Leave a Gift in your Will

Thank you for considering being a bequest donor to support Gasworks Arts Park’s cultural and creative work.

Gasworks endeavours to make the bequest process as easy as possible for you. There are many options to choose from that best meet your needs and respect your wishes.

This information is of a general nature and we recommend you consult with your solicitor who is best placed to provide advice suitable to your situation and ensure your Will is valid and that your wishes are expressed correctly.

1. Residuary Will Bequest

After looking after your loved ones, you may choose to leave the remainder (known as the residue) of your estate to Gasworks, with the below suggested wordings in your Will:

I, (insert name), give, devise and bequeath… [select the appropriate option below]

·         the residue of my estate [OR]

·         [insert number] % of the residue of my estate

to Gasworks Foundation Inc. (ABN 19 357 102 369) of 21 Graham Street, Albert Park, Victoria, 3206, free of all claims, for its general purposes, and the receipt given on behalf of Gasworks Foundation Inc. shall be a full and sufficient discharge to my executor.

2. Pecuniary Bequest

You may wish to nominate a dollar amount, expressed either as a nominal amount or a percentage of your estate, up to 100%, with the below suggested wordings in your Will:

I, (insert name), give, devise and bequeath… [select the appropriate option below]

·         the whole of my estate [OR]

·         [insert number] % of my estate [OR]

·         The sum of $ [insert value of your gift]

to Gasworks Foundation Inc. (ABN 19 357 102 369) of 21 Graham Street, Albert Park, Victoria, 3206, free of all claims, for its general purposes, and the receipt given on behalf of Gasworks Foundation Inc. shall be a full and sufficient discharge to my executor.

For the above two approaches, you may like to consider leaving a percentage of your estate rather than a dollar amount, as the value of your bequest could be significantly eroded by inflation between the time you write your will and the time it is administrated.

3. Specific Bequests

Your gift may be presented in form of a particular asset, such as property or invested funds, with the below-suggested wordings in your Will:

I, (insert name), give, devise and bequeath… [select the appropriate option below]

·         [insert number] of my [insert name of shares] shares [OR]

·         [insert description of the property or other types of asset/s]

to Gasworks Foundation Inc. (ABN 19 357 102 369) of 21 Graham Street, Albert Park, Victoria, 3206, free of all claims, for its general purposes, and the receipt given on behalf of Gasworks Foundation Inc. shall be a full and sufficient discharge to my executor.

If you have included Gasworks Foundation in your Will, please let us know, as we would like to thank you personally. You are welcome to notify us by:

·        Providing a copy of the part of your Will that mentions the gifts to Gasworks Foundation, or

·        Having your legal representative notify us in writing that you have left a bequest to Gasworks Foundation

Please be assured that any information you provide to Gasworks will be treated in the strictest confidence.

For more information, please contact Marketing and Fundraising Coordinator, Irina Goundortseva at irina@gasworks.org.au