Australian couple donates estate to charity, part of a trend seeing 17% considering similar gifts.

Ian Wood, 83, and his wife Nancy, 82, from South Australia, are part of a growing trend among older Australians to leave a significant portion of their estates to charity in their wills. The couple plans to donate to causes like blindness charities and dementia research, reflecting a broader shift where 17% of Australians are considering such gifts, and 13% have already named charities. These bequests account for almost 20% of charitable fundraising, with contributions expected to reach $3.5 billion by 2050.

November 24, 2024
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