National Library of New Zealand
Harvested by the National Library of New Zealand on: May 31 2016 at 8:02:58 GMT
Search boxes and external links may not function. Having trouble viewing this page? Click here
Close Minimize Help
Wayback Machine

Bequests to RY

There are many ways you can support RainbowYOUTH with a gift in your will. This gift can take any form that is your preference and appropriate to your situation.

Types of Bequest

General bequest:
This can mean a monetary amount or a specific item, such as the proceeds of a life insurance policy, stocks and shares, clothing, books, works of art, vehicles, jewelry and even homes.

Wording in your will:

I give (…………………………..) to Rainbow Youth Inc. (Charity Registration #: CC24284) for any purposes they see fit..
I declare that the receipt of the secretary, treasurer or other proper officer of the nominated beneficiary will be a full discharge for my trustees who will not be bound to see its application.

Specific bequest:
This is fairly similar to above, however, you can determine what the bequest goes towards (ie, launching an initiative, supporting a group). For this to work, you need to consult with RainbowYOUTH before making any changes to your will.

Wording in your will:

I give ($…………………………..) to Rainbow Youth Inc. (Charity Registration #: CC24284). for the purpose of________________.
I declare that the receipt of the secretary, treasurer or other proper officer of the nominated beneficiary will be a full discharge for my trustees who will not be bound to see its application.

Residuary bequest:
This means that after all other debts, payments and gifts are settled by your will, you are left with a “residuary estate” and a percentage (or all of it, if you’re feeling generous) of this can be gifted to Rainbow Youth. This is a good choice as it prevents inflation from interfering with how much you wish to gift.

Wording in your will:

I give (……………………..) per cent of the residue of my estate to Rainbow Youth for its general purposes.
I declare that the receipt of the secretary, treasurer or other proper officer of the nominated beneficiary will be a full discharge for my trustees who will not be bound to see its application.

Whole estate bequest:
A bequest that comprises the entire estate usually left by those without dependants, favored beneficiaries, or those wanting to achieve something very special.

Wording in your will:

I give the residue of my estate to Rainbow Youth for its general purposes.
I declare that the receipt of the secretary, treasurer or other proper officer of the nominated beneficiary will be a full discharge for my trustees who will not be bound to see its application.

Any questions, contact us on info@ry.org.nz or 09 376 4155

Before making any changes to your will we would suggest you seek advice from your solicitor.