By leaving a gift in your Will to ServeGlobe (a bequest), you’ll make a difference by helping us tackle global ocean plastic.
The types of gifts you can leave in your Will depend on your circumstances and the legacy you’d like to leave behind. Even 1% of your estate can make a big difference.
A residual bequest is one of the most common ways to leave a charitable gift in your Will. After you have provided for your friends and family and covered any financial commitments, it leaves the remainder of your estate to the charity of your choosing. You can choose to leave the whole of your estate’s residual amount, or a percentage, such as 50%. Residual bequests will hold their value, even increase over time, as the estate’s assets grow in value.
“I give, devise and bequeath, free of all duties and taxes, (X% or whole) of the residue of my estate to ServeGlobe Incorporated (ABN 85 679 082 369) of 31 Ranford Rd Largs North SA 5016 for its general purposes. An authorised receipt from ServeGlobe will be a sufficient discharge for the executor(s) or trustee without seeing to the final distribution of the funds.”
A pecuniary gift is a specific amount of money, assets, real estate, stocks and/or shares left to ServeGlobe. A pecuniary bequest must be very specific in outlining what donation you want to make, such as the address of the property you wish to bequeath, the exact shares in your portfolio, or thorough details of a vehicle. While these gifts provide you with certainty, they can lose their value over time due to inflation.
“I give, devise and bequeath, free of all duties and taxes, (description of item) to ServeGlobe Incorporated (ABN 85 679 082 369) of 31 Ranford Rd Largs North SA 5016 for its general purposes. An authorised receipt from ServeGlobe will be a sufficient discharge for the executor(s) or trustee without seeing to the final distribution of the funds.”
You can specify a percentage of your estate — any amount from 1% to 100% — that you would like ServeGlobe to receive. This gift will also keep its value over time.
A contingent bequest is a conditional donation dependent on an event that may or may not happen in the future. Most commonly it’s used to specify how an estate will be distributed if someone’s children or spouse do not survive them. For example, you may wish for your house to go to your partner after you die, but in the situation where that is no longer possible, you may choose to leave it as a gift to ServeGlobe.
In the event that (name of the primary beneficiary) does not survive me, I give, devise and bequeath, free of all duties and taxes, (specify the amount in dollars or as a percentage of the estate or describe the noncash property that is the subject of the bequest) to ServeGlobe (ABN 85 679 082 369) of 31 Ranford Rd Largs North SA 5016 for its general purposes. An authorised receipt from ServeGlobe will be a sufficient discharge for the executor(s) or trustee without seeing to the final distribution of the funds.”
Leaving a percentage of your estate (also known as a fractional amount) as a gift allows you to specify any amount between 1% to 100% that you would like ServeGlobe to receive. By choosing to bequeath a percentage of your estate, your gift will retain its true value over time.
“I give, devise and bequeath, free of all duties and taxes, (X% of my estate) to ServeGlobe Incorporated (ABN 85 679 082 369) of 31 Ranford Rd Largs North SA 5016 for its general purposes. An authorised receipt from ServeGlobe will be a sufficient discharge for the executor(s) or trustee without seeing to the final distribution of the funds.”
Leaving your whole estate as a charitable gift is often chosen by those who don’t have family to take care of, or who are particularly dedicated to a cause. After thinking deeply about whether there are friends or family members who could benefit from your Will, choosing ServeGlobe as the sole benefactor is a generous gift that allows us to achieve very significant things in the lives of those living in poverty around the world.
“I give, devise and bequeath, free of all duties and taxes, (the whole of my estate) to ServeGlobe Incorporated (ABN 85 679 082 369) of 31 Ranford Rd Largs North SA 5016 for its general purposes. An authorised receipt from ServeGlobe will be a sufficient discharge for the executor(s) or trustee without seeing to the final distribution of the funds.”
The type of gifts you can leave in your Will depends on your circumstances and the legacy you’d like to leave behind. Whatever type you choose, be assured that it’s a wonderful way to give to charity and will make a significant difference to the world.
If you’re unsure what to choose, we recommend discussing it with your family or a legal professional or with our bequests team. If you’d like to discuss your gift or would like further information please call us on 1800 088 110 or email info@serveglobe.org.au
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We acknowledge the Traditional Owners and Custodians of the land and sea Country on which we live, learn and work, and pay our respects to Elders past, present and future.
SERVEGLOBE INCORPORATED (ABN: 85 679 082 369) is endorsed as a Deductible Gift Recipient. Donations of $2 or more to SERVEGLOBE are tax deductible in Australia.
