A charitable bequest is a gift made by will, allowing the donor to leave a legacy for their community while maintaining their current financial lifestyle.
This method of giving can take one of the following forms:
- An undesignated bequest allowing the OCH Foundation to use your gift where the greatest need exists.
- A designated bequest whereby the giver can specify how the gift is to be used by the OCH Foundation; for instance, an area of support like educational bursaries.
Benefits to donor
- A bequest in your will to the OCH Foundation can significantly reduce taxes payable upon death.
- A will comes into effect upon death, therefore, you retain the right to alter your gift throughout your lifetime.
How to give a charitable bequest
Wills can be complex documents and should be drafted with the assistance of legal counsel. To ensure correct and timeless wording that best honours your true intention, we would be delighted to help you and your adviser fine-tune the relevant clause in your Will. To learn more, please contact us.