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13 Dec 2016

Newsletter | December 2016 | Philanthropy update

Q: What’s a charitable bequest?

A: Also known as a ‘legacy’, a charitable bequest is a gift made to charity through your Will. It is a really easy way to support a charity after your family and loved ones are taken care of. They are also a really flexible way of giving – you can alter a bequest any time you re-write your Will.

Bequests are not just for the ‘rich and famous’, they are made by everyday people. It doesn’t matter whether your gift is large or small – it can make a difference. You can take comfort in the fact that your values and beliefs will live on through the causes you support.

Depending on how much you have to donate, there are other structures you could use to create an enduring legacy. You could establish your own Charitable Trust or set up a Sub-Fund under the Perpetual Guardian Foundation, focused on your particular area of interest.

Our team of experts can advise you on how to leave a charitable bequest in your Will and other ways of making a difference.

If you would like to find out more about leaving a charitable bequest or establishing a fund, please contact our Philanthropy team: philanthropy@pgtrust.co.nz.

Grants fuel life-changing research

We are proud to administer more than 650 Charitable Trusts and endowment funds on behalf of our clients, many of which have a strong history of supporting research.

In partnership with Cure Kids, funding from three Charitable Trusts we administer has led to a new programme of research inviting some of the country’s most prominent child health researchers and paediatricians to identify evidence-based ways to reduce poverty-related health conditions which affect children.

Research shows that in recent decades, inequalities in child health have increased in New Zealand for reasons which are closely related to poverty. Children from New Zealand’s most deprived communities face multiple risks to their health.

According to Cure Kids, disadvantaged children are four to five times more likely to die before their first birthday from deprivation-related illnesses compared to children in more advantaged environments. They are also four to five times more likely to be hospitalised for an acute respiratory infection, such as pneumonia.

Cure Kids CEO, Frances Benge, acknowledges that “more needs to be done to address the root causes of child poverty in New Zealand but until significant progress is made this funding initiative stimulates effort to tackle many of the adverse health outcomes caused or compounded by deprivation”.

Four multi-year interventional research projects funded by the programme are currently underway.

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Perpetual Guardian is a trading name of The New Zealand Guardian Trust Company Limited and Perpetual Trust Limited. For Authorised Financial Advisers, a disclosure statement is available upon request and free of charge.