Bequest Program

Nudgee College Foundation
Bequest Program … a gift in your will
Board Message … Spirit of purpose

Since 1891 the St Joseph's Nudgee College community has thanked the pioneering spirit of the custodians of the College, the Christian Brothers, who laid the first foundation for this magnificent 136-hectare campus.

The facilities our boys enjoy today have been built and maintained through the generosity of past families and the College community, who saw the potential for every boy to achieve through the diversity of a quality education in the environment offered by Nudgee College.

The Nudgee College Foundation was established in 1984 and is the primary fundraising body for the College. The Foundation seeks ongoing support from the Nudgee College community to provide world class facilities in pursuit of academic excellence as well as provide opportunities for young men to benefit from a quality education that may otherwise be denied them for reasons of equity.

One way you can help us to achieve this goal is by remembering the Nudgee College Foundation in your will. It is an option you may not have considered until now.

This brochure is designed to help you plan your Will. It also includes details on how you can use your will to make a meaningful gift to the Nudgee College Foundation after your family obligations have been met.

A bequest to the Foundation is a wonderful and long lasting gift. It helps secure the ongoing evolution of the College through new and improved facilities which enhance the development of its students into fine young men and tomorrow’s leaders.
 

Bequest Program … a gift in your Will

Through its Bequest Program, the Nudgee College Foundation seeks to  ensure the wonderful facilities our boys enjoy today are well maintained, improved and expanded upon as well as provide educational pathways for young men who may not otherwise have the opportunity to benefit from a quality education in the environment offered by Nudgee College

The Nudgee College Foundation acts as trustee for the following funds:-

  • Nudgee College Building Fund - provides funding for the structural alteration and improvement to existing buildings and the provision for new buildings.
  • The Jack Ross Bursary Fund - provides fee relief to new students entering Years 8 - 11 only, who may not otherwise benefit from a Nudgee College education due to reasons of equity.
  • St Joseph's Nudgee College Indigenous Bursary Fund - provides fee relief to Aboriginal and Torres Strait Islander Australians, who may not otherwise benefit from a Nudgee College education due to reasons of equity. 

A Testator may wish to assist one of the three trust Funds, allocate a percentage across two or more, or make a bequest in general terms which provides some discretion to allow the gift to be applied where it will be of most benefit.
 

Types of Bequests

Gifts may be made to the Foundation in several forms and here are some options if you decide to leave a bequest to the Nudgee College Foundation, after making provision for those that you love.

  1. You can give a specific amount of money, although this does not allow for changes in your circumstances or inflation
  2. Your gift can take effect after the death of your spouse. In this way, your spouse retains your estate for life.
  3. You can leave your entire estate or any percentage you choose. Thus if your estate grows or is depleted by inflation or unforeseen circumstances, those you care about will not be disadvantaged.
  4. If you wish, you can leave the whole or part of the residue of your estate after personal beneficiaries have been considered.
  5. Particular items such as shares, paintings, property can be left to the Foundation.
  6. If you wish, you can make a bequest to the Foundation through a Perpetual Trust that will provide ongoing financial support.
     

Always seek professional legal assistance when preparing your Will. If you do not have a family solicitor who assists you on a regular basis the Nudgee College Foundation has established helplines with lawyers and accountants whereby assistance can be obtained at concessional rates.
 

How to make a bequest

If you would like to make a bequest to the Nudgee College Foundation from your estate, it must be done through a Will or a codicil to your existing Will.

A copy of our suggested wording for a bequest to the Nudgee College Foundation can be obtained from the Nudgee College Foundation office or made in conjunction with your legal representative.

Should your circumstances require a more specific bequest clause or if you would like to discuss the wording of your bequest please do not hesitate to contact the Nudgee College Foundation office by phoning (07) 3865 0550 and we will put you in contact with a practising solicitor specialising in the areas of Wills, Probate and Estate Administration.

Any information given to us, and any matters relating to including the Nudgee College Foundation in your Will, will be treated in the strictest confidence.

Taxation Information

The Nudgee College Foundation has been endorsed by the Australian taxation Office as a deductible Gift Recipient. This means that donations made to the Foundation during a benefactor’s lifetime are tax deductible.

Bequests made under a will are generally not tax deductible but involve other benefits.