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WIMBLEDON FEDERER: Oxfam 100K
09/07/2012 by Alan Cole in the UK
In 2003 a tennis fan made a confident bet on Roger Federer achieving seven Wimbledon titles
Now fans of Roger Federer winning a seventh Wimbledon final have extra reason to celebrate...
The result yesterday generated a £100,000 gift to Oxfam via a legacy donation.
Oxfam benefitted from the donation, call it Wimbledon prize-money if you like, due to an unusual legacy donation set up by Oxfam and Roger Federer fan Nicholas Newlife who left his whole estate to Oxfam...
Mr Newlife, who died in 2009, included the outcomes of a series of outstanding bets he had placed in his legacy donation to Oxfam.
Oxfam, the international aid charity has already benefitted from £16,750 from one of Mr Newlife's bets...
This was due to a £250 gamble on Roger Federer to win at least 14 Grand Slam titles before 2020 at odds of 66/1...
A similar flutter on Federer to win Wimbledon seven times before 2020 was made and now that is achieved Oxfam will receive the substantial dividend.
Mr Newlife has now left the winnings to charity. Yesterday, July 9, Oxfam received confirmation of the £100k pay-out following Roger Federer’s victory over Andy Murray at the famous Wimbledon tennis club.
Oxfam reports that legacy giving is extremely important to the international aid charity and that the charity receives about 600 legacies a year, about £13 million worth of donations, or about ten per cent of its income.
Sometimes included are rare memorabilia and other unusual items including once previously a letter written by Florence Nightingale.
The news comes as awareness of leaving gifts to charities in wills has been increasing in recent years due to a number of campaigns...
Last year was the first ever international legacy giving day in September with hundreds of charities involved in events raise awareness about the importance to charities when people decide to be generous in their wills.
In the UK a recent Cabinet Office's Giving White Paper recognised the value of donating to charity in will making and wants to encourage the process.
Making a will means you control where your estate goes and there can also be tax benefits via donating sums to charity...
As well as ultimately of course, the satisfaction of helping to make a difference, as in the case of this unusual Roger Federer bet supporting Oxfam, a charity that provides clean water services, schools, food aid and other programmes helping people in developing countries...
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Written and edited in London and Geneva All Xperedon news articles are original and are written by the Xperedon news team. The team is headed in the UK by Alan Cole, an experienced award-winning journalist and copywriter. Alan has previously worked in-house for UK publishers, Pearson Media (Financial Times) and Northcliffe Newspapers, among others, and is an accredited member of the National Union of Journalists, UK.
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