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403.253.2059 5000 11 St SE, Calgary, AB T2H 2Y5

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Ways to Plan Your Gifts

What is Planned Giving?

Life Insurance

Will Planning

Want to learn more about planned giving?

Christina Arnold would be happy to meet with you to answer any questions.

or call Christina directly (403) 319-0833
You might also like to visit the Canada Revenue Agency website, ‘Giving to Charity – Information for Donors’
Christina
Email Christina
None of us like to think that food banks will still be a part of our future. We would like nothing better than to close our doors because no one needs us. Unfortunately, there is still a lot of work to do in our society to see this become a reality. While we continue to work with other organizations to find lasting solutions, families and individuals will continue to need food.

Securities

Retirement Funds

Why my mom left a bequest to the food bank ...

In 1948, a few years after WW11 ended, my mom sailed with her family to Canada from England. The first years weren’t easy – only once did she share with me that they often went hungry. She told me about the fear she experienced, and how alone she felt. There were few her family could turn to for support.

Over the years, mom raised her own family and became a vital member of her community. She regularly donated to the Calgary Food Bank too – I guess she never forgot those early years and didn’t want anyone else experiencing what she had gone through.

Mom passed away recently. In her will, she gave money to the food bank. It didn’t really occur to me until then the depth of her feeling and the suffering she must have endured. I’m so proud of her.

In honour of my mom, I have now chosen to donate monthly. It would seem mom’s legacy is really more than the money she left behind. It’s the example of caring she set for her family and for her community.

-Christina

Will Planning

How Does It Work?

  • Discuss it with your family to make sure it is the right decision
  • Go to a trusted advisor and tell them what you would like
  • By donating to a charitable organization in your will, the tax burden left to relatives could possibly impact end of life taxes
  • There is no immediate cost and it can allow for you to leave a larger gift that you can afford during your lifetime

Sample Language For Wills

IMPORTANT

The purpose of this is to provide general information, not to render legal advice.

We recommend that you consult your lawyer or other professional advisor about your will and other estate and financial planning matters.

Specific Cash Bequest
I direct my Executor/Executrix to transfer as a gift to the Calgary Inter-Faith Food Bank Society the sum of $__________ [or ____% of my estate], to be used for such purposes in connection with the work of the Calgary Inter-Faith Food Bank Society as its Board of Directors may from time to time determine.

Residual Bequest
I direct my Executor/Executrix to transfer as a gift to the Calgary Inter-Faith Food Bank Society the residue of my estate [or a specific portion of the residue] to be used for such purposes in connection with the work of the Calgary Inter-Faith Food Bank Society as its Board of Directors may from time to time determine.

Contingent Bequest
If any of the beneficiaries named in this will should die before becoming entitled to received their distributive share of my estate, I direct my Executor/Executrix to transfer the share to which such beneficiary would otherwise have been entitled to the Calgary Inter-Faith Food Bank Society to be used for such purposes in connection with the work of the Calgary Inter-Faith Food Bank Society as its Board of Directors may from time to time determine.

Power to Vary Clause
This clause empowers a charity to vary the purpose for which a gift is used if circumstances make it impossible or impracticable to carry out the original wishes or purposes of the donor. It is recommended that this clause be used whenever a restricted or designated gift is made.

Gifts of Securities

How Does They Work?

  • Shares that you own can easily be transferred to the Calgary Food Bank’s brokerage account
  • The Calgary Food Bank will provide you with a ‘Gift of Securities’ form to ease the process
  • When you transfer shares ‘in-kind’, the capital gains tax is eliminated
  • The tax receipt is issued for the value of the securities on the day they are received in our trading account

Life Insurance

How Does It Work?

  • Transfer ownership of your policy to the Calgary Food Bank and continue to pay the premiums
  • Receive a tax receipt for your premiums paid after the ownership of the policy has been transferred
  • Allow for the deferred gift, while injoying the tax savings now
  • Designate the Calgary Food Bank as a beneficiary of your life insurance policy

Retirement Funds

How Do They Work?

  • Name the Calgary Inter-Faith Food Bank Society as the beneficiary of your RRSP or RRIF
  • The gift will go directly to the Calgary Food Bank
  • The tax receipt generated will offset taxes

Make A Difference

About the Calgary Food Bank

The Calgary Food Bank is an emergency food distribution hub for individuals and families. It also directly supports other charitable agencies who work with low-income Calgarians from children to seniors.

The Calgary Food Bank is neither a government nor United Way agency.

Our Mission

Together, we fight hunger and its root causes because no one should go hungry.

Our Vision 

A hunger-free community.

Our legal name: Calgary Inter-Faith Food Bank Society
Our address: 5000 11 Street SE, Calgary, AB T2H 2Y5
Canadian Charitable Registration Number: 130 167 349 RR0001

Here are some reasons people need help

Frank and Violet

Frank and Violet are seniors. They worked hard their whole lives, raised a family, and paid their taxes. They’re proud of the life they’ve built and their independence. Unfortunately, their pension doesn’t go as far as they thought it would. Sometimes they have a hard time making ends meet and have to come to the Food Bank to tide them over.

Gerald

Gerald is a single father of two young children. He was recently laid off and thought he had nowhere to turn. He feels ashamed for not being able to provide for his children. He comes to the Food Bank where he finds food and a referral to an employment agency. He now has a plan to get back on track and more importantly, he has hope.

Jen

Jen is a middle aged woman who has been in the work force for 38 years. She was in a terrible car accident and needs months to recover. She can no longer do her job. Her partner, who cannot cope with her injuries, left her. Within months, the life she had built fell apart. Her children and their families support her as much as they can, but it’s not quite enough. The Calgary Food Bank is here to offer her support and put her in touch with agencies that can help her rebuild her
life.