What is a Bequest?
A bequest is the provision in either your Will or Living Trust that directs for:
• all of
• a portion of
• a gift from your estate to be passed on to a charitable organisation such as the Churchie Foundation.
This provision can take effect immediately upon death or can be contingent on someone’s spouse or children surviving. If the bequest is provided for in your Will, your gift will be distributed accordingly by your Executor or Trustee.
At Churchie, we consider a bequest to be a longterm commitment between the bequestor and the Churchie Foundation. The relationship is the Foundation’s first and foremost priority, which is why we seek to work with you and your family, as well as your financial and legal advisors, to ensure that the bequest is satisfactory to everyone involved.
David Turbayne Tennis Centre
Why leave a Bequest?
Since Churchie’s foundation in 1912, bequests have had a significant impact on the destiny of our School.
Over the years the endowment fund of bequests has enabled ongoing transformation of the School covering all aspects of building upgrades, state-of-the-art facilities, education programs and life-changing opportunities for individual students.
Whatever the bequest nature, a family’s legacy wish and the spirit of giving-back to Churchie have remained at the forefront of the gift.
One of our most generous bequest legacies has been the David Turbayne Tennis Centre, which opened in 2011. This state-of-the-art tennis facility provides opportunities for Churchie students and our wider community to learn and experience the sport of tennis.
Stanley and May Smith Science Centre
David Turbayne Tennis Centre
Leaving your legacy for future generations
There are many ways you can consider remembering Churchie in your Will. Some of these include:
A Bequest
In your Will you can bequeath to Churchie an asset or a specific sum of money. You can even outline how you see this asset or money being used by the Churchie Foundation. This will establish a permanent legacy for your family name.
Remainder
After you have outlined the specific bequests and entitlements to others in your Will, you can specify that the remainder of your estate (or any proportion of that remainder) be given to the Churchie Foundation.
Alternatives
As it may be some time between the drafting of your Will and its execution, you can specify that if any named beneficiary cannot accept your bequest because of death, or dissolution/merger of that partnership, an alternative beneficiary can be the Churchie Foundation.
Gift
An asset such as a home, parcel of land, antiquity or a paid-up life insurance policy, which you will not need in the future, can be donated to the Churchie Foundation as a tax deductible gift now, without the obligation of paying capital gains tax (which might be due upon sale).
How Churchie made a difference to Old Boy Rex Freudenberg
In his days as a student, little did Rex Freudenberg realise just how much Churchie would have a profound impact on his life for over 50 years. Just before Rex graduated from the School, Headmaster Roberts enquired as to what he was thinking of doing once he finished. At the time Rex wasn’t sure. Headmaster Roberts suggested stockbroking. Rex didn’t have a clue what this was and thought it was something to do with cattle and farming. Luckily for Rex, Headmaster Roberts lined up an interview for him with a stockbroking firm the day after he graduated—10th December 1949 to be precise. The interview
went for 10 minutes and he was asked to stay on. He left Charles Eliot and Sons Stockbroking firm 50 years later when he retired on 30 June 2000. Rex is eternally grateful to Headmaster Roberts and Churchie for what they invested in him. At Churchie he was reasonably good at economics and enjoyed it. Obviously Headmaster Roberts saw something in him and he felt that would be a good fit for his future career. Rex also said he is honoured to be a member of The 1912 Society. ‘Churchie has given me so much. I still have regular lunches with my school mates, all these years later. It’s something I want to give back to.’
Former School Captain, Steven Ting, reflects on why he is leaving a Bequest to Churchie
Steven Ting graduated from Churchie in 1994.
A former School and House Captain, Steven is now a well-respected GP, practising in Brisbane.
Whilst he is a proud Old Boy, as a Churchie parent Steven is actively involved with both philanthropy and volunteering at the School.
As a member of The 1912 Society, Steven said he is very grateful for the influence Churchie has had on him and he now sees his sons enjoying and benefitting from those same experiences. ‘These opportunities were built on the legacy of giving to others. I am now fortunate that I am able to give something back to a place that has given me so much.’
Steven’s parents migrated to Australia and believed in giving and the importance of education to set strong foundations in life for a better future. It is something his family also holds in high regard. ‘We value our ongoing relationship with Churchie. As an Old Boy and as a parent, I know how much of an impact the School plays in the future of our boys.’
For Steven, leaving a bequest is a personal matter. ‘If you are like me and are considering what legacy you would like to leave behind, I encourage you to consider Churchie and supporting the important role it plays in the development of young confident men.’
At Churchie, we value and appreciate the significant personal commitment of bequests and the legacy they provide to the school community and generations of students.
Bequeathing to the Churchie Foundation keeps the Churchie spirit alive, while providing tangible benefits enabling the School to maintain high standards of excellence and to remain at the forefront of educational and administrative innovation.
The 1912 Society has been established to honour and thank those who have confirmed their intention to include Churchie in their Will. We encourage you to talk to your solicitor to discuss your options with your Will. We also encourage you to discuss your intentions with your family.
For Foundation Members, as a token of our appreciation and acknowledgement of your generous bequest to the School, upon joining The 1912 Society you will receive an exclusive and unique gift.
Churchie would like to thank you for your consideration of becoming a member of The 1912 Society.
