Bequest
Your gift can help Sheds provide opportunities for improved wellbeing and health for men and support local communities.
Bequest
Men’s Sheds of WA are grateful to all the special people who choose to support the men shed movement through a bequest (a gift or Legacy made in your Will).
Did you know that:
- men in Australia die 6 years younger than women on average.
- men under 65 are 4 times more likely than women to die from heart disease.
- 3 out of 4 suicides are male.
Your bequest will contribute directly to our expanding our activities, helping Men’s Sheds of WA have an everlasting impact on the health future of West Australian men.
Every dollar really does make a difference to us and you can rest knowing you’ve made a positive difference to your community after you’re gone.
How bequests work
You have various options when it comes to leaving a gift in your will to ensure your estate is shared how you wish:
- Residual gift – this means leaving the remainder (or percentage thereof) of your estate to Men’s Sheds of WA, after your loved ones have been considered, and any expenses deducted.
- Pecuniary bequest/fixed sum – this gift is in the form of a specified cash amount e.g. $10,000.
- Percentage bequest – this is used if you wish to divide your estate among a number of people or organisations. Leaving your gift as a percentage rather than a fixed amount will ensure that inflation doesn’t erode the value of your gift over time.
Through bequests you can:
- Establish a named fund, with a bequest of $10,000 or more. This amount is the minimum required for a fund to make a significant difference.
- Give to an established named fund, with a bequest of any amount
- Give to Men’s Sheds of WA, with a bequest of any amount
There are three types of bequests you can leave in your Will:
- Pecuniary bequest. A fixed amount specified in your Will.
- Residuary bequest. The remaining value of an estate when all other bequests to family and friends have been made and liabilities have been paid out
- Reversionary bequest. Allows a surviving partner to benefit from your estate during his or her lifetime and then for the balance of the estate to be paid to Men’s Sheds of WA on their death.
Specific wording
Here is the specific wording recommended for including a bequest to Men’s Sheds of WA in your Will.
If you wish to donate a percentage of your estate:
“I give to Men’s Sheds of WA (ABN 67 979 314 821), for its general purposes, free of all duties ________ % of my residuary estate for which an authorised receipt from the Men’s Sheds of WA will be a sufficient discharge for the executor or trustee.”
If you wish to donate the residue of your estate:
“I give to the Men’s Sheds of WA (ABN 67 979 314 821), for its general purposes, free of all duties the residue of my estate for which an authorised receipt from the Men’s Sheds of WA will be a sufficient discharge for the executor or trustee.”
If you wish to donate a specific sum:
“I give to the Men’s Sheds of WA (ABN 67 979 314 821), for its general purposes, free of all duties the sum of $__________ for which an authorised receipt from Men’s Sheds of WA will be a sufficient discharge for the executor or trustee.”
If you wish to donate a specific sum to establish a named fund (minimum $10,000.00):
“I give to the Men’s Sheds of WA (ABN 67 979 314 821) to establish a named fund in the name of __________________, free of all duties the sum of $__________ for which an authorised receipt from the Men’s Sheds of WA will be a sufficient discharge for the executor or trustee.”
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