long-running Realidad del Socio y Donante report.

This report is designed to support Spanish fundraisers in understanding the profile of potential donors, and shows that four in 10 Spaniards (39%) gave money to a nonprofit in the last year, with 17% of those being casual donors and 22% being ‘socios’ (members) making regular gifts. An additional 22% has made a donation to a charity previously, but not in the last year.

Men and women are equally represented among casual donors, while 60% of ‘socios’ are women. The average age of the casual donor is 49, a decade younger than those who make regular gifts.

Photo by Danielle Suijkerbuijk on Unsplash