Including a bequest to Sir David Martin Foundation in your Will can ensure you leave a lasting impact upon the lives of young Australians.
Sir David Martin knew the difference a bequest can make. In his time as Governor of New South Wales he saw the devastating impact of homelessness on young people's lives and decided to do something direct and enduring about it; he started the process to establish Sir David Martin Foundation to care for these young Australians.
You too can make a difference. It is not just the super wealthy who leave money to charity when they die. In fact, most of the bequests we receive are made by ordinary, hard-working people who want to make a positive difference to their community after they’re gone. Leaving a bequest makes a significant contribution to our youth programs and ensures they continue into the future.
A gift in your Will not only provides us with financial support to run our youth programs, it also is a meaningful testament to your values and what is important to you that will continue after you're gone.
Did you know that bequests can take various forms?
- The Residue of your Estate | After you have looked after your family, friends and any debts, you may choose to leave what remains to Sir David Martin Foundation. This is called a residuary bequest. Many people choose this option because it means you look after your loved ones first.
- A Percentage of your Estate | This option has the advantage of not being affected by inflation. No matter how your estate changes, your bequest remains in proportion with other parts of your Will.
- A Specific Bequest | This option allows you to specify the exact amount or asset you wish to bequeath to Sir David Martin Foundation through your Will. Because this option does not allow for inflation or changes to your estate over time, you may need to review your Will regularly.
- A Named Bequest | You can set up a named bequest - in your own name or that of a loved one – as a living memorial. Benefactors to Sir David Martin Foundation, for example, can be remembered over the years through named scholarships or encouragement awards.
Leaving a bequest in your Will
Wills are legal documents so it is important that they are accurate and specific to avoid any confusion or disputes. It is always worth talking to a legal professional to ensure that you have covered everything in your Will; mistakes may render a Will invalid. Furthermore, it is important to update your Will from time to time to reflect changes in your life.
If you would like to add a bequest to an existing Will, you can add a simple clause known as a codicil. Your solicitor or advisor can help you to ensure that the codicil does not contradict or compromise other clauses in your Will.
If you wish to bequeath part of your Estate to Sir David Martin Foundation, you should to provide the below details in your Will. Small mistakes in names or addresses, or lack of information, can lead to legal disputes.Sir David Martin Foundation (Registered Charity Number: CN14142, ABN: 37 506 673 286)
Level 7, 580 George St
Sydney NSW 2000
Suggested text to include:
"I give and bequeath [rest and residue of my estate] [--%of my estate] [the sum of $--] [specified terms] to Sir David Martin Foundation (ABN: 37 506 673 286) of Level 7, 580 George St, Sydney, NSW, 2000 for its general purposes and declare that the receipt of an executive officer at the time shall be sufficient discharge of my executor's duty."
Our Bequest Charter
Sir David Martin Foundation greatly values its supporters and this charter outlines our commitment to supporters who wish to leave a bequest.
- We will always respect your privacy, as we realise your Will is personal to you
- We recognise that your family and loved ones will always come first
- You can tell us if you have left a bequest in your Will, but you do not have to
- We promise to use your gift carefully and cost effectively so it will do the most good
- We acknowledge that you have the right to change your mind at any time regarding your bequest
- We will handle whatever gift you chose to give us with efficiency, sensitivity and respect
McCabe Lawyers has offered Pro Bono legal assistance to those who need help in setting up their bequest.