Legacy Giving

Legacy Giving is a powerful way to invest in the future of mentoring while aligning with your financial and estate goals. Whether through a bequest, life insurance, RRSPs, or publicly listed securities, your legacy gift today ensures that children and youth will continue to have the guidance of a mentor tomorrow. Together, we can create lasting change; one match, one story, and one relationship at a time.

Donating Publicly Traded Shares, Bonds, or Mutual Funds

Donating publicly traded securities to Big Brothers Big Sisters of Calgary and Area is a powerful way to make a significant impact on local children's lives. Your generous gift of securities, which can include stocks, bonds, and mutual funds, is not subject to capital gains tax when donated directly to a charity. In addition to providing tax benefits, your gift of securities will help children, young people, and families in most need of mentoring support.

We encourage you to seek professional legal or financial advice before making a decision. For more information on how to donate securities, please click the button below.

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Gifts Through RRSPs, RRIFs, and Other Retirement Savings

A charitable gift from your retirement savings can be made by naming Big Brothers Big Sisters of Calgary and Area as a direct beneficiary. Generally, people name their surviving spouse as the beneficiary of their RRSP. However, if the beneficiary is someone other than a spouse or dependent, the value of the RRSP will be taxed as ordinary income, often at the highest marginal rate.

By designating Big Brothers Big Sisters as a beneficiary of all or a portion of your RRSP or RRIF, your tax credit will offset the tax on those distributions. This presents a great opportunity to make a significant gift to our organization while enjoying beneficial tax savings. You retain full access to the funds during your lifetime, and your donation will pass to BBBS tax-free.

The process is easy; simply speak to your RRSP/RRIF sponsor about changing your designated beneficiary to Big Brothers Big Sisters.

The information provided here is of a general nature and should not be taken as a substitute for professional advice. We urge you to consult with your advisors to ensure that a particular option is right for your financial and estate planning situation.

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Gifts of Life Insurance

A gift of life insurance can allow you to leave a significant legacy to Big Brothers Big Sisters of Calgary and Area at a relatively low annual cost. Life insurance proceeds are paid directly to your beneficiaries outside of your estate, meaning your gift will not be diminished by taxes or other fees.

There are three ways you can donate using life insurance:

Transfer ownership of an existing policy: You can transfer ownership of a policy to BBBS, and we will issue a charitable receipt for its cash surrender value, plus any accumulated dividends and interest. If you continue to pay premiums, you will receive charitable receipts for those payments.

Purchase a new policy: You can purchase a new policy and name BBBS Calgary as both the owner and beneficiary. You will receive charitable tax receipts for the full amount of the premiums paid year after year.

Name BBBS as a beneficiary: You can name BBBS as a beneficiary for a specific dollar amount or a percentage of a new or existing policy. In this case, your estate will receive a tax receipt for the value of the proceeds BBBS receives.

We are happy to work with you to establish a document outlining your wishes for your gift. We can assist you in choosing an area of support that means the most to you, whether it is for our "area of greatest need" or a specific program. We urge you to consult with your advisors to ensure that a particular option is right for your financial and estate planning situation.

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Memorial and Tribute Gifts

When you make a donation to celebrate a friend or remember a loved one, you are giving twice. First, you are honoring the person with your gift, and second, you are helping support mentorship for a young person in our city. At your request, a notification will be sent in recognition of your gift, and the donation amount will not be disclosed. You will also receive a charitable tax receipt.

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A Gift in Your Will

You can leave a lasting legacy in support of mentorship at BBBS Calgary . The plans you make today define your legacy in our community tomorrow. A gift in your will ensures that young people who need mentorship in the future will not be left behind. Your support demonstrates a deep commitment to our work, as together, we build resilience today for a brighter tomorrow for young people in our city.

We encourage you to inform us of your intent to leave a gift in your will. Please reach out to us for confidential, pressure-free suggestions on how you can make a lasting impact.

Why Make a Gift in Your Will?

There are four benefits to making a future gift:

Lasting Legacy

A gift in your will is your lasting legacy, and it does not affect your current cash flow. It's a way to ensure we will be there for those who need help in the future.

Reduce Estate Taxes

In many cases, a charitable donation will reduce the taxes on your estate, which means there is little or no impact on what can be passed on to your loved ones. There are many ways that tax credits for charitable gifts and simple planning can allow you to do all three: secure your future, leave a legacy, and provide for your loved ones.

Support What is Important to You

You can help secure the future for those who need help by leaving a gift in your will. Their numbers will continue to grow, and their needs will be more complex.

Changes Can Be Made

You can add a simple amendment to your existing will (a codicil) to include a charitable gift. We encourage you to share your thoughts with your family and explore your options with a trusted legal, tax, or accounting specialist.

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Transforming Lives

Our work is transforming lives, and it is supported by science and bolstered by positive outcomes. Want to learn more about Our Impact?

Learn About Our Impact

Mentoring Programs

We offer a range of mentoring programs designed to meet young people where they’re at—in schools or in the community. Want to learn more about how we are transforming lives?

Learn About Our Programs