You can help tomorrow’s child Tim and Merridie Costello Message from Tim Costello Contents Message from Tim Costello . . . . . . . . . . . . . . . . 1 How your gift can help tomorrow’s child . . . . . . . . . . . . . . . . . . . . . . . . . . 4 How our work transforms children’s lives . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 How your gift will be used . . . . . . . . . . . . . . . . . 6 Working with communities to improve child wellbeing . . . . . . . . . . . . . . . . . 7 Knowledge makes a world of difference . . . . . . . . . . . . . . . . . . . . . . . 9 Suggested wording for your Will . . . . . . . . . 11 Meet our Visionaries . . . . . . . . . . . . . . . . . . . . 13 Frequently asked questions . . . . . . . . . . . . . . . . 15 Say you’ll help tomorrow’s child . . . . . . . . . . 17 Recently my wife Merridie and I made the decision to include a gift to World Vision in our Wills. It was an important decision, but one that was easy to make. That’s because we’ve both had the enormous privilege of seeing firsthand the power of World Vision’s life-changing work in the world’s poorest communities. We’ve seen the joy that learning can bring to a child who’s been deprived of the chance to go to school. And we’ve seen immense pride in the eyes of once struggling parents who have gained the skills to meet their children’s needs. These are experiences we’ll never forget. Including a gift to World Vision in our Wills is a meaningful way for us to pursue our vision for a better world. To know that we’ll be supporting lasting change across the generations fills us with great hope. I invite you to join us. Your gift will indeed make a difference and your kindness will help to unlock the unlimited potential of tomorrow’s child. Tim Costello World Vision Australia Chief Executive 1 2 How your gift can help tomorrow’s child By including a gift for World Vision in your Will, you can make a life-changing difference for tomorrow’s child. from the burden of illness and wasted hours searching for water, so they have more time and energy to focus on learning. Your gift will be used to support World Vision programs both overseas and in Indigenous Australian communities that enable every child to experience life in all its fullness. Or it might support our work to help families improve their incomes through agriculture or small business, so they can save for the future and better provide for their children’s healthcare and education. It will help to provide children living in the world’s poorest places with access to essentials, like healthcare and education, and with opportunities to create a better future for themselves and their communities. For example, your gift may support our work to improve access to clean water, improved sanitation and hygiene education. This helps to free children 3 Today’s gift for tomorrow’s needs As our work changes over time, we ask that you keep the wording in your Will about your gift to World Vision quite general. In this way we can direct your gift towards the children and communities who need our help the most. See pages 11-12 for suggested wording. 4 How our work transforms children’s lives We know that the most effective way to transform children’s lives is to transform the world in which they live – their family, community and local area. Our ultimate goal is for all children to enjoy good health, access education, and be cared for, protected and participating in decisions that affect their lives. Working alongside communities We work closely with communities on long-term, though finite projects. From the beginning we focus on equipping communities to lead their own development. We work with local leaders and a wide range of community groups and organisations in ways that strengthen them so they can ensure child wellbeing long after we leave. None of this work would be possible without the generous, ongoing support of compassionate Australians like you who share our vision for a world where all children thrive. How your gift will be used We will use your gift wisely and cost effectively so that it has the greatest impact for the people we serve. For over 60 years we’ve worked hard to make sure that all resources entrusted to us are managed and accounted for to the highest standards of integrity and transparency. Sponsored children, Tanzania 5 FUNDRAISING OUR WORK 77% For a further outline of how World Vision Australia used funds in 2014, see page 78-93 in our Annual Report. 15.9% ADMINISTRATION 7.1% Our financial statements are externally audited in the same way and to the same standards that apply to Australian companies. This diagram shows how funds received in 2014 were used to support our work around the world. 6 Working with communities to improve child wellbeing Your gift will support our work to empower communities to make long-term improvements to child wellbeing. The work we do with each community is determined by their priorities. Currently, this may include any or all of the following focus areas. Water and sanitation By improving access to clean water, toilets and hygiene education, health improves. Children and women have more time for learning and family care because they don’t have to walk long distances to collect water. Food and environment Economic development When families can sustainably grow enough food to meet their household needs and sell surplus produce for income, they can meet their children’s nutrition needs and cover their healthcare and education costs. By supporting communities to grow small businesses, improve farming methods, and form savings and loans groups, parents are better placed to provide for their children’s needs and save for the future. Health Education By focusing on prevention strategies and access to health and nutrition services for mothers, infants and children, we help to ensure children’s survival and protect them from disease and ill health so they can reach their full potential. By increasing access to education, children gain the knowledge and skills they need to live healthy and productive lives, earn an income in adulthood and contribute to the wellbeing of their