Bequests are playing an increasingly important role in securing the future of arts institutions. As a not-for-profit organisation, the MCA relies on the generosity of individuals to ensure the success of its exhibition and learning programs. Your gift can also assist the Museum to build, preserve and present our collection of work by Australian artists for future generations to enjoy.
MAKING A BEQUEST
Outlined below are some of the types of bequests you may wish to consider.
- General bequests are usually sums of money or percentages of the value of your estate made to a particular person or organisation, such as the Museum of Contemporary Art Australia.
- Specific bequests are gifts of particular pieces of property.
- Residual bequests are the remainder of your estate after the general and specific bequests have been paid. For instance, you may leave bequests to your family and friends and state in your will that the residual bequest (the residue of your estate) be made to an organisation.
- If you have already made a will but wish to modify it to benefit the MCA, a codicil allows you to alter some of the terms of the original will without having to change the entire document. The most useful type of bequest is one intended for the general purposes of the MCA as it permits the Museum to direct your gift to wherever it is most needed at the time, and therefore provide the most benefit. However, if you would prefer your bequest to be directed towards a particular area of interest such as learning programs or exhibitions, we would be delighted to discuss the options with you.
WORKS OF ART
If you are considering bequeathing a work of art to the Museum, please contact the curatorial department. The Philanthropy Manager can put you in touch with the appropriate person.
If you have any questions about Bequests, please contact Lisa Hamilton, Philanthropy Manager, on 02 9245 2414 or email@example.com