Whether you are thinking about writing your Will, or are looking to update it, we are here to help you.
A gift in your Will is one of the most inspiring ways to leave a lasting legacy for a healthier future. Your gift will help the Baker Institute discover new cures and treatments to overcome heart disease and diabetes for generations to come.
A gift in a Will, also known as a bequest or legacy, is a donation to charity given through a Will or other estate planning. It is a wonderful way to demonstrate your compassion for a cause you care about.
Together, we can overcome heart disease and diabetes, so others do not have to suffer.
Video: Professor John Greenwood discussing gifts in Wills (53sec)
Your gift in Will guide
Everything you need to know about leaving a gift in your Will to the Baker Institute
Download our free Will guide. If you would like us to send you a hard copy version, please use the contact form below.
Heart disease is still a leading cause of death for people in Australia, and diabetes is the fastest-growing chronic condition in the country.
Your gift today will enable us to look to the future and push the boundaries of what is possible - empowering us to fund groundbreaking research to prevent, treat, and cure heart disease and diabetes, so others do not have to suffer.
Would you like to receive a free gift in Will guide?
At the Baker Institute, we respect that the decision to leave a gift in your Will is unique and a very personal decision. That is why we have developed a free Will guide to share more information to help you consider this decision at your own pace.
Our gift in Will guide includes information on making or updating your Will and how your gift will help fund groundbreaking research to prevent, treat, and cure heart disease and diabetes long into the future.
We recommend seeking legal advice when creating or updating your Will. Prepare as many details of your finances as possible before seeing your solicitor. It may also help to sit down with your family beforehand to consider how much you would like to give as a gift. That way you can also ensure you have provided for your loved ones and discussed your wishes.
If you would like to know more, download our free Will guide or reach out by calling 1800 827 040 or emailing giftsinwills@baker.edu.au.
A residuary gift is the most effective and popular way to leave a gift in your Will to the Baker Institute. It is the remainder of your estate after you have made provisions for your loved ones. A residuary gift also keeps up with changes in the value of your estate, maintaining its value over time. This means the gift will achieve as much in the future as its value now.
A percentage of your estate is the nominated portion or fixed percentage of your estate to the Baker Institute. A percentage gift also keeps up with changes in the value of your estate.
A pecuniary gift is a specific amount of money left for the Baker Heart and Diabetes Institute.
By remembering the Baker Institute in your Will, you can help our researchers discover new cures and treatments to overcome heart disease and diabetes so others do not have to suffer.
There are several ways you could consider using a gift in your Will to support the Baker Institute’s work. To ensure your intentions are fulfilled, it is important to word your Will appropriately.
The most common Will wording is below and ensures your wishes can be carried out.
Should you wish to direct your gift to a different area, please contact us.
Heart and Diabetes Research
A gift to research at the Baker Heart and Diabetes Institute will help our world-class researchers discover new cures and treatments to overcome heart disease and diabetes.
“I bequeath [ ___ percent of my residual Estate / the sum of $ ______ (choose one alternative)] to the Baker Heart and Diabetes Institute, 75 Commercial Rd, Melbourne VIC 3004, to be used for the purposes of research at, or connected with, the Baker Heart and Diabetes Institute and I declare that the receipt of the secretary, trustee or other officer of the Baker Heart and Diabetes Institute is sufficient release for the executors of the Estate without seeing to the final distribution of the funds.”
Heart and Diabetes Research Endowment Fund
The Heart and Diabetes Research Endowment Fund investment generates a perpetual stream of income to help support research projects, specialised research technologies, recruitment of leading researchers, and organisational priority needs. This election is only available for gifts of $1m or more.
“I bequeath [ ___ percent of my residual Estate / the sum of $ ______ (choose one alternative)] as an endowment to the Baker Heart and Diabetes Institute, 75 Commercial Rd, Melbourne VIC 3004, to be held upon trust and I direct the Baker Heart and Diabetes Institute, to make income distributions for the purposes of ongoing research activities at, or connected with, the Baker Heart and Diabetes Institute and I declare that the receipt of the secretary, trustee or other officer of the Baker Heart and Diabetes Institute is sufficient release for the executors of the Estate without seeing to the final distribution of the funds.”
Priority needs
This type of bequest means your gift may be used for high priority needs of the Baker Heart and Diabetes Institute, which may include research projects, key recruitment, capital items, or equipment purchases.
“I bequeath [ ___ percent of my residual Estate / the sum of $ ______ (choose one alternative)] to the Baker Heart and Diabetes Institute, 75 Commercial Rd, Melbourne VIC 3004, to be used for any high priority needs of, or connected with, the Baker Heart and Diabetes Institute and I further declare that the receipt of the secretary, trustee or other officer of the Baker Heart and Diabetes Institute is sufficient release for the executors of the Estate without seeing to the final distribution of the funds.”
If you decide to leave a gift in your Will to the Baker Institute, it is important to let us know so we can plan for the future. We would also like to take the opportunity during your lifetime, to thank you for your compassion and commitment to a healthier future for Australians.
Please let us know by emailing a copy of your Will to giftsinwills@baker.edu.au or by completing the form below.
Your privacy will be fully respected, and any information you provide will remain strictly confidential.
Information for solicitors
How to stipulate your gift details
Organisation Legal Name: Baker Heart and Diabetes Institute
A gift to research at the Baker Heart and Diabetes Institute will help our world-class researchers discover new cures and treatments to overcome heart disease and diabetes.
“I bequeath [ ___ percent of my residual Estate / the sum of $ ______ (choose one alternative)] to the Baker Heart and Diabetes Institute, 75 Commercial Rd, Melbourne VIC 3004, to be used for the purposes of research at, or connected with, the Baker Heart and Diabetes Institute and I declare that the receipt of the secretary, trustee or other officer of the Baker Heart and Diabetes Institute is sufficient release for the executors of the Estate without seeing to the final distribution of the funds.”
Heart and Diabetes Research Endowment Fund
The Heart and Diabetes Research Endowment Fund investment generates a perpetual stream of income to help support research projects, specialised research technologies, recruitment of leading researchers, and organisational priority needs. This election is only available for gifts of $1m or more.
“I bequeath [ ___ percent of my residual Estate / the sum of $ ______ (choose one alternative)] as an endowment to the Baker Heart and Diabetes Institute, 75 Commercial Rd, Melbourne VIC 3004, to be held upon trust and I direct the Baker Heart and Diabetes Institute, to make income distributions for the purposes of ongoing research activities at, or connected with, the Baker Heart and Diabetes Institute and I declare that the receipt of the secretary, trustee or other officer of the Baker Heart and Diabetes Institute is sufficient release for the executors of the Estate without seeing to the final distribution of the funds.”
Priority needs
This type of bequest means your gift may be used for high priority needs of the Baker Heart and Diabetes Institute, which may include research projects, key recruitment, capital items, or equipment purchases.
“I bequeath [ ___ percent of my residual Estate / the sum of $ ______ (choose one alternative)] to the Baker Heart and Diabetes Institute, 75 Commercial Rd, Melbourne VIC 3004, to be used for any high priority needs of, or connected with, the Baker Heart and Diabetes Institute and I further declare that the receipt of the secretary, trustee or other officer of the Baker Heart and Diabetes Institute is sufficient release for the executors of the Estate without seeing to the final distribution of the funds.”
