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Gifts in Wills Gifts in Wills

Gifts in Wills

What will your legacy be?


Fred Hollows is remembered for the incredible legacy he left behind - The Fred Hollows Foundation. Like Fred, your legacy could be the gift of sight to people in need around the world.
 
In his final years, Fred travelled to Vietnam to train hundreds of doctors who went on to train others and ensured his life-changing work carried on. Fred’s gift, The Foundation, will continue to work towards his vision for a world where no person is needlessly blind. 
I believe the basic attribute of mankind is to look after each other.

- Professor Fred Hollows


Please click on one of the following links to navigate to the relevant section:

Why does The Fred Hollows Foundation need your help?

With the help of our supporters, The Foundation has restored sight to more than 2.5 million people in over 25 countries, screened more than 23 million people for eye disease, and trained more than 200,000 specialist eye surgeons and nurses, community health workers and teachers.

However, there are more than 36 million people in the world who are blind and 4 out of 5 of them don’t need to be. In most cases, eye diseases like cataract, trachoma and diabetic retinopathy can be treated or prevented.

By leaving a gift to The Fred Hollows Foundation in your Will, you can help transform the lives of many of the millions of people living with avoidable blindness.

Dr Sanduk Ruit, a close friend of Fred who shared the same vision: ending avoidable blindness, at Pullahari Monastery for the outreach eye camp held on the outskirts of Kathmandu restoring sight to many people.  


How to leave a gift to The Foundation

We know that your first priority is to look after your loved ones in your Will. We also know it is important for you to talk to them about your wishes and the reason why you might choose to leave a gift to The Fred Hollows Foundation.

Gifts in Wills (also called Bequests) are property or assets given to an individual or organisation in your Will. Gifts in Wills can come in many different forms including residues of estates, fixed sums of money, or percentages of assets.

  • A gift in your Will can take the form of:

    a) Residuary – the remainder of the Estate after specific gifts have been disbursed.

    b) Percentage – a percentage of the residue or the entire Estate.

    c) Pecuniary – a specific gift of cash.

    d) Specific asset – this could be real estate, shares, bonds or other items of value (works of art, jewellery etc.).

    e) An investment in perpetuity.

    You can leave a leave a gift specifically for one of the following purposes:

    a) General purposes: By leaving a gift for general purposes, you enable The Foundation to make the most of your contribution by using it towards the projects with the highest priority at the time of the gift.

    b) International programs: Gifts directed to our international programs support The Foundation’s work in more than 25 countries including sight-saving surgery, screening and prevention, antibiotics for eye diseases, training and education.

    c) Indigenous Australia program: Part of The Foundation’s mission is to improve the health of Aboriginal and Torres Strait Islanders. Gifts to our Indigenous Australia Program will help reduce the 94 per cent of vision loss that exists among Aboriginal and Torres Strait Islander people.

To make the process as simple as possible, we have provided the following suggested wording when including The Fred Hollows Foundation in your Will. You can take this to your solicitor or directly write it into your Will if you are managing it yourself.

Suggested wording for your Will:

 I give .... (insert benefit, either residual gift, a percentage or specific gift amount)  to The Fred Hollows Foundation ABN 46 070 556 642, for its:

a) General purposes

b) International programs for general purposes

c) Indigenous Australia Program for general purposes

(choose one out of a, b, c.)

I declare that the receipt of the secretary, treasurer or other proper officer of the nominated beneficiary will be a full discharge for my trustee who will not be bound to see its application.

  • Our promise to you

    If you choose to leave us a gift in your Will, we promise to:

    a) Honour your wishes.

    b) Respect that a decision as important as this needs time – how and when you choose to write it is personal to you.

    c) Understand that you might change your mind – circumstances can change and you have the freedom to reconsider your decision at any time.

    d) Honour your privacy – we would like to acknowledge your generosity but will only give you the recognition you are comfortable with.

    e) Ensure your gift is used in the most effective way.

    f) Continue to communicate and update you with the latest information on our programs and achievements.

The above information is also included in our free information pack. Click here to download it.
 

Associate Professor Angus Turner preparing Mavis Arnott for cataract surgery. Mavis had been blind in both eyes for many years. In June 2014, she received cataract surgery on her right eye at Port Hedland hospital, WA. The surgery was successful and she was able to see her 14 year old granddaughter, Brianna for the first time.

 

Extra information for solicitors

For information on creating Wills on behalf of your client, we have provided some useful information below to assist you in the process. 

  1. If a client wants their bequest to be allocated to a specific area, they can indicate this in the wording of their Will. We have three key areas, which are: General, International and Indigenous Australia. If a client has a specific request, please contact us and we will handle the request on a case-by-case basis. Generally, in order for The Foundation to allocate the money to the program with the highest priority of need at that time, choosing funds for ‘General purpose’ is our most effective method. However, we understand that occasionally people have certain personal connections to particular regions.
  2. Please ensure the correct wording is used (see below for an example) and include our full name, The Fred Hollows Foundation ABN 46 070 556 642.

