Gay Marx – Cures Can Take More Than a Lifetime
Gabriele (Gay) Marx is described by her godson, Mark Hedges and wife Robyn as "a formidable lady with a heart of gold”.
She was always a forthright, business-like woman, but if you took the time to get to know her, it was well worth it. I feel a great deal of warmth and respect for Gay", said Mark. A very successful businesswoman, Gay ran a bookkeeping service in Sydney for almost 30 years. Mark's mother shared a life-long friendship with Gay, who was considered part of the Hedges family, and they were part of hers. Gay never married, and with no children, asked Mark and Robyn to be the executors of her estate. This included managing a generous bequest to the Garvan.
Gay was reasonably healthy, but over the years her health deteriorated. "I think that's where the interest in medical research came from. She supported a range of medical charities during her life (including Garvan), and she left the build of her estate to medical research", says Robyn.
Tip: When shares have been left to a charity, consider transferring them directly to the charity. Selling shares within an estate, then forwarding the funds can result in capital gains and transaction tax implications that can have a significant impact on the final value of the bequest, as charities are exempt from capital gains and transaction tax.
If you would like more information about leaving a bequest to the Garvan in your will, please contact Carol O’Carroll on 02 9295 8117, or email firstname.lastname@example.org.