families and communities. Disaster risk reduction Child protection By equipping communities to reduce environmental hazards and prepare for disasters, they can better protect lives and livelihoods against events like drought, floods and cyclones and build resilience to unforseen setbacks. When communities are empowered to prevent and respond to child abuse, exploitation and neglect and when children learn how to protect themselves, children can grow up safe and exercise their rights. Beatrice, Kenya 7 8 Knowledge makes a world of difference The story of Huyen and Trinh (pictured) and their mother Chuong shows the difference that gifts like yours can make for children in need. After her husband died from pneumonia, Chuong was forced to work as a hired hand and to beg from her neighbours, just to provide her children with the most basic of meals. But after joining a World Vision-supported nutrition club in her remote Vietnamese community, Chuong was able to turn her family’s desperate situation around. Alongside other mothers and caregivers from her village, Chuong learned about child health and nutrition and received support to improve her rice growing and start raising pigs for income. The breeding sow she nurtured with her new skills produced 11 piglets from her first litter. Chuong was able to sell the piglets and make enough income to feed and clothe her children and cover their school costs. She also had money left over to invest back into her pigraising business. “I am thankful to World Vision for helping me to gain a living and make more food, more health and more education for my children,” Chuong said. Now Huyen and Trinh, both in primary school, can follow their dream of completing their education and becoming teachers in their home village. Gifts like yours will help to equip communities – and parents like Chuong – to create a brighter future for tomorrow’s child. Huyen and Trinh, Vietnam 9 10 Suggested wording for your Will Wills can be complex and there are many ways of including a gift in your Will. We cannot provide you with legal advice, so please make sure you obtain your own independent advice on the most appropriate wording. Here are some examples of wording you might like to consider when you are preparing or amending your Will. 1. If you wish to leave a specific gift A specific gift is a particular amount of money or item(s) of property (for example, a house, shares, artwork, etc). You can direct your specific gift to be used for different purposes. We suggest that you do not describe the purposes in too limited or narrow wording; please consider whether it would be possible or easy for us to fulfil your wishes. Popular purposes (and ones we can easily fulfil) are: for general purposes of World Vision Australia, or for projects funded through our child sponsorship program or equivalent successor program. a) For general support of World Vision Australia For a gift of money: “I give [the sum of $......... or .........%*] of my estate, free of all duties, to World Vision Australia for its general purposes.” 11 Rajvind, India For a gift of property: 2. If you wish to leave a residuary gift “I give [insert description of property], free of all duties, to World Vision Australia for its general purposes.” A residuary gift is one where you give a portion or all of what is left in your estate after specific gifts (for example to family and friends) and taxes and debts are fulfilled. b) To child sponsorship For a gift of money: “I give [the sum of $......... or .........%*] of my estate, free of all duties, to World Vision Australia to be applied towards programs of World Vision Australia which are funded through its child sponsorship or equivalent successor program.” You can direct your residuary gift to be used for different purposes in the same way that you can direct your specific gift (see previous page). For example, you can say your residuary gift will be for general support of World Vision Australia, or to support our child sponsorship program. To achieve this, we advise you to use our suggested wording for a specific gift, but to replace the words “I give the sum of $......... or .........%* of my estate to World Vision Australia” with the following: For a gift of property: “I give the rest and residue of my estate to World Vision Australia...” “I give [insert description of property], free of all duties, to World Vision Australia to be applied towards programs of World Vision Australia which are funded through its child sponsorship or equivalent successor program.” For example: “I give the rest and residue of my estate, free of all duties, to World Vision Australia for its general purposes.” If you would like to leave a gift to continue your existing child sponsorship, it is important that you contact your World Vision Relationship Manager, whose details are included on the welcome letter included in this pack. He or she can advise you on this. If World Vision Australia is not the only residual beneficiary, but one of two or more to share equally, you could use this wording: “I give the rest and residue of my estate, free of all duties, to World Vision Australia and to [insert name of other residual beneficiaries] in equal shares for their general purposes.” Please contact your World Vision Relationship Manager for more detailed information about leaving us a gift in your Will. * Choose either a dollar or percentage amount. 