make a bequest

Why gifts in wills are important for the Snowdome Foundation:

A gift to the Snowdome Foundation in your will could make a lasting contribution in the fight to find a cure for blood cancers.

Your gift could help provide ongoing funding for Australian researchers to advance new treatments, help facilitate clinical trials of new drugs and therapies and ultimately help ‘make hope real’ for Australians with blood cancers.

Gifts in wills, both large and small, play a vital role in accelerating next-generation treatments for Australians with blood cancers.

Once you have provided for loved ones, please consider including the Snowdome Foundation in your will.

Sue_Timbs 

“Having served as a Board member of the Snowdome Foundation for five years, I had the privilege of working alongside the dedicated and passionate co-founders, directors and executive team. Their steadfast commitment to improving outcomes for Australian blood cancer patients is strategic and passionate. I would like to help their brilliant work continue into the future and have therefore included a charitable bequest to Snowdome in my will.” .. Susan Timbs

  • Types of gifts in wills
  • Indicating how your gift should be invested
  • Suggested wording for your will
  • How to leave a gift in your will to the Snowdome Foundation
  • Informing us of your decision

 

Types of gifts in wills:

Leaving a gift in your will can be done in a number of ways. If you are unsure about the process, we recommend you speak with your solicitor, trustee company or the Public Trustee.

Your gift could take the form of:

  • A residual gift
  • A specific amount of money
  • Specific items or assets of value
  • A contingent bequest

A residual gift
A residual gift is a portion of your estate, or the balance remaining after providing for loved ones and expenses.
A residual gift is the best type of gift because it maintains the relative value of your gift and automatically adjusts to changes in the value of your estate.  This ensures your loved ones are cared for and only the balance or a portion of the balance goes to the Snowdome Foundation.

Specific amount of money
This type of gift is sometimes called a pecuniary bequest. A pecuniary bequest allows you to nominate a specific amount of money that you would like to donate to the Snowdome Foundation.

Specific items or assets of value
Anything of value, such as property, shares, a life insurance policy, jewellery or works of art, may be specifically named in your will and given directly to the Snowdome Foundation.

Contingency bequest
This is whereby you establish a trust in your will to allow a spouse or other named beneficiaries (usually family members) to use your property and to receive all of the income derived from your estate during their lifetime. When they die, the capital and interest will be passed on to the Snowdome Foundation (as contingency beneficiary).

Indicating how your gift should be invested:

Most people indicate in their will that the Snowdome Foundation should distribute the funds towards:

  • accelerating blood cancer research
  • priority needs for the Snowdome Foundation
  • Snowdome Foundation Endowment.

Please seek legal advice – we recommend that you seek the advice of an independent solicitor or qualified legal advisor before making or revising your will. You should also seek qualified advice before choosing executors to administer your estate.

Suggested wording for your will:

To ensure your intentions are correctly followed, it is important to word your will correctly. The suggested wordings for each type of gift are set out below.

Accelerating blood cancer research
A gift to the Snowdome Foundation will help support innovative research to accelerate new treatments for Australian blood cancer patients.
“I give [all of my residual estate / ___ percent of my residual estate / the sum of $ ________ (choose one alternative)] to Snowdome Limited atf the Snowdome Foundation, Suite 4, 209 Toorak Road, South Yarra, Victoria, 3141, to be used for the purposes of Australian blood cancer research and I declare that the receipt of the CEO, or Directors of the Snowdome Limited atf the Snowdome Foundation is sufficient release for the executors of the Estate without seeing to the final distribution of the funds.

Priority needs
A gift to the Snowdome Foundation will help support high priority needs of the foundation, such as infrastructure or administrative costs, as deemed by the Snowdome Board.
“I give [all of my residual estate / ___ percent of my residual estate / the sum of $ ______ (choose one alternative)] to Snowdome Limited atf the Snowdome Foundation, Suite 4, 209 Toorak Road, South Yarra, , Victoria, 3141, to be used for any high priority needs of, or connected with, the Snowdome Foundation and I further declare that the receipt of the CEO, or Directors of the Snowdome Limited atf the Snowdome Foundation is sufficient release for the executors of the Estate without seeing to the final distribution of the funds.”

Snowdome Foundation Endowment Fund
The Snowdome Foundation Endowment Fund investment generates a perpetual stream of income to help accelerate next generation blood cancer research projects, and to meet the Snowdome Foundation’s other highest priority needs.
“I give [all of my residual estate / ___ percent of my residual estate / the sum of $ ______ (choose one alternative)] as an endowment to Snowdome Limited atf the Snowdome Foundation, Suite 4, 209 Toorak Road, South Yarra, Victoria, 3141, to be held upon trust and I direct the Trustee of the Foundation, Snowdome Limited, to make income distributions for the purposes of funding blood cancer research activities in Australia and I declare that the receipt of the CEO, or Directors of the Snowdome Limited atf the Snowdome Foundation is sufficient release for the executors of the Estate without seeing to the final distribution of the funds.”

Please download this wording to share with your legal adviser.

How to leave a gift in your will to the Snowdome Foundation:

In most cases, it is a simple process to write or revise a will to include the Snowdome Foundation.  Your efforts will help bring next-generation treatments to Australian blood cancer patients.

Simple steps for remembering the Snowdome Foundation in your will:

  1. Consult your legal adviser to ensure the option you have chosen best reflects your intentions.
  2. Discuss your decision with your family and loved ones. This will ensure they understand and support your reasons for choosing to help the Snowdome Foundation in such a powerful way.
  3. Once you have remembered the Snowdome Foundation in your will, please let a member of Snowdome know. While you do not need to tell us, we would love the opportunity to thank you for your kindness.

Informing us of your decision:

Informing us of your decision to remember the Snowdome Foundation in your will provides us with the opportunity to personally thank you for your kindness and generosity. Please contact our Snowdome Executive at ceo@snowdome.org.au    Thank you.

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