Planned Giving

Gifts in Wills 

Leave a legacy and help create a brighter future with a gift in your Will

The plans you make today define your legacy in our community tomorrow. Your gift helps the youth and families we support.

When you support Hull Services with a gift in your Will, you are making an investment in the lives of vulnerable children and youth. Thank you for demonstrating a deep commitment to our work, as together, we build resilience today for a brighter tomorrow!

We encourage you to inform us of your intent to leave a gift in your Will. Please reach out to our team for our suggested wording in your Will.

Why make a gift in your Will

There are a number of benefits to making a future gift:

Gifts of Life Insurance

A gift of life insurance can enable you to leave a significant legacy to Hull Services at a relatively low annual cost. Life insurance proceeds are paid out directly to your beneficiaries outside your estate, therefore; your gift will not be diminished due to taxes, probate or administration fees.

There are three ways you can donate using life insurance:

1. Transfer ownership of an existing policy to Hull Services, and also designate Hull as the policy’s beneficiary. In this case Hull will issue a charitable receipt to you for the policy’s cash surrender value, plus any accumulated dividends and interest. If, after gifting the policy, you choose to keep it in force, you will receive charitable receipts for any additional premiums paid.

2. Purchase a new policy and designate Hull Services as the owner and beneficiary. You will receive charitable tax receipts for the full amount of the premiums paid year after year.

3. Name Hull Services as a beneficiary of either a fixed dollar amount or percentage of either a new or existing policy. In this case, a receipt will be issued to your estate for the value of the proceeds Hull receives.

You may also choose where to direct your gift. You can designate to our ‘area of greatest need’ or, our Development staff would be happy to assist you with choosing an area of support that means to most to you. We can work with you to establish a document of understanding outlining your wishes for your gift.

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.

Gifts of Publicly Listed Securities

Securities can be a part of your estate planning, mutual funds, shares, stocks, or can be an immediate gift to Hull Services. Receive a 100% tax credit on the capital gains of the shares when sold. This results in a larger tax savings than if you sold them and donated the proceeds to Hull Services.

How To Give A Gift Of Securities

To easily make your gift of publicly listed securities to Hull Services follow these three steps:

Step 1: Complete the form hyperlink here titled “Publicly Traded Securities Transfer for Gift Donation

Step 2: We’ll ensure your securities can be transferred. Email the completed form to Director of Finance at controller@hullservices.ca. We will confirm our ability to accept the transfer with our Investment Manager and will have a response to you in no less than two business days.

Step 3: Initiate the transfer with your broker. Once we have confirmed and get back to you, email or deliver the completed form to your broker or investment advisor who will initiate, and be responsible for, the transfer. Notifying us when this step is completed will enable us to help make the transfer happens as timely as possible.

Additional note for gifts of mutual funds – To transfer a mutual fund, your broker or delivering institution will also need to submit a Power of Attorney form with your Letter of Authorization transfer form.

Gifts through RRSPs, RRIFs and Other Retirement Savings

A charitable retirement savings gift can be made by naming Hull Services as a direct beneficiary. Saving for your retirement is an essential part of a complete financial plan. However, your strategy should also consider what happens to your RRSPs, RRIFs or other retirement savings. Talk to your financial adviser about making plans that are right for you and your family.

Next to personal real estate, registered retirement accounts are the most popular investment for Canadians, and generally are the single biggest assets owned besides a home.

Generally people name their surviving spouse as the beneficiary of their RRSP. However, if the beneficiary of your RRSP is someone other than your spouse or dependent(s), the value of the RRSP will be taxed as ordinary income, often at the highest marginal tax rate. Therefore, it is one of the most heavily taxed estate assets to pass to children.

By designating Hull Services as the beneficiary of all or a portion of your RRSP or RRIF, your tax credit will offset the tax on your RRSP or RRIF distributions. A direct designation of RRSP/RRIF plan assets would pass to Hull outside your estate, bypassing probate and yielding a tax receipt for the full value of the donation.

A gift of retirement funds presents you with an opportunity to make a significant gift to Hull, while enjoying beneficial tax savings. You retain full access to the funds for your lifetime and your donation will pass to the Hull tax free.

The process to establish a gift of RRSP/RRIF funds is easy. Simply speak to your RRSP/RRIF sponsor about changing your designated beneficiary to Hull.

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.

Hull Information for Planned Giving

Legal name:  Hull Services

Charitable registration number: 13008 4858 RR0001

Address:  2266 Woodpark Ave SW, Calgary, AB  T2W 2Z8

Contact Information:
T: 403-251-8000
Fax: 403-251-9001
Hullservices.ca