Leaving a Legacy: How to Donate to Charity in Your Will
Donations left through wills are the unsung hero of charitable fundraising in Australia. Making up an incredible 20% of annual income for Australian charities, they're integral to enabling this vital work. You can contribute to this difference today, by writing your will with Safewill. We answer your common queries on how to contribute, and how to make a difference in the legacy you leave.
How can I include a charity in my will?
A percentage of your estate in the Estate Module
You can divide up your estate as you like across your loved ones or charities of your choice. No legacy is too small, and even keeping 99% of your estate for your family, and designating as little as 1% to a charity can make a significant impact. Allowing your legacy to change lives which continue after your gone.
2. An amount of money or specific assets in the Gifts Module
Alternatively, you can leave a specified sum of money or specific asset of value to your chosen charity. This can include property, shares, jewellery or works of art.
Can I leave gifts to multiple organisations?
Safewill makes it possible to leave gifts to the multiple organisations you might like to support. This can be for specific gifts of identifiable assets left to assigned beneficiaries, or for residuary estate gifts of any leftover estate after payment of all other debts, taxes and gifts have been distributed. You can choose either or both gifts, as well as single or multiple organisations to distribute amongst!
Who should I discuss my charitable gift with?
Firstly, talking to your loved ones about your charitable intentions is important to ensure these wishes are carried out. It’s also extremely beneficial to notify charities of a gift in your will. This allows them to make the best use of your donation, by allocating budgets and planning ahead, as well as allowing them to reach out and give thanks for the gift.
Many charities have a legacy or bequest society, which makes up an integral part of their organisation’s culture and community. It can be incredibly rewarding to be apart of this, and see the legacy your leftover estate will contribute to.
Start on your will, and make a difference for the future today
Your gift, no matter how big or small, is so much more than a financial contribution - it will leave a lasting legacy for generations to come.
If you’d like to leave a gift, click here and get started on your Will today. Alternatively, to talk through your options with one of our experts, give us a call on 1800 103 310, or start a chat now.