Frequently Asked Questions
Do I need to advise Charles Sturt University that I have included them in my Will?
We are incredibly grateful to everyone who chooses to support the future of Charles Sturt University with a gift in their will. Advising our office of your intention does not make it a legally binding commitment, rather a courtesy in order that the University knows it can expect the future donation. We would also like the opportunity to express our appreciation and acknowledgement of your gift during your lifetime.
How Will my bequest funds be managed?
Your bequest funds will be added to an endowment investment portfolio, administered by the Charles Sturt University Foundation Trust. The funds are maintained in a manner that preserves the capital sum to ensure perpetuity and an enduring distribution for the purpose for which the capital was intended. The Foundation makes an annual distribution available from income equivalent to 6% of the capital sum. The capital sum is preserved for an initial period of 15 years at which time the capital is reviewed. If the capital is still viable, another 15 year period shall commence. If it is determined the capital is no longer viable, then you or your nominee will be contacted and the scholarship offering shall either be revised, or an option for fundraising may be suggested in order to maintain perpetuity.
What is Charles Sturt University Foundation's charitable status?
Charles Sturt University Foundation Trust is a Deductible Gift Recipient 2 (DGR 2) organisation which has been endorsed by the Australian Taxation Office. This means that donations to the Foundation of $2.00 or more are tax deductible for anyone subject to Australian tax law. For those who will be donating from outside of Australia, we recommend that you speak with your legal advisor for more information.
Can I contribute something now?
Many of our bequesters choose to start their legacy within their lifetime in order that they can enjoy seeing for themselves the impact their donations has on a students life. Their decision to become an active donor in addition to leaving a bequest is driven by their strong philanthropic belief in the power of education and the wish to assist students to meet their educational goals. Some donors have provided annual scholarships which gives them an opportunity to be involved in the awarding process and ability to meet their recipients at our annual award ceremonies, while others prefer to make donations to the University without wanting to become involved in ongoing University activities.
Rest assured that all bequest information is treated in absolute confidence and is not legally binding in any way.