- How to make a bequest
- Wording for your Will
- For solicitors and executors
- Partners for the Future
Give the gift of better health to future generations
Our vital research is only possible with the support of people like you. A gift in your Will to the Garvan Institute is a meaningful way to make a lasting impact on the health and lives of future generations.
By supporting Garvan in your Will, you will help our discovery research and drive the translation of breakthroughs from the lab to the clinic. You can help revolutionise human health for your loved ones, now and in the future.
When you include a gift in your Will to Garvan you are joining our family of honoured supporters who we call our 'Partners for the Future'.
Whatever your gift, each and every bequest contributes to the future of pioneering research discoveries across the diseases that have the deepest impact on our community. We are truly honoured and feel there is no greater privilege than to be included as a beneficiary in a person’s Will.
Getting started
It’s easy to leave a gift in your Will to Garvan and become a Partner for the Future. You can either include the gift when you write your Will or simply add one as a codicil to your existing Will. It is important to talk to your loved ones about your intentions and let them know that leaving a bequest to Garvan is important to you. This can help to ensure that your intentions and wishes are carried out.
If you have any questions, or would like more information about including a gift in your Will to Garvan please contact our bequest team using this form.
Your enquiry will be treated confidentially and without any obligation.
Below is the suggested wording for your Will. You should seek professional advice from a legal adviser to ensure your wishes are recorded in a legally binding way.
Percentage or whole of estate gift
I give % (enter percentage) of my estate, free of all duties, to the Garvan Institute of Medical Research (ABN 62 330 391 937) to be applied for the purposes of medical research by the Institute. I declare that the receipt of a Director of the Institute or other authorised officer will be a sufficient discharge to my executors who will not be bound to see to the application of this gift.
Residual gift
I give % (enter percentage) residue of my estate, free of all duties, to the Garvan Institute of Medical Research (ABN 62 330 391 937) to be applied for the purposes of medical research by the Institute. I declare that the receipt of a Director of the Institute or other authorised officer will be a sufficient discharge to my executors who will not be bound to see to the application of this gift.
Pecuniary gift
I give (enter dollar amount) of my estate, free of all duties, to the Garvan Institute of Medical Research (ABN 62 330 391 937) to be applied for the purposes of medical research by the Institute. I declare that the receipt of a Director of the Institute or other authorised officer will be a sufficient discharge to my executors who will not be bound to see to the application of this gift.
Specific gift
I give (enter specific gift), to the Garvan Institute of Medical Research (ABN 62 330 391 937) to be applied for the purposes of medical research by the Institute. I declare that the receipt of a Director of the Institute or other authorised officer will be a sufficient discharge to my executors who will not be bound to see to the application of this gift.
If you are interested in leaving a gift in your Will to a specific area of research, please contact the team for more information.
For bequestors who wish to leave a named fellowship to Garvan in honour or memory of loved ones, please contact our friendly team to discuss these details and advice on the correct wording.
Bequests are extremely important to the future of medical research at Garvan.
They are typically directed to our endowment fund, which means the gift will provide income in perpetuity. This enables us to plan with some security as well as fund new research projects with greater flexibility where there is the best chance of making a real healthcare breakthrough.
We are also extremely careful to respect the wishes of the bequestor and the terms of the Will – if the Will specifies an area of research to support, this will be upheld. If you have any questions about the scope of our work, and whether it matches the terms of the Will, please contact us.
Garvan’s charitable status
The following legal points, which may significantly enhance your client’s bequest.
Deductible Gift Recipient Status
The Garvan Institute of Medical Research (ABN 62 330 391 937) holds Deductible Gift Recipient (DGR) Status Item 1 and is fully Tax Exempt. As the Fundraising and Marketing division of the Garvan Institute, the Garvan Research Foundation (ABN 91 042 722 738) also holds Deductible Gift Recipient (DGR) Status Item 2 and is fully Tax Exempt.
Capital Gains Tax on estate assets and transfer of shares ‘in specie’
As Garvan Institute of Medical Research is fully Tax Exempt, the transfer of all Capital Gains Tax assets such as real estate or shares to Garvan will result in significantly reduced tax liability, rather than pre-selling those assets by executors and transferring the sale proceeds.
Superannuation
Superannuation is not automatically directed through a person’s Will. If you wish to assign your superannuation to the Garvan, the super balance will need to be left to your estate, in which case it will be dealt with as determined in the Will.
Administration of the estate and distributions
Bequest funds distributed by cheque should be made out to the Garvan Research Foundation or can be transferred by direct deposit. Please call us to request our bank account details.
Contact estates administration
Phone
(02) 9295 8559Mailing address
Donna Mason, Estates Administration Lead, Garvan Institute, 384 Victoria Street, Darlinghurst NSW 2010Taking care of the next generation is in our DNA
Our Partners for the Future are special members of the Garvan family who have left a gift to Garvan in their Will. Their generosity and vision for the future will play a major role in Garvan’s future and help our researchers discover scientific breakthroughs that will prevent, diagnose and cure disease.
More information
If you have any questions, or would like more information about including a gift in your Will to Garvan please contact our bequest team using this form.
Your enquiry will be treated confidentially, and without any obligation.