You have the power to make wishes come true well beyond your lifetime. By including a gift to Make-A-Wish Hong Kong in your legacy planning, you help ensure that we can continue to give hope, strength and joy to future generations of children with critical illnesses. A planned gift is also a way to achieve your financial goals and create a legacy that will impact Wish Children for years to come.

Choose the type of gift you want to give:

  • Residuary Legacies: You can donate part of the residue of your estate, or a percentage thereof, to Make-A-Wish Hong Kong after your other gifts to family and friends, tax and debt obligations have been fulfilled.
  • Pecuniary Legacies: You can designate a specific cash amount to be donated to a beneficiary e.g. “HK$8,000 to Make-A-Wish Hong Kong”.
  • Bequest: You can donate a specific non-cash item in the form of stocks or shares, real estate properties or other valuables e.g. you may wish to leave Make-A-Wish Hong Kong 20% of your stocks.
  • Life Insurance: You can name Make-A-Wish Hong Kong as the beneficiary of your life insurance policy and distribute a certain proportion (at least 1%) of the sum insured.

We are partnering with Forevergift on will writing and LUA Foundation on policy giving, to provide comprehensive planning on how you can make a gift in your will or life insurance.

Gift in Your Will

In as little as one sentence, you can complete your gift.

This type of donation to Make-A-Wish in your will helps ensure that we continue our mission for years to come, as well as plan your family legacy. We have partnered with Forevergift HK, a legacy giving platform, to offer a simple way to create your will.

By donating a one-off $2,000 donation to Make-A-Wish Hong Kong and deciding to include at least $8,000 of your legacy will be donated to non-profit organisations, you are eligible for a free will-writing and endorsement service offered by Forevergift.

I’d like to leave a gift for a Wish Children

Legacy of Wishes Circle

Life Insurance

1% of 1 Policy, Empowers More Than 1 Wish

You can simply give 1% of the amount of your life insurance coverage by adding Make-A-Wish Hong Kong one of the policy beneficiaries.

The LUA Foundation has provided a 3-step approach to update your beneficiary designation in your life insurance:

Alternatively, you can directly contact your financial advisor on adding Make-A-Wish Hong Kong as a beneficiary of your life insurance policy:
Company Registered Name: 願望成真基金有限公司 Make-A-Wish Foundation of Hong Kong Limited
Register Number: 0641950

There are 6 key benefits of policy giving:

Wise Use of Insurance Coverage
As your family responsibility gets lessended, your accumulated coverage amount captures more than you need, allowing you to share youir financial resources.

 

Insurance Leverage
With a lower insurance premium, you can choose a more stable insurance coverage amount for donation.

 

A Generous Act
To execute the donor’s will is the best way to teach  by example.

Cashflow Maintenance
Even you donate a huge amount, there is no impact to your cash flow.

 

Risk Free
According to the law, policy insured in Hong Kong will still be valid, safeguarding the legal rights of the beneficiaries.

 

Simple Procedures
Change of beneficiaries is standard practice, no pre-approval is required to apply for a policy donation.

“Policy Donation Scheme” is supported by the Life Underwriters Association of Hong Kong Ltd (LUAHK) and LUA Foundation, to facilitate policyholders to donate a certain amount of the policy amount to charities by amending the policyholders’ beneficiaries.

FAQ

Legacy Donation

How long is the process?

Around 4-5 months.

Apart from donating to charities, can I include the inheritance gift to my family and relatives?

Yes, it’s all up to you. You may refer to the following examples:

Example 1:

🏠 All property ➜ Spouse (backup: sister)
💰 90% Residuary Legacies➜ Spouse (backup: sister)
💰 10% Residuary Legacies ➜ Your choice of Charity

Example 2:

🏠 All property  ➜ Spouse (backup: sister)
💵 Cash Legacy HKD 100,000 ➜ Your choice of Charity
🏦 All Bank Accounts ➜ Spouse (backup: sister)
💰 100% Residuary Legacies ➜ Spouse (backup: sister)

Example 3:

💰 50% Assets ➜ Charity A
💰 50%  Assets ➜ Charity B

Can I change my will after it’s endorsed?

You can write a new will to replace the old will. If you include any legacy gifts to charities, Forevergift is able to write a new will and endorse the new will, with a fee.

If you wish to plan a gift, what is the minimum amount?

At least HK$10,000, as follows:

  1. An Immediate one-off living trust of at least HK$2,000 to a charity, and
  2. Giving at least HK$8,000 in your legacy gift

By fulfilling the 2 criteria, Forevergift can arrange a pro bono lawyer to write and endorse your will.

Do I need to find any witness?

No. When you sign the will at the law firm, the law firm will arrange the witnesses.

Information provided by Forevergift

Policy Donation

What is the eligibility of the Policy Donation scheme?

For any policyholder holding a valid life insurance policy under the Insurance Ordinance (Cap. 41), he/she is eligible to join the scheme by voluntarily adding a charity or more as their policy beneficiary, during the valid period of the policy.

If I changed the designated beneficiary to a charity, how would that impact the original listed beneficiaries?

Policy Giving aims to provide an opportunity for policyholders to leave a legacy for the broader society, therefore it might lead to a small percentage change in the coverage for the original beneficiaries. We recommend giving 1-5% of the original coverage to charity. Every donation helps.

How will charities receive this donation?

After the approval of the Letter of Wish in Change of Policy Beneficiary, the charity will be officially one of the designated beneficiaries of the stated life insurance policy. Since all life insurance has legal force, when the death certificate and related documents are confirmed, the insurance company will be able to donate the designated policy amount to the designated beneficiaries, including charities.

What is a “PDP Letter of Wish”?

To advocate for Policy Donation, we encourage all Lifecare Ambassadors to connect with all policy donors. Once the change of designated beneficiary is updated, we encourage donors to fill in the “PDP Letter for Wish” for the following 2 reasons:

  1. Policy Donation can impact Charities’ income for 30-50 years in the future. It is hoped that after consolidating all donations, the LUA foundation can release the latest statistics to the general public and charities, to provide better planning in the future, as well as sustainable planning giving practices.
  2. In contrast to other donations, policy donation is possible not only by the donor, but also the insurance agent to offer extra time for the community. With donors’ registration, we would like to honour the Lifecare Ambassadors who are dedicated to promote policy giving.
What if I change my mind after donation?

If the donor decided to change any arrangements on donation e.g. cancelling the donation, or changing the designated charity, you are simply fill in the “Change of Policy Beneficiary”, and inform your insurance company. There is no limit on the number of amendments and percentage of each beneficiary.

Information provided by LUA Foundation

Other

Can I give via policy donation and legacy giving at the same time?

Yes.

Can I include Make-A-Wish Hong Kong in my will by naming it as a beneficiary of my life insurance policy?

No, this is not possible. Most life insurance policies already require beneficiaries to be designated at the time of application, so they are not considered part of the estate and cannot be distributed through a will. We recommend using our Life Insurance Donation Programme to make a life insurance gift instead.

It’s entirely up to you whether you let us know your intentions, but if you do, it’ll be in complete privacy, and would mean we’d get to say a big thank you. You can contact us via the following methods:
Phone: 3101 1158
Email: fundraising@makeawish.org.hk

Useful Information 

Beneficiary Charity: Make-A-Wish Foundation of Hong Kong Limited
Beneficiary Charity Address: Room 805, Nan Fung Commercial Centre, 19 Lam Lok Street, Kowloon Bay, Kowloon
Registration Number: 0641950
Tax˗exempt Charitable Institution and Trusts Reference Number: 91/5366