Family bonds fuel new fund: 1 of 26 new funds later in 2022

Family meant everything to Filomena ‚ÄúMena‚ÄĚ Ricardo Mari. At sixteen, it‚Äôs what¬†compelled she¬†and her twin sister¬†to leave home in the Azores, so that she could work in Canada to supplement¬†the lost income of her¬†critically injured father. Here she raised her own family and in¬†more recent years, doted on her seven grandchildren‚ÄĒnourishing everyone with love and homemade cooking. But she was always thinking about those in need beyond her¬†immediate family, particularly children.¬†¬†¬†

‚ÄúMy mom was passionate about ensuring kids got the love and care they need,‚ÄĚ says¬†Kevin¬†Mari. ‚ÄúWhen our entire family got together to decide¬†what¬†her memorial¬†fund would support,¬†there was quick consensus on what mattered to mom: food security, children and health.‚Ä̬†¬†¬†

Engaging the family in philanthropy is a huge motivator for Kevin. A tight-knit family with his siblings and dad living five minutes away, family is important. Kevin is pleased that he and his family can live out Mena’s legacy by fulfilling her wish to give in perpetuity versus a one-time donation and instilling these philanthropic values early on in his kids’ lives. 

But there are bigger goals beyond family. ‚ÄúI‚Äôve been¬†socializing the¬†fund¬†website with my network,‚ÄĚ says¬†Kevin.¬†¬†‚ÄúMany didn‚Äôt know you could¬†set up a family foundation this easily.¬†Part of my mission is to help others appreciate¬†how their donations can go further.¬†I‚Äôm excited that our family can learn through Toronto Foundation.¬†We‚Äôre¬†motivated now more than ever to be less reactive and more proactive with our family‚Äôs philanthropy.‚Ä̬†¬†

Says¬†Kevin: ‚ÄúMy mom was my best friend. Nothing can bring her¬†back, but¬†creating this family foundation ensures her passions and memory will live on forever.‚Ä̬†¬†¬†

The Ricardo Mari Family Foundation is one of 26 funds set up later in the second half of 2022. 

For more information on the Ricardo Mari Family Foundation click here.

26 NEW FUNDS: IMPACT BY THE NUMBERS

TRENDS Jan 2023 (1)
TYPES OF FUNDS Jan 2023 (2)

To learn about the advantages of diversifying your fund portfolio at Toronto Foundation, contact Aneil Gokhale, Director, Philanthropy.