BEQUEST INFORMATON

 

Leaving a gift in your will

To continue the traditions of Lord Somers Camp and Power House and to build the base for future achievements and excellence, we look to our community for significant support in this endeavour.

Leaving a gift to Power House Youth Leadership Foundation in your will is an effective way to make an impact and may also allow you to make the type of gift you may not be able to make during your lifetime. Remembering the Foundation in your will is a wonderful way to celebrate your life’s passions, honour your memory, perpetuate your ideals and serve generations to come.  It allows you to enjoy the rewards of your hard work in life, while ensuring long-term support for the causes that you believe in. Your gift, big or small, will make a difference.

If you would like to share your intentions to remember us in your will, we would be delighted to keep in contact with you to recognise your generosity and keep you updated about our activities and plans for the future. But you don’t need to tell us, we know it’s private.

Supporters who have committed to remember the Foundation in their will become members of the Tullum Creek Society. [link to Tullum Creek Society page or heading]

 

How will my gift be managed?

Your gift will grow the corpus of our endowment fund. Funds in the endowment:

·         are invested to achieve long-term growth

·         contribute a percentage of the interest earned annually (?? per cent in 2014) to support the programs, projects and initiatives of Lord Somers Camp and Power House

·         remain in perpetuity as the remainder of the interest is reinvested to ensure capital growth

·         are never used for administration costs

In this way your gift will continue into the future to support generations of Lord Somers Camp participants.

 

How to include the Foundation in your Will

All bequests should be left to the Power House Youth Leadership Foundation, ideally, for use at its own discretion. A bequest can be either named or made anonymously.

Bequests can be made in a variety of ways to reflect your particular wishes. Bequests can also be made in support of specific areas of the Lord Somers Camp and Power House initiatives, such as bursaries, scholarships, building projects or other areas of specific interest.

Should you wish to provide a bequest to the Power House Youth Leadership Foundation it can be undertaken either through inclusion in your will [link] or as a codicil to your existing will.[link

 

Tullum Creek Society

The Tullum Creek Society is our way of thanking and acknowledging our supporters who have pledged to remember the Power House Youth Leadershp Foundation in their Will.

This generous group of benefactors includes a growing number of like-minded alumni and friends who wish to strengthen Lord Somers Camp and Power House into the future.

 

Wording of bequest

This wording is intended for use by persons who wish to include a bequest to the Powerhouse Youth Leadership Foundation in their will. Please discuss this with your solicitor. We will always advise domors to seek independent legal and financial advice to ensure the best outcome for all parties

 

I give and bequeath, free of all duties, taxes or deductions, the sum of $_____ (or percentage of estate) to the Power House Youth Leadership Foundation for its general purposes.

 

I direct that a receipt from the Power House Youth Leadership Foundation shall be sufficient discharge to my Executor/s for this bequest.

 

The will must be signed in the presence of two witnesses who must also sign in the presence of each other.

 

Wording for a codicil

A codicil is an amendment to your existing will and becomes part of your will.

This wording is intended for use by persons who wish to include a bequest to the Powerhouse Youth Leadership Foundation in their will via a codicil. Please discuss this with your solicitor. We will always advise donors to seek independent legal and financial advice to ensure the best outcome for all parties

 

Codicil of _______________________________________ (name and address).

 

This Codicil is dated _____ (day) of ______________ (month) _________ (year).

 

I confirm my last will dated _______ (day) of ____________ (month) ______ (year) in all respects expect that I add to the following clause:

 

I give and bequeath, free of all duties, taxes and deductions the sum of $______ (or percentage of estate) to the Powerhouse Youth Leadership Foundation for its general purposes.

 

I direct that a receipt from the Power House Youth Leadership Foundation shall be sufficient discharge to my Executor/s for this bequest.

 

This codicil must be signed in the presence of two witnesses who must also sign in the presence of each other.