Support causes you care about in the future
Create a legacy to involve family in gift-making decisions
Direct your funds to causes where they are most needed
We accept charitable gifts to The Gift Trust through bequests written into your will. With a bequest, you can be specific about where you want your funds channeled, or allocate them to an area of interest close to your heart.
Types of bequests
You can bequeath funds specifically to establish a named fund for your family to choose how to continue your charitable giving.
A bequest minimum of $20,000 for a Donor-Advised Gift Account ensures a significant ongoing contribution.
A gift left in a bequest can take various forms depending on your preference and situation. The main types of bequests are:
The balance left in your estate after all other expenses, debts and other bequests have been settled. It may also be a percentage of your estate.
A specific bequest
A particular monetary amount or a specific item, such as the proceeds of a life insurance policy, shares, homes, art works and more.
A bequest of your entire estate, usually for those without dependants, to achieve something special.
NExt steps: Wording your Will
If you have an existing will, and you wish to amend it to include a bequest to The Gift Trust, please contact your legal advisor. They will help you change your will through a codicil (a document that amends a previously executed will). This usually has a nominal cost.
Choose one of the following options:
I give ( X ) percent of the residue of my estate to The Gift Trust.
I give ( $ amount ) to The Gift Trust.
I give the residue of my estate to The Gift Trust.
Giving options wording
Special Interest Fund
I want these funds to be placed into The Gift Trust Special Interest Fund in the area of (choose one) *[arts and culture / community / education / environment / health and social services]*.
I declare that the receipt of the secretary, treasurer or other proper officer of the nominated beneficiary will be a full discharge for my trustees who will not be bound to see its application.
Donor Advised Gift Account
I want these funds to be placed into a Donor-Advised Gift Account. I nominate *[person you wish to nominate]* to be my donor adviser. If they are not able or willing to do this, The Gift Trust General Fund can be the recipient.
I want these funds to be placed into The General Fund. I declare that the receipt of the secretary, treasurer or other proper officer of the nominated beneficiary will be a full discharge for my trustees who will not be bound to see its application.
Key questions to consider
Will this be for immediate or long-term benefit?
Name a cause. Organisations can come and go. Naming a cause, with a preference for a specific organisation, allows your wishes to be honoured.
What does the cause/organisation need? Being too rigid with your bequest may result in difficulty spending your bequest e.g. dedicating it for a specific programme/project outside of the organisation's scope.
Write a profile to outline your giving values and wishes. This can be used to guide those administering the bequest.
Consider family. Bequests can be challenged by your family if they don't feel adequately provided for. Consider the amount you wish to leave so that it is not likely to be contested, or discuss your reasoning with family where possible.
Interested in LEAVING a bequest?
If you want to leave a bequest, we would welcome the opportunity to talk with you to ensure we fulfil your wishes and make the most impact in the areas you care about.
Contact us on (04) 391 4438 or by using the contact form below to discuss your options and the best ways to word your will.