  • Information for your client

    As a guide, we have provided the following suggested wording for you and your client to consider when including The Fred Hollows Foundation in their Will:

    I give .. (insert benefit, either residual gift, a percentage or specific gift amount)  to The Fred Hollows Foundation ABN 46 070 556 642, for its:

    a) General purposes

    b) International programs for general purposes

    c) Indigenous Australia programs for general purposes

    (Choose one out of a, b, c)

    I declare that the receipt of the secretary, treasurer or other proper officer of the nominated beneficiary will be a full discharge for my trustee who will not be bound to see its application.

    Organisational details:

    The Foundation is a registered company under corporate law, section 148 (1). ABN 46 070 556 642.

    The Foundation is registered under the provisions of the Charitable Fundraising Act (NSW) 1991. CFM 13014.

    Eligible tax-deductible donations have Deductible Gift Recipient (DGR) status with the Australian Tax Office.

    The Foundation is a signatory to the Australian Council for International Development (ACFID) Code of Conduct.

    The Foundation is a partner in the World Health Organization initiative VISION 2020 The Right to Sight, which aims to eradicate all forms of avoidable blindness by the year 2020.

Gabi Hollows with Giap. Back in 1992, Fred and Dr Ruit restored Giap's sight. Gabi Hollows travelled to Vietnam to see Giap to see the result of the Foundation's work - 25 years on. Giap is now in his 30's and married to Le Thi Binh. Together they have a son, Minh. Their daughter, Phuc, was born while Gabi was visiting.


Gifts in Wills are used to support our sight-saving work, including eye operations & treatments, eye health screening & awareness, and training eye surgeons, nurses, community health workers and teachers.

For every $1 donated, 76 cents goes directly towards eye health programs, 6 cents is necessary for administrative costs and 18 cents goes towards fundraising efforts which allow us to help even more people.

Importantly, in developing countries where 90 per cent of the world’s blind live, restoring sight is not only a cost-effective intervention, but the economic benefits of eliminating avoidable blindness far outweigh the costs.

In fact, a landmark study was conducted by PricewaterhouseCoopers (PwC) on behalf of a consortium of global eye health organisations including The Fred Hollows Foundation. This study, Investing in Vision, showed for every $1 spent on eye health care in developing countries, $4 of economic gain can be made.

Click here to see some amazing stories of the people that we've helped thanks to our supporters.


FAQs

  • Why should I write a Will?

    Writing a Will is important because it is a legal document that ensures your last wishes will be carried out the way you intended and that the people and causes you care about will be provided for.

  • How do I write a Will?

    You can either write a Will yourself or work with a solicitor to create a Will that is legally sound.

  • What are some common Will terms?

    • Beneficiary: a person or organisation who receives benefits, advantages or profit from a Will.
    • Bequest (also called a Gift in Will): the act of leaving or giving personal property or money to a person or organisation in your Will.
    • Codicil: an additional document that amends, but does not replace, a previously written Will.
    • Estate: all the money and property owned by an individual.
    • Executor: the person that you choose to ensure that your wishes in your Will are carried out.
    • Intestate: dying without a valid Will. When you die intestate, the court decides who will inherit your assets.
    • Legacy: a gift of money to a person/organisation in a Will.
    • Pecuniary bequest: fixed sum of money expressed as a gift in a Will.
    • Probate: the official recognition of the validity of a Will.
    • Residuary bequest: a gift of the remainder of the estate after all other bequests have been made and debts cleared.
  • When should I review my Will?

    It is important to remember that Wills become invalid after marriages and should also be reviewed after divorces and with the birth or adoption of a new child. Generally, you should review your Will every few years in case your circumstances change.

  • How much does it cost to make a Will?

    Solicitors’ fees can vary and often depend on how complex the Will is. It is advisable to compare different rates and research your options. Your Will can be written and updated by private Trustees and solicitors, who usually charge a fee. Some Public Trustees will not charge to prepare or update your Will, but only if they act as the Executor. Other Public Trustees may only exempt you from charges if you are a pensioner or aged over 60. Take some time to check with the local Public Trustee in your state or territory.

  • What if I already have a Will and now want to include The Fred Hollows Foundation?

    If you already have a Will, speak to your solicitor about including a codicil to include a gift to The Fred Hollows Foundation. A codicil is an extra clause added to your Will, so you do not have to write your Will again from the start. The codicil should be witnessed by two witnesses when you sign and date it.

  • Do I need to inform The Fred Hollows Foundation of my gift?

    We love to hear from the people who have made the generous decision to include The Foundation in their Will, and we would like to have the opportunity to thank them.

    Any conversation you have with us is entirely confidential and any recognition of your gift is at your discretion.

    By letting us know of an intended gift, it helps us plan for the future and gain an understanding of the funds we will have to invest in our International and Indigenous Australia Programs. However, it is entirely up to you when you inform us of a gift.

  • Will my gift be acknowledged?

    Funds from Gifts in Wills make a significant impact on the scope and reach of our programs around the world. For that we are grateful to each and every person who chooses to include The Fred Hollows Foundation in their Will.

    If you would like your gift to be recognised in other ways, please let us know.

 

Contact Us

We would love to hear from you. For a confidential conversation, please contact: 

Nadia Aden, Relationship Manager - Planned Giving 

Alternatively, please use the contact form below and we'll get back to you as soon as possible.

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