State Library of South Australia

Bequests

A bequest is a truly beneficial way to support the Library's journey for future generations.

There is a strong community tradition of donating material to the State Library. Most of the Library's letters, diaries, photographs, menus, wine labels, toys and games were donated by people who wished to see their precious items preserved for future generations to use and enjoy.

Gifts and bequests are a way of giving back to the community. For gifts of significant cultural items the Cultural Gifts Program offers donors a tax deduction for the market value of their gifts.

Types of bequests

  • Residual: part of or all of your Estate after you have specified gifts for family or friends. This means your bequest will keep its value regardless of inflation, and that the gift you wish to make today is worth as much as when it is received by the State Library.
  • A percentage of your total estate.
  • Specified as including assets such as shares, bonds or property (View information about CGT and transfer of bequeathed assets from the Australian Taxation Office)
  • A specified sum of money for the State Library.

The State Library of South Australia can also be named as a beneficiary in a life insurance or superannuation policy.

You may choose to designate your bequest for general purpose and funds will be allocated to priorities at the time. We recommend you seek independent legal advice when making or updating your Will.

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Page last updated: 12:05 PM 9 May 2017

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