Bequest

By leaving a gift in your Will, you can eradicate blindness from the lives of sufferers and their carers.

Giving to The Layton Vision Foundation Ltd (the Foundation) in your Will is no small act. Leaving a

legacy to the Foundation is one of the most powerful ways you can make an impact today, tomorrow,

and far into the future. Large or small, every gift to the Foundation is a step toward curing blindness.

A decision made many years ago by generous supporters of the Foundation is transforming the lives

of many across the globe. This was done by supporting the research that The Layton Vision

Foundation does with a gift in their Will, otherwise known as a bequest, which we hope you will also

consider. Your gift to the Foundation can help to build a better future through the development of a cure.

Different types of Bequests

MAKING A GIFT TO THE LAYTON VISION FOUNDATION

You can make a gift to the Layton Vision Foundation Ltd as follows, or alternatively, allowing the

foundation place your gift to its absolute best use.

  1. By leaving the entirety of your estate to the Foundation.
  2. By leaving a proportion of your estate to the Foundation.
  3. By leaving a proportion of the residue of your estate to the Foundation (that is, the amount remaining specific and general gifts have been distributed).
  4. By leaving a particular sum of money, property or other items.
  5. By gifting property to another beneficiary for their use during their life, with the remainder to

pass to the Foundation. For example, gifting a spouse a life interest in the matrimonial home

with the remainder to pass to the Foundation which means that the house would become

the property of the Foundation upon the passing of the spouse.

SAMPLE BEQUEST CLAUSES

You can make a bequest to The Layton Vision Foundation Ltd by using the sample bequest clauses

set out below. Having a valid Will means your estate can be distributed according to your wishes. The

Layton Vision Foundation Ltd is obliged, in accordance with Queensland legislation, to direct bequests as

closely as possible towards the wishes expressed by the benefactor in their Will.

The Layton Vision Foundation Ltd strongly recommends that you consult with your financial and legal

advisers for advice about drafting your Will, to ensure its legal validity.

General Purpose Clause

The general purpose clause gives an unrestricted gift to The Layton Vision Foundation Ltd to use for

its general purposes.

“I give [the entirety of my estate] or [___% of my estate] or [specified assets] or [the rest and residue

of my estate] or [the sum of $_______] to The Layton Vision Foundation Ltd ABN 48 610 760 604

care of [Level 3, 520 Wickham St, Fortitude Valley Brisbane QLD 4006 Australia]

(Layton Vision Foundation), to be used by it in pursuit of its objectives, provided

that if the Layton Vision Foundation has at the time of my death, ceased to exist or merged with any

other organisation, then this bequest shall not fail, but shall be directed to the organisation or

company which, in my Executor’s opinion, most nearly represents the Layton Vision Foundation. I

direct that the receipt of the Treasurer or other duly authorised officer shall by a sufficient discharge to

my Executor.”

Specific Purpose Clause

A specific purpose clause allows The Layton Vision Foundation Ltd a degree of flexibility in applying

the bequest to the stated purpose.

“I give [the entirety of my estate] or [____% of my estate] or [specified assets] or [the rest and residue

of my estate] or [the sum of $_____] to The Layton Vision Foundation ABN 48 610 760 604 care of

[Level 3, 520 Wickham St, Fortitude Valley Brisbane QLD 4006 Australia] (Layton Vision Foundation) for the

general purposes of the Layton Vision Foundation.

It is my express wish that, if practicable and without creating any binding trust, this gift be applied

towards [state purposes as broadly as possible]. I direct that the receipt of the Treasurer or other duly

authorised officer shall by a sufficient discharge to my Executor.”

Directed Purpose Clause

A directed purpose clause specifies that The Layton Vision Foundation Ltd may only apply the funds

to the stated purpose.

“I give [the entirety of my estate] or [___% of my estate] or [specified assets] or [the rest and residue

of my estate] or [the sum of $______] to The Layton Vision Foundation ABN 48 610 760 604 care of

[Level 3, 520 Wickham St, Fortitude Valley Brisbane QLD 4006 Australia] (Layton Vision Foundation) for the

purposes of [state purposes as broadly as possible].

I direct that the receipt of the Treasurer or other duly authorised officer shall by a sufficient discharge

to my Executor.”

EXAMPLE BEQUEST CLAUSE

“I give $### to The Layton Vision Foundation Ltd ABN 48 610 760 604 care of [Level 3, 520 Wickham

St, Fortitude Valley Brisbane QLD 4006 Australia] (Layton Vision Foundation), to be used by it in pursuit of

its objectives, provided that if Layton Vision Foundation has at the time of my death, ceased to exist or

merged with any other organisation, then this bequest shall not fail, but shall be directed to the organisation

or company which, in my Executor’s opinion, most nearly represents the Layton Vision Foundation. I direct

that the receipt of the Treasurer or other duly authorised officer shall by a sufficient discharge to my

Executor.”