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Bequest

Bequest

A gift in your Will is your legacy to future generations of Australians

 

Contents

 

Make a commitment to future generations by including a gift in your Will

The Kolling Foundation is the fundraising arm Royal North Shore and Ryde Hospitals and the Kolling Institute for Medical Research. We work in partnership to ensure we can meet all of our hospitals and research needs through fundraising and bequests.

 

WHY SHOULD YOU CONSIDER LEAVING A BEQUEST?

It is a fact that around 50% of Australians will pass away without a valid Will. Aside from taking care of those family and friends closest to you, a Will gives you the opportunity to decide how you will be remembered after you are gone and can be a true expression of your values. 

By leaving a bequest, you can provide a gift to a cause close to your heart that you may not have been able to financially support in life. 

Leaving a bequest to a charitable organisation such as the Kolling Foundation or our partners can be a gift that changes lives not only now but for generations to come.

 

YOUR WILL – SOME CONSIDERATIONS 

  • We encourage you to always take care of your family first and to discuss any bequest intentions with them.
  • Always get the advice of a qualified solicitor, Public Trustee or Trustee Company. Remember a Will is an important legal document and should be carefully planned, drawn up and executed to ensure your wishes will be effectively carried out. We do not recommend using Will kits to prepare your Will.
  • Please consider that our priorities may change over time so keep the specifics of your Will as untied as possible. For example, consider leaving a gift to ‘Research’ over a specific area of research or to the RNSH rather than to a specific Doctor or Professor.
  • Make sure you keep your Will in a safe place where your family can find it.
  • Update your Will every few years as circumstances change.

 

WAYS TO LEAVE A BEQUEST

There are many ways to leave a bequest in your Will.

  • You can provide a percentage of your estate to support the Kolling Foundation or our partners. This means that if your estate grows or is depleted by inflation or unforeseen circumstances, your family, friends and other beneficiaries will not be disadvantaged.
  • You can give a specific amount of money or leave particular items such as shares or property.
  • Our recommendation is to leave a ‘residual’ bequest. This is a gift of whatever is left of your estate or a percentage of it after you have looked after loved ones and all taxes and debts have been paid.

 

PREFERRED WILL WORDING

Please provide the following Will wording to your solicitor:

 “I (insert name) give to the Kolling Foundation (ABN: 83 128 360 174) “my residuary estate” or “_______________ % of my residuary estate” or “my whole estate” or “the sum of $___________” or “my ____________________ (insert precise detail of a specific gift) for its (insert either “general purposes” or a “specific purpose” (see examples below) and the receipt of the public officer or other proper person for the time being of this organisation shall be a full and sufficient discharge to my trustee for the payment of such benefit."

Examples of specific purpose:

  • RNSH
  • RNSH Priority Equipment
  • Kolling Institute of Medical Research
  • Kolling Institute – Cancer/Renal/Perinatal/Ageing etc. research
  • Fundraising
  • Ryde Hospital
  • Leave an endowment

Name: Kolling Foundation
Phone: 02 6436 0610

Address:
Level 9 Kolling Building
Royal North Shore Hospital
Reserve Road
St Leonards NSW 2065

We would be very happy to answer any questions you may have or to arrange a tour of our facilities. Please contact us by calling  02 9436 0610 or email bequests@kolling.org.au.

 

THE EVA KOLLING SOCIETY

Members of the Eva Kolling Society are a very special group of people who have advised us that they have included a gift in their Will to the Kolling Foundation or one of our partners.  

The very first building created for the Kolling Institute for Medical Research was made possible because of a £5,000 gift from Sydney philanthropist Eva Kolling in 1929 in memory of her husband Charles. In making her gift, Mrs. Kolling acknowledged the doctor who so kindly showed her through the existing laboratory, which was about to be torn down to build nurse’s quarters, and a friend who had suggested that Mrs. Kolling might care to fund a new building.

"To these people," she wrote, "I tender my most sincere thanks because not only will my husband’s name be known forever, but many lives will be spared and humanity assisted generally."

 As a member of the Eva Kolling Society, you will have the opportunity to attend occasional events or personal tours featuring leading medical specialists and researchers to hear about the medical discovery you will support through your bequest. It will give us the opportunity to thank you in person for your commitment to our work. 

If you would like more information about the Eva Kolling Society please contact Julie McDonald, Chief Executive Officer, Kolling Foundation on 02 9436 0610 or email bequests@kolling.org.au

Any information you provide will be treated in the strictest confidence.

 

CONTACT INFORMATION

Name: Kolling Foundation

Email: bequests@kolling.org.au 
Phone: 02 6436 0610

Address:
Level 9 Kolling Building
Royal North Shore Hospital
Reserve Road
St Leonards NSW 2065