Legacy Giving

A Lasting Impact on the Homes with a Heart

Legacy giving, also known as planned giving, is the act of making a charitable contribution through a future gift, typically as part of an individual’s estate planning. It allows you to continue supporting the cause you care about, even beyond your lifetime.

For those who have been touched by the compassionate care at The Ontario Finnish Resthome Association (OFRA) - whether as a resident, family member, or supporter - legacy giving is a powerful way to ensure that our mission of providing high-quality, resident-centered care continues for future generations.

Notifying The Ontario Finnish Resthome Foundation (OFRF) of your consideration for or already established legacy gift allows us to thank you personally, assist with any questions or planning, and ensure your gift is allocated properly to fulfill your legacy goals while aligning with our mission.

Legacy Giving Options to Explore

Estate and Bequest Gifts
The OFRF gratefully accepts donations of estate and bequests. The main difference between a direct estate donation and a bequest comes down to timing, control, and how the gift is executed.

Direct Donation (Lifetime Gift): Are a gift or gifts made outright while you are still alive. They take effect immediately, lets you see the impact of our support firsthand, and generates an immediate charitable tax receipt for your current income tax return.
Bequest: A bequest is the most common form of legacy giving. It's a gift outlined in your Will that takes effect only after your death, generating a charitable tax credit applied to your final income tax return. In your Will, you can designate the OFRF as a beneficiary in several ways:

- Specific Bequest: A set dollar amount (e.g., "I leave $25,000 to The Ontario Finnish Resthome Foundation.")
- Percentage Bequest: A percentage of your estate (e.g., "I loeave 10% of my estate to OFRF.")
- Residual Bequest: The remainder of your estate after other gifts and obligations are fulfilled.
- Contingent Bequest: A gift that is only given if certain conditions are met (e.g., "I leave my estate to my spouse, but if they do not survive me, then it goes to OFRF.")
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