12 Meet our Visionaries By including a gift to World Vision in your Will you’ll become part of a special group of people we call our Visionaries. As a Visionary, you’ll be invited to attend special events during the year where you can gain an insider’s view of our work, meet our development experts and share your passion and stories with like-minded supporters. Here, we profile Visionaries David Gibbs and Hazel Baker, who both have committed to making a life-changing difference for tomorrow’s child. Gift of a lifetime Hazel Baker has been giving the gift of child sponsorship to children in need for 40 years. Today, she’s sponsoring her sixth child and has also included World Vision in her Will. While Hazel understands the need for holistic development, she sees improvements in water as key to creating selfsufficiency in the communities where World Vision works. “One of the things that makes it easier is water. [With] young children, they have to go and walk a couple of miles to get water before they can go to school … I think water is the main item … [People] can’t even grow food without it.” Hazel Baker 13 Hazel says her decision to include World Vision in her Will is because she can see the difference it makes. “… I could see they were helping [people in these] countries,” Hazel says. Her hope for the gift she’s included for World Vision in her Will is that it will “carry on doing the same” for children in need. Giving back As an advertising and marketing executive for many years, David Gibbs’ career has taken him throughout Australia and also to New Zealand and America, as he helped grow his organisation to become one of the biggest out-of-home media companies in these countries. You’ll find these billboards and display advertising in universities, airports, and of course, shopping centres – which is also where he signed up for his first World Vision sponsored child 10 years ago. David’s child sponsorships have had such an impact on him that he’s included World Vision in his Will and as part of his legacy for the future. “I suppose it’s the whole process of putting a Will together … and then thinking about how you want to distribute your funds,” David explains. “There’s a connection having sponsored children or sponsored communities. They form part of an extended family and so you could consider them as part of your legacy … even though you don’t see them on a regular basis, they’re still there.” David Gibbs 14 Why is having a Will so important? Everyone should have a Will. It ensures that the distribution of your assets is carried out in the way you want, and provides for the people and issues you care about. How do I prepare my Will? The most vital part of having a Will is to ensure it’s valid. So it’s a good idea to seek legal advice. Having a solicitor or trustee company assist you in writing your Will can help ensure the required legal processes are followed, in line with your wishes. When writing your Will it’s important that you consider the needs of your family and dependents, and let them know about decisions that affect them – including if you decide to leave a gift to World Vision. How do I leave a gift to World Vision in my Will? Frequently asked questions Leaving a gift to World Vision Australia in your Will is a way that you can make a life-changing difference for tomorrow’s child and realise your vision for a better world. If you include World Vision in your Will, it is important to ensure that the wording is legally correct. You may want to talk to your solicitor or trustee, as well as your local World Vision Relationship Manager. For suggested wording, please refer to pages 11-12 in this guide or visit our website. When is the right time to write a Will? If you do not have a Will, it is advisable to write one as soon as possible. It is also important to update your Will when your circumstances change – for example if you get married, have children or buy property. Do I need assistance to write a Will? We suggest you use the services of a solicitor or trustee company to ensure your Will is legally sound. A solicitor can also advise you on matters such as guardians, asset valuation and power of attorney. How can my gift support child sponsorship if I am no longer here? Contributions made through child sponsorship fund community-based development activities which are designed to bring about long-term sustainable improvements for children, families and their communities. As funds go toward supporting projects rather than just the needs of specific children, a gift in your Will to our child sponsorship program can help World Vision continue this important work with communities in need. Your gift can be directed to child sponsorship programs more generally or to completing the life-cycle of sponsorship for your existing sponsored child and their community. For more information, please contact your local World Vision Relationship Manager. If I include World Vision in my Will do I need to let you know? It is your decision; however by letting us know about your gift you will help us plan better for the future. If you would like to let us know of your decision to include World Vision Australia in your Will, please call 1300 303 440 or email [email protected]. Clean water, Cambodia 15 16 Say you’ll help tomorrow’s child If you are considering leaving a gift to World Vision in your Will, the next step would be to speak to your legal advisor. Together, you could look at either preparing your Will for the first time or making a codicil (an addition or change) to include World Vision in your existing Will. If you would like to speak to someone from World Vision, please see our contact details on the next page. We would love to hear from you. Please let us know about your gift We would also like to know if you have included World Vision in your Will. While an unexpected gift is always a nice surprise, you’ll be helping World Vision even more if you inform us of your intentions. Not only does this help us plan for the future, it allows us to thank you and share with you our longterm plans. Thank you for making a world of difference for children and communities in need. Samuel, Peru 17 If you would like to find out more about leaving a gift to World Vision, or tell us about your decision to include World Vision in your Will, please contact us. •Complete and return the enclosed form in the envelope provided • Call us on 1300 303 440 •Email [email protected] • Or visit worldvision.com.au/bequests Call 1300 303 440 Email [email protected] Visit worldvision.com.au/bequests © 2015 World Vision Australia. World Vision Australia ABN 28 004 778 081 is a Christian relief, development and advocacy organisation dedicated to working with children, families and communities to overcome poverty and injustice. Ref #7318
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