Why is the Nikau Foundation of Interest to Lawyers, Accountants and Financial Advisors? - particularly those involved in trusts and wills:
-
The Nikau Foundation gives an option to your clients for their charitable giving
-
There is no conflict of interest for you as you are not recommending a particular charity but a way of giving.
-
Best practice includes assisting clients to fulfil their charitable aims and aspirations in a cost effective manner.
-
We make it easy for you to establish a fund with the Nikau Foundation on behalf of a client. We have standard application forms to establish a fund and appropriate will provisions for your assistance.
-
Clients who establish a fund with the Nikau Foundation can choose where the gift goes. There is a wide range of charitable purposes for your clients to choose from.
-
Where an intending donor has a particular interest in a certain area, they can use the expertise of Nikau Foundation to provide them with advice on that area and its changing needs.
-
Your client can leave a gift in their will or they can maximise their tax rebates by giving during their lifetime, thereby seeing the benefits of their generosity.
-
Your client can be close to the management and donation of the funds or they can leave it totally to us – it’s their choice.
Suggested Will Clauses
Bequest to The Nikau Foundation General Endowment Fund
I give free of all duties the sum of $ [or the remainder of my estate] to the trustees of the Nikau Foundation (registered charity no.CC24793) to be held in its endowment fund for its general purposes and I declare that the receipt of an authorised officer of the Nikau Foundation shall be a full and sufficient discharge to my trustees without their needing to see to the application of this gift.
Bequest creating a sub-fund $75,000 or over of the Nikau Foundation
I give free of all duties the sum of $ [or the remainder of my estate] to the trustees of the Nikau Foundation (CC24793) to be held in a sub fund to be known as the [ ] to be used or applied by the Foundation Trustees both as to capital and/or income for [charitable purposes to be discussed and agreed in advance with the Nikau Foundation] in such manner and in such amounts as the Foundation trustees shall in their discretion from time to time determine and I declare that the receipt of an authorised officer of the Nikau Foundation shall be a full and sufficient discharge to my trustees without their needing to see to the application of this gift.
Bequest to existing specified sub-fund (any amount)
I give free of all duties the sum of $ [or the remainder of my estate] to the trustees of the Nikau Foundation (CC24793) to be held by them in a sub fund of the Nikau Foundation entitled [ ] which sub fund is designated principally for the purposes of [ ] and I declare that the receipt of an authorised officer of the Nikau Foundation shall be a full and sufficient discharge to my trustees without their needing to see to the application of this gift.
Residue to Nikau Foundation as Substitution Beneficiary
If the above Trusts shall fail I give my residuary estate [or the sum of $ ] to the trustees of the Nikau Foundation (CC24793) for its general purposes and I declare that the receipt of an authorised officer of the Nikau Foundation shall be a full and sufficient discharge to my trustees without their needing to see to the application of this gift.
