Have you considered leaving a gift to charity in your Will?
According to the Australian Fundraising Institute 7.5% of Australians leave a gift to a charity in their Will. These bequests account for approximately 15% of charities’ fundraising income and help charities carry out crucial work.
The Australian Fundraising Institute is running a social change campaign called “Include a Charity” with the goal of encouraging more people to leave a charitable gift in their Will.
Gifts can be small or large, be a specific sum of money, specific assets, or a percentage of your estate or residuary estate.
Notably, gifts of property or shares to a Deductible Gift Recipient (DGR) are generally exempt from capital gains tax (CGT) and gifting CGT assets such as shares is worthy of serious consideration.
For information on the Include a Charity campaign or for a list of charities you may wish to benefit visit Include a Charity in your Will. To discuss making a gift to a charity in your Will contact Fleur Craig on (03) 56364986.