Make a Bequest
Making a Will is an important part of planning for the future. After you have provided for your loved ones and others who have been most important in your life, you may wish to consider Fragile X Association of Australia as a beneficiary.
A bequest or gift in your Will to Fragile X Association of Australia will contribute significantly to our work in providing support for families affected by Fragile X and raising awareness of Fragile X syndrome and conditions associated with Fragile X.
A bequest is a special way of making a positive difference beyond your lifetime.
Your bequest can specify that it is to be used to support the current activities of Fragile X Association of Australia. Alternatively you can specify that your bequest is to be invested in the Fragile X Endowment Fund for the long term support of Fragile X Association of Australia.
To discuss a bequest please contact the Executive Director of Fragile X Association of Australia.
Phone 1300 396 636 or by email: support@fragilex.org.au
Advice
It is important that, before making any decision on making a bequest, you seek legal advice.
This is not only to ensure your bequest is correctly made, properly naming the Fragile X Association of Australia and its ABN (18 655 264 477), but also so that your legal adviser can ensure that any potential taxation issues have been taken into account.
Importantly, a bequest is not generally entitled to a tax deduction whereas a gift in your lifetime over $2.00 or more is tax deductible. On the other hand, the bequest of shares or property will not incur capital gains tax when left to a charity such as Fragile X Association of Australia and an income tax exempt charity such as Fragile X Association of Australia will not incur capital gains tax on sale of those assets. These matters are best discussed with your adviser.
Sample bequest clauses for discussion with your lawyer
For general purposes
I GIVE the sum of dollars ($ ) to Fragile X Association of Australia Inc ABN 18 655 264 477 to be used by it for its general purposes and I direct that the receipt of the Secretary of that Association shall be sufficient discharge to my Executor(s).
For the Fragile X Endowment Fund
I GIVE the sum of dollars ($ ) to Fragile X Association of Australia Inc ABN 18 655 264 477 to be placed in the Fragile X Endowment Fund and used for the purposes of that Fund and I direct that the receipt of the Secretary of that Association shall be a sufficient discharge to my executor(s).