Philanthropy New Zealand unveiled its Giving New Zealand report at a Who’s Who philanthropy event at Auckland’s Museum of Transport and Technology.
It revealed a boom in people leaving money to charities in their wills, with a 29 per cent growth in the value of bequests to charities, up from $122 million in 2011 to $157m in 2014.
Liz Gibbs, Philanthropy New Zealand’s chief executive, said bequests had grown quite significantly. She identified the greying of the population as a major factor.
Andrew Barnes, from the country’s largest wills, trusts and estates company Perpetual Guardian, expected the boom to continue over the coming decades. “The death rate is going to double over the next 15 years,” he said.
Watch Andrew Barnes on Breakfast here.