Types of Bequests
There are four main types of bequests a donor can leave in their will.
This is the remainder of the donor’s estate after first leaving gifts to their loved ones. A residual bequest will stay consistent with inflation.
Percentage or Fractional
This is a gift expressed as a percentage or fraction of the donor’s estate. Again, these gifts aren’t influenced by inflation. Donors can leave a percentage of either the residue of their estate or a percentage of the entire estate.
Pecuniary or Specific
This is a specified gift which can include money, property or stocks and shares.
This comprises the donor’s entire estate and is usually left by those without family or other preferred beneficiaries, or by those wanting to achieve something very significant with their gift.
A bequest may be given 'freely', meaning that the recipient organisation can make arrangements as it sees fit within the aims of the organisation, or it may be given with conditions, which must be honoured.
Where Can you leave a legacy gift?
Wording for your Will
If you would like to assist the Church to continue its charitable works, we recommend the following standard clause:
I give to the Roman Catholic Archbishop of Sydney from time to time the sum of $______________ for the purpose of (select from of the following):
- The Catholic Archdiocese of Sydney (ABN: 72 823 907 843)
- The Priests’ Retirement Foundation (ABN: 88 279 335 346)
- The Charitable Works Fund (ABN: 60 471 267 587)
- St Mary’s Cathedral (ABN: 13 120 232 163)
- My local parish (please specify)
If you wish to leave the whole or part of your estate, then this clause will have to be adapted accordingly in consultation with your solicitor.
Cardinal Gilroy Society
The Cardinal Gilroy Society was established in 2009 to honour and thank those people with the foresight to pledge a bequest for the ongoing ministries of the Catholic Archdiocese of Sydney.
Supporters who advise that they have left a bequest in their Will to one of the Sydney Archdiocese’s good works including the Charitable Works Fund, the Priests’ Retirement Foundation, St Mary’s Cathedral Conservation Appeal or one of its parishes or agencies, are invited to become members of the Gilroy Society.
If you have pledged a bequest, please let us know and we would be honoured to have your involvement in the Cardinal Gilroy Society.