A gift made in your Will, also known as a bequest, is one of the simplest ways to make a significant gift – perhaps larger than you ever thought possible – to help the patients The Royal. Bequests may be directed to a particular area of care that is meaningful to you. Even if you choose not to designate your bequest, you can be assured it will go to the highest priority needs at the hospital.
Benefits of a gift in your Will
A Will enables you to distribute your money and property as you choose. You can provide for your family and loved ones as well support the patients and families at The Royal.
A gift in your Will to the Royal Ottawa Foundation for Mental Health can significantly reduce taxes payable upon death.
There are different ways to leave a gift in your Will – residual and general.
- Residual: giving the Royal Ottawa Foundation the remaining portion of your assets after all other terms of the Will have been satisfied.
- General: giving the Royal Ottawa Foundation a specific dollar amount
How to make a gift in your Will to the Royal Ottawa Foundation
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 intentions, we would be delighted to help you and your advisor fine-tune the charitable bequest wording in your Will.
Types of Bequests
- Designated bequest – a gift intended to be used for a specific purpose within the hospital (such as a particular program or area of research).
- Undesignated bequest – will be directed to important research initiatives at The Royal’s Mental Health Research Institute.
Information for your legacy planning:
Legal Name: Royal Ottawa Foundation for Mental Health
Address: 1145 Carling Avenue Ottawa, Ontario K1Z 7K4
Charitable Registration Number: 119129179RR0001
*We strongly encourage you to seek professional legal, estate planning and/or financial advice when making decisions about your gift to the Royal Ottawa Foundation.