Making or updating a legally valid Will is the best way to protect and distribute your assets and provide for your loved ones. You may also wish to leave a gift to help advance lifesaving heart research.
No matter how big or small, your gift will help to create a better future and improve heart health for all Australians.
Types of gifts you can leave in your Will
- A percentage. A percentage of your whole estate or of your residue.
- A residual gift. A gift from the remainder of your Estate, after specific gifts, debts and legacies have been fulfilled.
- A gift of a fixed amount of money.
- Specific Asset: A fixed asset such as shares, real estate, or other items of value.
Recommended wording to use when leaving a gift in your Will
“I give, free of all duties and taxes to Heart Research Australia (ABN 62 002 839 072),
__% of my Estate, or
__ % of the residue of my estate, or
the sum of $_________, or
the following assets: ________
to be used to support research into cardiology in such manner as the Board of Directors may determine and I direct that the receipt of the Chief Executive Officer or other authorized officer of Heart Research Australia shall be sufficient discharge to my trustees.”
Organisation Information
Registered Name: Heart Research Australia
ABN: 62 002 839 072
Tax Exempt
Heart Research Australia (ABN 62 002 839 072) is endorsed as a deductible gift recipient (DGR) and is fully tax exempt.
Capital Gains Tax and In Specie Transfer of Assets such as Shares
As a DGR status non-profit, Heart Research Australia is exempt from paying capital gains tax on shares. If you are considering making a gift to Heart Research Australia in your Will, consider transferring shares directly to Heart Research Australia. This strategy can reduce the overall tax burden on your estate by not having to pay capital gains tax on the gifted shares, thereby allowing your primary beneficiaries to receive greater benefits. As everyone’s situation is slightly different, we recommend talking to tax advisor to achieve the best outcome for your individual situation.