LEAVING A GIFT IN WILL

Make a lasting impact on the future of children’s health by leaving a gift in your Will to The Royal Children’s Hospital (RCH) Foundation. Your contribution will build a brighter future for our sickest and most vulnerable children.

Gifts in Wills, or bequests are a vital part of the support we receive at the RCH Foundation, with the majority of our fundraising income coming from bequests.

Did you know?

Did you know that almost 70% of Australians support charities in their lifetime, but only 7.5% of Australians over 60 include a charitable gift in their Will? If we could increase that figure to 14%, we could generate an additional $440 million every year for good causes across Australia. Just imagine how that generosity could impact the future of children’s health.

Who can leave a bequest?

You don’t have to be wealthy to leave a bequest that will make a significant difference to sick  children and young people at the RCH. Whatever the amount, your bequest will continue medical excellence and advancement at the hospital.

Where do donated funds go?

All donations to the RCH Foundation support ground-breaking research, innovative technology, the best medical minds and great patient and family centred care — the elements that make our hospital one of the best in the world.

All donations are directed where they’re needed most to ensure the RCH remains a great hospital leading the way. However, if you’re passionate about a specific area of the hospital, your donation can be allocated to it.

Organising your bequest

Organising a bequest is a simple process, which any professional Will provider or solicitor can assist with. It’s recommended that you seek independent, professional advice to help with either writing or updating your Will.

All bequests need to be formally stated in your Will to ensure your wishes are realised. There are a number of ways to do so:

Residuary bequest: after providing for your loved ones, you can nominate that the whole, or a specified percentage, of the remainder (known as the residue) of your estate be gifted to the RCH Foundation. As there is no fixed dollar amount stated, a residuary bequest prevents inflation from reducing the 'real value' of your gift.

Dollar amount: you may nominate an exact dollar amount to gift to the RCH Foundation.

Pecuniary bequest: this can be a specific gift such as property, possessions, insurance policies or shares that is clearly distinguishable and separate from the remainder of the property that forms your estate.

Life interest bequest: your Will may give a particular person use of an asset, such as property or invested funds, for the duration of their life. Upon their death, the asset can be passed on to the RCH Foundation as your nominated end beneficiary.

Wording your bequest

By providing the following wording to your solicitor when preparing your Will, you can ensure your wishes are clear and acted upon.

I, (insert name), give, devise and bequeath to The Royal Children's Hospital Foundation Limited (ABN 75 761 829 818) ATF The Royal Children's Hospital Foundation No. 2 Trust of Level 2, 48 Flemington Road, Parkville, Victoria 3052, free of all claims, in aid of

its general purposes OR

the specific purpose of (insert here)

"the sum of $XXX OR

"the residue of my estate OR

"a (XX)% share of the residue of my estate OR

"All my property known as (property folio number) situated at (address of property)  OR

"If any of the nominated beneficiaries predecease me, the bequest shall not fail but I give the share of my deceased beneficiary to The Royal Children's Hospital Foundation Limited ATF The Royal Children's Hospital Foundation No. 2 Trust

and I direct that the receipt of the proper officer of The Royal Children's Hospital Foundation Limited ATF The Royal Children's Hospital Foundation No. 2 Trust shall be a sufficient discharge to my Executors for my bequest.

Inform us of your bequest

Please let us know if you have included the RCH Foundation in your Will, or are considering doing so. By informing us of your gift, we can discuss the impact of your generosity and thank you for your support. Your details and those of your bequest will remain confidential.

To discuss, please contact Jessica Frean, Senior Executive – Bequests and Planned Giving, on 03 9345 6389 or jessica.frean@rch.org.au.