Bequests and Memorial Gifts
“I have included a bequest in my will with the hope of bringing joy to many more deaf children in years to come.”
Remembering the Bionics Institute in your will is a practical way of making a difference in people’s lives. All bequests contribute significantly to our important biomedical research and will help future funding of research projects, laboratory equipment purchases, and research fellowships.
A bequest can be a gift of cash, property, shares or other investments. It can be a nominated amount, a percentage of your property, or the residue after all your other gifts, taxes and debts have been fulfilled.
Planning your will is one of the most important decisions you will make. It is a legal document that explains how you wish your assets to be disbursed after your death. This document should be carefully considered with respect to your family and loved ones’ needs and your specific benevolent interests. Your will can set your mind at rest in the knowledge that your assets will be legally administered in accordance with your specific instructions.
How to make a bequest in your will to the Bionics Institute
There are a number of ways you can make a bequest. These include:
- A nominated monetary gift
- Residential and other property
- Shares, art works and antiques
- An insurance policy
The Bionics Institute can give suggestions of specific research programs to be supported however, we would prefer a bequest to the general purposes of the institute, as a specific research program may not be current at the time that your will operates.
A bequest needs to be carefully drawn to comply with legal requirements. It is advisable to seek assistance from a solicitor. In the event of you wishing to make a nominated monetary gift in your Will, it is advisable that a paragraph such as the following appears:
I give to the Bionics Institute, the sum of $_____________ (insert the amount of the gift) or _____________% of my residuary estate ________________ and/or the following property ______________ (insert nature of gift such as address or real estate property or specific item) to be applied for the purposes of medical research by the Bionics Institute in such a manner as its directors may determine.
I direct that a receipt in writing of the authorised officer of the Bionics Institute shall be deemed proof of payment.
Keep in touch
If you are considering supporting the Bionics Institute with a bequest, we encourage you to contact us on 03 9667 7500. Should you wish your bequest to remain anonymous, we will respect this, and acknowledge your contribution privately.
A gift in lieu of flowers at a funeral of a family member, friend or colleague, is a special way to honour their memory. Some supporters also make an annual memorial gift on the anniversary or birthday of the loved one they wish to commemorate.
If you wish to encourage memorial gifts at a funeral, a family member or your funeral director please contact our Head of Marketing & Philanthropy on 03 9667 7537 to arrange personalised memorial donation forms and envelopes.
We acknowledge all donations by sending a thank you receipt letter. An acknowledgement letter will be forwarded to the bereaved family advising them that you have given a memorial gift (no dollar amount is mentioned).