After providing for loved ones in a Will, a number of people choose to leave a bequest to benefit their community. A bequest is a gift of money, stock or property made in a Will, and is exempt from capital gains tax. Any bequests will be carefully managed by the Board to benefit the Barossa community in perpetuity.
A bequest may be recognised as a Sub Fund (Named Donation).
Making a bequest may be as simple as adding an additional statement to your existing Will such as:
“I bequeath the sum of TEN THOUSAND DOLLARS ($10,000) free of all duties to the Foundation Barossa Foundation absolutely for the purposes of said service, and I declare that the receipt of the treasurer, or other proper officer for the time being of the said services, shall be sufficient discharge of the same”
If you are considering making a bequest to the Foundation Barossa, we recommend you seek professional legal advice.
When someone close to us dies, we experience grief, sadness and ultimately, an appreciation of all the memories we have of that special person. Family and friends often choose to do something unique to honour the life of someone dear to them. A Memorial Donation to Foundation Barossa is one way of doing this, and at the same time will support charitable projects and educational scholarships in the Barossa community.