Leaving Reach a bequest will support future generations of young people.

About Bequests

A gift in a Will is called a bequest. Unlike giving a donation, leaving a bequest to a charity enables you to give when you no longer require the money. Giving via a bequest is a simple and effective way of you continuing to support your favourite causes via your selected charity or charities.

Talk to your solicitor about the type of gift that will best suit you and your estate. Gifts left to charities in your will are exempt from inheritance tax and capital gains tax.

Your bequest to Reach will be a lasting gift endowed to The Jim Stynes Future Fund for Reach. The Jim Stynes Future Fund for Reach was established by formal Board charter to ensure Jim Stynes’ vision for young people lives on.

Leaveabequest

Making a Bequest

There are a range of bequest types to consider:

PECUNIARY OR SPECIFIC BEQUEST

This is a specific gift such as a stated dollar amount, property, possessions, insurance policies or shares, e.g. I, (name) give and bequeath my jewellery to The Reach Foundation.

PERCENTAGE OR FRACTIONAL BEQUEST

You may nominate a gift to Reach expressed as a percentage or fraction of your estate, e.g. I, (name) give and bequeath 20% of my estate to The Reach Foundation.

RESIDUAL BEQUEST

After providing specifically for family and friends you can nominate that the whole, or a specified percentage, of the remainder (known as the residue) of your estate come to Reach, e.g. I, (name) give and bequeath the residue of my estate to The Reach Foundation.  

WHOLE ESTATE BEQUEST

This comprises your entire estate and is usually left by those without beneficiaries or those wanting to achieve something very significant.

LIFE INTEREST BEQUEST

Your will may give a particular person use of an asset, such as property or invested funds, for the duration of their life. Upon their death, the asset can be passed on to Reach as your nominated end beneficiary

To be sure your wishes are realised, your bequest need to be formally stated. It is recommended you seek independent, professional advice to help you in either writing or updating your will.

To be certain your bequest reaches the Reach, it is important to use our full legal name and include our Australian Business Number:  The Reach Foundation (ABN 87 069 837 627).

Your solicitor, accountant and/or trustee company can advise you on tax matters such as trusts, guardians, asset valuation and power of attorney.

If you already have a Will, your bequest can be added as a Codicil (modification). A codicil is a document that amends, rather than replaces, a previously executed Will. We recommend that you seek professional advice on how to do this.

You are not obliged to inform us of your decision; however we appreciate if you let us know.  That way we get to thank you and discuss with you how your gift will benefit young people in the future.  

Any information about the gift you leave in your Will is treated in the strictest confidence.

Wording your Bequest

To ensure your wishes are clear and acted upon, we suggest the following wording:

I, (insert name), give and bequeath (insert the amount of money, % of estate, the residue of my estate or details of items) to The Reach Foundation ABN 87 069 837 627 free of all claims, to be used for its general purposes* (or insert for the specific purpose of ...).  I direct that the receipt of the duly authorised officer of The Reach Foundation shall be a sufficient discharge to my Executors for my bequest.

We prefer bequests for 'general purposes' as it gives us the flexibility to direct the funds where they are most needed.

When preparing or amending your will you should seek qualified professional legal or financial advice to ensure you achieve your wishes.

Enquiries

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