Monday, June 04, 2018

Calling ex students of the Armidale Teacher's College and Armidale College of Advanced Education - can you support the New England Regional Art Museum?

Mary Edwards, The Orchid 1935, Hinton Collection, New England regional Art Museum. 
Many students who went to the Armidale Teacher's College or the Armidale College of Advanced Education will remember the paintings from the Howard Hinton Collection that graced the College walls. Those paintings now form part of the New England Regional Art Museum (NERAM) collection along with the Coventry Collection plus other bequests. 

NERAM now needs your help to maintain and extend both the collections and its extension activities through the region and beyond via a bequest program. Bequests can include donations of funds, artworks, property, assets or shares and can be made through wills, estates and deeds of gift..
Why you should give

“Many of the great art museums of the world have been built around the foresight of people who have made significant donations, bequests or endowments to ensure the artworks, programs and buildings that they love are looked after properly well into the future,” said Robert Heather, Art Museum Director.

“The New England Regional Art Museum was founded around one of the most significant acts of philanthropy in Australian art history, the generous gift of over 1000 artworks to the Armidale Teachers’ College by Howard Hinton.”

“Acts like this create a lasting legacy and are a tribute to the donor who gives them,” he said.  “The New England Regional Art Museum has been treasured by the many people in our community who have generously supported it over the years and we invite them to consider planning ahead to make a bequest to support the art museum after their lifetime.”

“The future sustainability of NERAM will depend upon the passion and commitment of those people who make a gift or bequest in their will,” he said. “We believe that anyone can make a bequest that makes a lasting difference for NERAM and the wider community.”

For those in the immediate region

Locally, NERAM is teaming up with local solicitors and accountants to assist people to plan ahead by attending an information seminar on Planning your Estate and Bequest at NERAM at 10.00am on the morning of Thursday 14 June 2018.T he seminar is open to anyone who wants to learn more about estate planning and bequests in general with some further information about how to specifically make a bequest to NERAM.

Tax expert Paul Williams from NERAM sponsor Roberts & Morrow Chartered Accountants will be making a presentation at the seminar about the potential tax issues involved in planning your estate.

“The taxation implications of gifts of this nature are complicated and often overlooked,” he said. “Understanding the taxation consequences of the various options can assist donors in maximizing the effectiveness of the gift for themselves and the beneficiaries of their estate.”

Solicitor Chris Serow, Principal at NERAM sponsor Legal Minds law firm in Armidale will be discussing some of the legal problems that can befall those who don’t plan properly.

“Many people aren’t aware of some of the legal pitfalls that have the potential to make it difficult for their wishes to be met,” said Mr Serow. “These can include challenges to the will, incorrect wording and other issues which can be addressed through proper planning and communication with all parties.”

“One of the key issues for anyone thinking about making a bequest is make sure that they talk to the proposed recipient and everyone else involved as early as possible ensure that their wishes are fully realised,” he said. “That includes the team here at NERAM who want to make this potentially difficult conversation as easy as possible for all concerned.”

For those beyond the immediate region

 If you would like to make a bequest or an immediate donation, you should contact NERAM via their website. NERAM will provide you with information and put you in touch with local experts who can assist you. Alternatively,. you can seek advice from your own professional advisers.  

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