Frequently Asked Questions

• Can I create income with my gift?

  Yes! Ohio Living Foundation has many plans for Gifts That Pay You Income. You can also provide income for a child, a grandchild, a parent, or a friend. That income can increase cash flow now and/or during retirement, pay for a college education, provide income for aging parents, or perhaps assist a loved one with special needs. You can also provide income to Ohio Living Foundation by using a Charitable Lead Trust.

• I am unable to make a current gift, but I'd still like to support Ohio Living Foundation in the future. Any ideas?

  An easy and low-cost way to make a gift to Ohio Living Foundation is to include Ohio Living Foundation in your will or revocable trust. Gifts by Will are a major source of endowment support at our institution. Each individual legacy contributes to our financial strength and ability to meet the needs of our residents, patients, staff, and their families. If you have not already done so, please consider putting Ohio Living Foundation in your will or revocable trust. See our Bequest Language page for samples of how to do this. You can also designate Ohio Living Foundation the beneficiary of Life Insurance, annuities, or Retirement-Plan Benefits.

• What asset should I use to make my gift?

  While cash or a check is a simple way to make a gift, you might want to consider the following:

  Gift Type	Possible Benefits
  Cash	Current income-tax deduction Generate income
  Appreciated securities, such as stocks, bonds, or mutual funds	Elimination or reduction of capital-gain tax Current income-tax deduction Generate income
  Transfer of residential, commercial, or undeveloped real estate	Elimination or reduction of capital-gain tax Income- and estate-tax savings Generate income Relief from management
  Donate an interest in closely held or family business stock	Reduce the cost of passing the business to heirs Income- and estate-tax savings Generate income
  Make Ohio Living Foundation the owner and beneficiary of life insurance or annuities	Income- and estate-tax savings

   

• Can I direct how Ohio Living Foundation will use my gift?

  Most often the answer to this is “yes”!! Many donors direct that their gifts be used to fund programs, like memory care, workforce investment, spiritual life, home health & hospice, or capital projects. Please be sure to discuss this when you make your gift.

• How will Ohio Living Foundation recognize my gift?

  If your gift is a bequest commitment or through life insurance, life-income plans, or lead trusts, you will become a permanent member of our Living Legacy Society. Of course, we will also honor any requests for gifts to be anonymous.

• Why should I consider a gift to Ohio Living Foundation?

  Gifts are made for many different reasons. Often gifts are made:

  • To express gratitude for the care you received.
  • To honor a loved one.
  • To support staff retention and appreciation efforts throughout our footprint.
  • To transform how we support those living with cognitive challenges to create a greater sense of purpose and meaning through our Memory Care Centers of Excellence.
  • To ensure Ohio Living will remain a vibrant and strong place for today’s future residents and patients.
  • To help Ohio Living provide the very best care to patients regardless of their finances.
  • To celebrate a special occasion.

Please contact giving@ohioliving.org for more information.

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