Please assure your client that their Gift is deeply appreciated and will be used to provide maximum benefit in support of Project Rozana’s programs.
Suggested wording for Will
I give Australian Dollars $.......… to The Project Rozana Foundation Limited (Project Rozana Australia) ABN 82 632 137 083 as a gift and the receipt of a duly authorised officer of Project Rozana Australia shall be sufficient discharge for my Executors.
I bequeath <<_____ percent of my residual Estate/ the sum of AUD$_____ (choose one alternative)>> to The Project Rozana Foundation Limited (Project Rozana Australia) ABN 82 632 137 083.
I declare that the receipt of the secretary, trustee or other officer of The Project Rozana Foundation Limited (Project Rozana Australia) is sufficient release for the executors of the Estate.
Organisation information
Registered Name: The Project Rozana Foundation Limited (Project Rozana Australia)
ABN: 82 632 137 083
Postal Address: PO Box 2400, Caulfield, Vic 3161
Endorsed as an income tax exempt charitable entity under Subdivison 50-B of the Income Tax Assessment Act 1997. Endorsed as a deductible gift recipient under Subdivision 30-BA of the Income Tax Assessment Act 1997.
Maximising your client’s bequest
With some extra thought in estate planning, your client’s gift to Project Rozana Australia can be made in a more tax-effective way, creating the potential for a larger charitable bequest or a greater amount leftover for other beneficiaries:
Tax exempt
The Project Rozana Foundation Limited (Project Rozana Australia) is endorsed as a deductible gift recipient (DGR) and is fully tax exempt.
Capital gains tax and in specie transfer of assets such as shares
The Project Rozana Foundation Limited (Project Rozana Australia) is exempt from capital gains tax (CGT). This means that assets subject to CGT such as investment properties or shares which are transferred to Project Rozana Australia ‘in specie’ will not be subject to tax on the capital gains.