Bequests

Residuary gift 

The residue of your estate is what is left after loved ones are provided for and any outstanding debts have been paid. A residuary gift could be a percentage or the whole of the residue of your estate. A gift left in this way will not lose its value over time and is best way to ensure that family and loved ones come first, while also providing the most possible help to Rozana.

Pecuniary gift 

This is a gift of a fixed amount of money or other property such as shares. However, it is worth pointing out that the effects of inflation could mean that the actual value of this gift is reduced over time. If you are considering leaving a cash gift, we respectfully suggest that you consider inflation-proofing the legacy. Please see Information for Solicitors Making a Will for an example of how this can be done.

Specific gift 

This is the gift of a specific item such as property, art or jewellery which can be sold to support our work. You can decide whether you want to specify how your gift is used, or simply trust us to put your gift to its very best use. The more flexibility we have to invest your gift in the best way possible, the better our chances of saving lives.

Please assure your client that their Gift is deeply appreciated and will be used to provide maximum benefit in support of 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.