Bequests

Giving back to the future

Melbourne Community Foundation offers an ideal way to leave a bequest in your Will that will take account of your funding wishes and be carefully managed to benefit local people in your community forever.

It will also associate your name with the community you lived in and loved.

After providing for family and friends in your Will, an increasing number of people are considering leaving a proportion of their estate to help others in their local community.

There are a number of different ways in which you can leave a bequest to the Community Foundation.

A pecuniary bequest – is a fixed amount specified in your Will.
Gifts of shares or property – are exempt from capital gains tax.
A residuary bequest – is the remaining value of your estate when all other bequests to family and friends have been made and your liabilities have been paid.
A reversionary bequest – allows a surviving partner to benefit from your estate during his or her lifetime and then for the balance of the estate to be paid to the Community Foundation on their death.

If you wish to make a bequest to Melbourne Community Foundation, we advise you to speak to your solicitor who, with us, will assist you draft the terms of your gift.

However, this wording will act as a guide to you and your adviser.

I give ……………… to Community Foundation Network Ltd., as Trustee of Melbourne Community Foundation Extension Fund (ABN 57 485 460 977) to be held on trust in the MCF Extension Fund [and request, without obligation, the Trustee of the Fund hold the bequest in (insert name of sub-fund) and to apply the income [as the Trustee decides/in favour of specific purposes or organisations or such other organisations having similar purposes as the Trustee may decide] and to acknowledge grants from my bequest, where ever practical in the Trustee’s discretion]. The executor may accept a receipt from the secretary of the trustee of the Fund as sufficient discharge of this bequest.

More about making a bequest

View a brochure with more information about Bequests
Contact MCF on (03) 9412 0412 to discuss any aspect of making a bequest.

Last Updated ( Thursday, 14 June 2007 )