Leave a bequest in your will to the Nature Conservation Trust
The Nature Conservation Trust of NSW is a not-for-profit organization that protects the environment through private land conservation. Making a bequest to the Nature Conservation Trust (NCT) in your will is one very personal way to leave a lasting environmental legacy.
If environmental protection and private land conservation is a cause that you care about, then remembering the NCT in your will could be the ideal gift that reflects your values and beliefs. Such generosity will enable the NCT to continue its work safeguarding endangered animal and native plant populations found on their conservation properties, like the coastal emus that have found protection on The Bog and the native grasslands now being managed sustainably on Bunhybee.
You can support the NCT by making a bequest of property or money in favour of the NCT’s dedicated trust fund, called The Nature Conservation Trust Public Fund, in your will.
The Nature Conservation Trust Public Fund has deductible gift recipient status under the Income Tax Assessment Act 1997, meaning that a capital gains tax exemption may be claimed by your estate in relation to any bequest of property you make. You should, however, seek independent taxation advice.
There are several ways to leave the NCT something in your will, including a gift of land or property, a gift of a specified percentage of your estate, a residual bequest, to leave your superannuation or to nominate The Nature Conservation Trust as a beneficiary of your life insurance policy.
Gift of land or property
You may choose to leave a gift of property, including land or personal property, to The Nature Conservation Trust Public Fund. If you wish to leave a gift of land we suggest that you contact us first to discuss your wishes.
Gift of a specified percentage of your estate
You may choose to provide in your will that a certain percentage of your estate be left to The Nature Conservation Trust Public Fund. One of the advantages of specifying a percentage of your estate is that it may assist you to keep your will up to date with changes in the value of your estate over time.
Leave a residual bequest
You may choose to leave the residue of your estate, which remains after you have made provision for family and friends, to The Nature Conservation Trust Public Fund.
Another way of making a bequest is to leave your superannuation to The Nature Conservation Trust Public Fund, by directing your superannuation provider to transfer the balance of your superannuation to your estate, and then leaving a specific or residual bequest through your will.
You may wish to nominate The Nature Conservation Trust Public Fund as a beneficiary of your life insurance policy. You should contact your life insurer to discuss with them the best way to arrange this.
Wording of your will
If you decide to leave a gift to The Nature Conservation Trust Public Fund in your will it is important that you use the correct wording.
Your solicitor may find the following clause helpful:
“I give [insert details of the bequest, for example the whole/a percentage/something specific/the residue of my estate], free from all debts (secured and unsecured) and all duties (whether federal or state) payable in respect of my estate, to The Nature Conservation Trust (ABN 22 526 891 208) or its successor entity, absolutely for its general purposes, and I declare that a receipt of the authorised officer for the time being of The Nature Conservation Trust or its successor entity will be a full and sufficient discharge of this bequest to my executor(s).”
Contact us today
Whatever way you choose to support the NCT, we encourage prospective donors and bequestors to seek professional legal advice in making or changing their will and to discuss the tax implications with their accountant or financial advisor.
To discuss leaving a bequest to the NCT, phone us on 1300 330 717 or email email@example.com.
You can download this information also as an info sheet [PDF, 421kb]