What is a Bequest?

A bequest is a gift made in your will. You can make bequests to individuals, companies, associations or charities. When you make a Will you have the opportunity to ensure your care for others lives on.

A bequest or gift is one of the most important ways in which The Rosemary Foundation helps raise money for dementia support and it is a meaningful way for you to make a lasting contribution.

The generosity of people who leave a bequest ensures we can continue to provide funding for on going services to people with dementia, their families and carers.

There is continual need for on going services and bequests play an integral role to ensure this need is met.

Either way, this selfless and thoughtful gift will ensure that the Rosemary Foundation continues to make a difference to the lives of those living with dementia and their families.

Types of bequests

A bequest made to The Rosemary Foundation Charitable Fund may be:

A specific bequest

  • The gift of a specific sum of money or nominated asset such as a house or other land, shares and other investments, life insurance, works of art or other valuables.
  • A bequest of your entire estate or a specified share or percentage of your entire estate (after all debts and expenses have been paid).

A residual bequest

What remains of your estate after all debts and expenses have been paid and other gifts distributed or a specified share or percentage of your residuary estate.

Life Charitable Bequest

A life charitable bequest is a gift traditionally made through a Will that enables you to make a significant contribution to the services of people living with Dementia, their families and carers in South Australia. Today, charitable bequests can also be made through a living trust or a beneficiary designation on a financial account.

You can be a philanthropist, plus it costs you nothing today because you retain full control of your assets during life.

When property, such as a house, is left to a beneficiary to occupy or receive income from during their lifetime (or another specified period) and then passes to The Rosemary Foundation Charitable Fund.

Notifying The Rosemary Foundation of your decision to leave a bequest in your Will allows us to plan for the future.

If you have complex family or personal relationships or significant assets (own your home or business plus have additional property or investments), we suggest you seek professional estate planning advice.

How it works

You could create a named endowment fund at Rosemary Foundation Charitable Fund to honour your family or others that will provide annual funding for services of people living with Dementia, their families and carers in South Australia.

Named endowment funds, established either during life or through a charitable bequest, require a gift of $25,000 or more. Your gift is invested for long-term growth, and only the income is used annually, enabling your gift and your values to endure for generations.

Make your bequest unrestricted, indicate a specific amount, or nominate a percentage of the balance remaining in your estate or trust.

Benefits

  • Your assets remain in your control during your lifetime.
  • You can modify your bequest to address changing circumstances.
  • You may reduce or avoid potential estate taxes through your request.

After a life interest bequest…

When property, such as a house, is left to a beneficiary to occupy or receive income from during their lifetime (or another specified period) and then passes to The Rosemary Foundation Charitable Fund.

Notifying The Rosemary Foundation of your decision to leave a bequest in your Will allows us to plan for the future.

If you have complex family or personal relationships or significant assets (own your home or business plus have additional property or investments), it is a good idea to seek professional estate planning advice.

The Rosemary Foundation recommends that you contact a professional advisor to draft the appropriate wording for your Will when leaving a bequest:

The following wording is a guide for your bequest:

“I give a pecuniary legacy of … to The Rosemary Foundation Charitable Fund and I direct that the receipt of the Rosemary Foundation, shall be a full and sufficient discharge to my trustee.”

You can help tomorrow by planning today.

If you would like to leave a gift in your Will please contact us on:
08 8223 4450 and ask for Rosemary Foundation, or email us at rosemaryfoundationsa@gmail.com