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Bequest


"If you knew what I know about the power of giving, you would not let a single meal pass without sharing in some way." - Buddha


Financial support has been instrumental in ensuring the success of Australia's first Buddhist K-12 school, by supplying the means to foster the academic, physical, and spiritual growth of our students. With this aid, we can bring to life Mr. Pal's aspiration of creating a distinguished and prestigious Buddhist institution that develops morally upright young leaders an  serving as a model for others to establish esteemed Buddhist schools worldwide.

By choosing to leave a bequest to Pal Buddhist School in your Will, you can actively participate in preserving this significant endeavour and make certain that our one-of-a-kind educational approach reaches future generations of students.


Leave a legacy in your will and help nurture the wholesome moral young leaders of tomorrow.



What is a bequest?

A bequest is a gift specified in your Will that will contribute to the future of the School whilst still enjoying your assets during your lifetime. Gifts to Pal Buddhist School have touched past, present and future students and their families. 

what are the different options of bequests?

Pal Buddhist School offers several options for bequests, including:

  • general purpose
  • specific bequests for tuition and programs in designated faculties,
  • development of sporting facilities or to support sporting activities for students
  • development of creative and performing arts facilities or to support creating activities for students
  • maintenance or replacement of school buildings and grounds
  • provision scholarships for students in our Canley Vale campus, Leppington campus, or for Indigenous students
  • provision of bursaries for students facing financial hardship due to their parents' or guardians' difficult financial circumstances.

While general purpose bequests offer greater flexibility, these options allow donors to direct their contributions towards areas they feel most passionate about.

How do i make a bequest?

It is easy to make a bequest to Pal Buddhist School. You can either:

  1. include the bequest when you write or update your Will, or
  2. simply add one as a simple codicil to your existing Will.
  3. Discuss your ideas and plans for your bequest with our Founding Principal Mr Pal, especially if you prefer to tailor your gift to a particular purpose.
  4. Seek professional advice from a qualified legal adviser to ensure your wishes are recorded in a legally binding manner.
  5. It is also important to talk to your loved ones about your intentions and let them know that leaving a gift to Pal Buddhist School is important to you. This can help to ensure your final wishes are carried out.

We have included some suggested wording below for the consideration of your qualified legal adviser. A simple codicil form is also available to assist you and your qualified legal adviser.

Download Codicil Form

Examples of Bequests

Descriptions of gifts:

  • all of my residuary estate
  • ____ per cent of my residuary estate
  • the sum of $____________
  • the sum of $____________, to be adjusted for inflation by applying the following formula: A=$____________ x B/C where A represents the adjusted amount payable to Pal Buddhist School, B represents the Consumer Price Index All Groups, Weighted Average of Eight Capital Cities (“CPI”) figure published quarterly by the Australian Bureau of Statistics as last published before the date of my death, and C represents the CPI figure last published before the date of my Will. If at the time of my death the CPI is no longer calculated and published on a quarterly basis, then I direct my executor(s) to adjust the amount of $____________ for inflation using such other statistical measure as is chosen by my executor(s) in their absolute discretion.
  • all my share and interest in the property situated at [property address]
  • all my shares in publicly listed companies
  • all my shares in [XYZ] Pty Limited
  • my artwork known as [title] by [artist]
  • [List asset or assets]

Descriptions of purpose:

  • general purpose
  • specific bequests for tuition and programs in designated faculties,
  • development of sporting facilities or to support sporting activities for students
  • development of creative and performing arts facilities or to support creating activities for students
  • maintenance or replacement of school buildings and grounds
  • provision scholarships for students in our Canley Vale campus, Leppington campus, or for Indigenous students
  • provision of bursaries for students facing financial hardship due to their parents' or guardians' difficult financial circumstances.

What If i already have a will?

If you already have a Will, it is relatively straightforward to include a gift in your Will to Pal Buddhist School. To do so, you may wish to complete the Codicil Form below.

You will need to have your signature on the completed Codicil Form witnessed by two people at the same time and all three of you must use the same pen. The two witnesses should NOT be members of your family or related to you in any way. They also should not be persons mentioned in your Will, such as a beneficiary or executor. Once completed and signed, provide the original signed Codicil to the person who currently has your Will and ask them to retain it with your Will. If you have retained your Will, include the signed Codicil in the same envelope as your Will. We recommend you seek professional advice from a qualified legal adviser to ensure your wishes are recorded in a legally binding manner and that this Codicil Form is appropriate for your circumstances.

Download Codicil Form
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