How to Leave a Gift in your Will

How to make health equity your legacy.

Q. Should I tell my family of my wish to leave a gift in my Will to Burnet?

Definitely. We welcome any questions your family or friends may have about our work, or how we will invest your gift when the time comes. They may like to come on a lab tour with you to see what previous gifts in Wills have made possible.

Q. Are gifts of any size accepted?

We are honoured and grateful to receive gifts of any size. Whatever kind of gift you leave, we promise it will make a tangible impact and be greatly appreciated by those whose work your gift will make possible.

Q. What type of gift has the most impact?

Any gift you feel able to leave will have a huge impact. Only 6% of Australians leave a charitable gift in their Will, so the fact that you are considering this makes you special already. One of the most beneficial gifts is a percentage of your estate which will hold value over time. We recommend speaking with your solicitor and family for the best advice.

Download to learn more about Bequests and Gifts in Wills

Q. Can I leave a gift to a specific area of research?

You can, but it can make allocating funding difficult for research if a disease is cured, or a problem solved. We recommend that you let us know your wishes when you write your Will, and we will apply your gift to the most appropriate area when the time comes. We are also more than happy to discuss this with your family.

Q. Can my gift become part of Burnet Institute’s Endowment Fund?

Absolutely. Please contact our offices to discuss your considerations further.

Q. What wording do I use to draw up my Will?

There are various online Will writing facilities available, but we recommend seeking the assistance of a solicitor to draft the clause that is appropriate to you and your loved ones. The following words can be used as a guide:

“I give the sum of $[amount]; OR [insert percentage] of my residuary estate; OR [specific assets, such as real estate, shares, artwork, etc] to the Macfarlane Burnet Institute for Medical Research and Public Health Ltd ABN 49 007 349 984 for its general purposes [OR otherwise]. I declare that the receipt of the Secretary or other proper officer for the time being of the organisation shall be a full and sufficient discharge to my executors/trustees.”

Your choice

It is easy to include Burnet Institute in your Will. You can choose how you want to leave your gift, including:

  • A residuary bequest. After providing for your loved ones and paying all debts, the remainder of your estate (or a percentage of the remainder) can be left to the Institute. This type of bequest guards against the effects of inflation over time. This is the simplest way to help Burnet’s future medical research and public health work.

  • A cash bequest. You can leave a specified dollar amount – but please remember that, over time, the real value of a cash bequest may reduce because of inflation.

  • Specific bequest. You can leave property such as real estate, shares or anything of value to Burnet. The Institute can also be the sole beneficiary of a life insurance policy.

  • Life interest bequest. If you have a loved one you wish to care for during their lifetime, you can allow them the use of a property and/or income from an investment during their lifetime, after which the property or investment is transferred to Burnet.

Legal advice

Making a Will need not be complicated or expensive but you should always seek the advice of a qualified solicitor or trustee so that your wishes are carried out just as you intend. If you do not have a solicitor, the Law Institute or Society in your state or territory can refer you to an experienced Wills and Estates solicitor.