Gift in Will FAQs
Read our list of frequently asked questions that many people have regarding bequests and gifts in Will. If you’d like to talk further about leaving a gift in your Will to the Leukaemia Foundation, please contact us.
What is a gift in Will?
A bequest, or a gift in Will, is a donation left to the charity of your choice, as outlined in your Will.
What are the Leukaemia Foundation’s charity credentials?
The Leukaemia Foundation:
- is a charity registered with the Australian Charities and Not–For-Profits Commission
- has an ABN: 57 057 493 017
- is endorsed as an income tax exempt charitable entity
- is endorsed as a deductible gift recipient is endorsed for GST concessions (Endorsements are entered on the public register maintained by the Australian Business Registrar at abr.business.gov.au).
What is the correct wording to use for leaving a gift in my Will?
If you are interested in leaving a lasting gift to the Leukaemia Foundation in your Will, refer to the suggested wording below to ensure your gift will be able to be used as you intended. Suggested wording:
“I give and bequeath free of all duties (here state the amount/percentage or share/residue or assets to be gifted) to THE LEUKAEMIA FOUNDATION OF AUSTRALIA LIMITED ABN: 57 057 493 017 absolutely for the general charitable purposes of the said Foundation and I direct that a receipt of the proper officer for the time being of The Leukaemia Foundation of Australia Limited shall be a good and sufficient discharge to my trustee/s.”
We also suggest including the below optional clause:
“The reason I am making this gift to the Leukaemia Foundation is:
To honour my loved one and the way they boldly fought blood cancer…”
To support families who have to relocate for life-saving treatment…”
(please identify your connection with the Leukaemia Foundation).
What other information might I need to leave a Gift in my Will?
Legal name: The Leukaemia Foundation of Australia Limited ABN: 57 057 493 017 Registered Address: 213-217 St Pauls Terrace, Fortitude Valley QLD 4006
I don’t have much money to give, is a gift in my Will still suitable for me?
Whether your gift is large or small it will be gratefully received. Even $1000 will make a valuable contribution towards supporting people affected by blood cancer.
What will a gift in my Will for the Leukaemia Foundation support?
The Leukaemia Foundation receives no on-going Government funding, and relies on the generosity of its supporters to fund patient support services and research. Your contribution will help provide accommodation to patients and their families who have had to relocate for treatment, fund research into new treatments for blood cancers, provide emotional support to people affected by a blood cancer, and more.
What do people typically give in a gift in Will?
Gifts in Will can be a specific monetary value, property or they can be a percentage of an estate or a share portfolio. Gifts in Will we have received in the past have included:
- 10% share of the whole estate
- 1/4 share of the residue of the estate
- 25% of share portfolio
- a specific gift (e.g. of $5000).
But I don’t need a Will yet, do I?
Whether you have few possessions or many, you should have a Will. It is a way of ensuring that your assets are distributed as you wish. You should also review your Will regularly to ensure it reflects your current wishes. You do not have to be elderly to start thinking about a gift in your Will. Many younger people are taking the opportunity to support a cause they feel passionately about when they create or review their Will. I want to support the work of the Leukaemia Foundation but I don’t have much extra cash at the moment.
How can I help?
A gift in your Will is a simple way of supporting the Leukaemia Foundation without affecting your current lifestyle and financial situation.
Who do I need to tell about my gift in Will?
Consider talking with your loved ones about your plans to leave a gift in Will and discuss with them why our work is important to you. We also recommend you obtain independent legal advice from a solicitor or the Public Trustee when updating or making a new Will.
Do I need to tell the Leukaemia Foundation that I have left a gift in my Will?
If you have decided to leave a gift in your Will we would love to hear from you. Knowing about these gifts can help us to plan for the future. So often we only find out about a gift in someone’s Will after they have passed, and we feel sad in that we have not had the opportunity to say a genuine “Thank you” during their lifetime. We’d love to hear from you if you’ve made a bequest to the Leukaemia Foundation.
Other things to consider about leaving a gift in your Will
- Tell your loved ones
It is very important that you let your loved ones know about your plans to leave a gift in Will and discuss with them why our work is important to you. We would also welcome their involvement so they can learn the impact of your planned gift.
- Gifts come in all shapes and sizes
Gifts in Will can be a specific monetary value, property or they can be a percentage of an estate or a share portfolio.
- No matter the size of your gift, it will be very gratefully received
Any gift you generously make will be a valuable contribution towards the future of blood cancer. A gift in your Will is a simple way to support people living with blood cancer without affecting your current lifestyle and financial situation.
- Let the Leukaemia Foundation know
If you have decided to leave a gift in your Will, we would love to hear from you. Knowing about these gifts can help ensure your wishes are fulfilled. And most importantly, we’d love the chance to say thank you.
- Our commitment to you
The Leukaemia Foundation is forever grateful to those who are kind enough to leave a gift in their Will. In return for your commitment we promise to:
- use your gift carefully and wisely so it can have the greatest impact for the blood cancer community
- give you and your loved ones the opportunity to be connected with the work you are supporting
- handle your gift with care, sensitivity and respect
- recognise and appreciate that your Will is completely personal to you acknowledge that your family and loved ones should always come first
- publish annual audited statements each year on our website so you know the impact your donation is making.