Life insurance and RRSPs
A gift that costs nothing today. Naming Edmonton's Food Bank as a beneficiary on your life insurance or RRSP is one of the simplest ways to leave a lasting legacy
Steps for RRSP/RRIF giving
When an RRSP or RRIF is paid out to your estate, the full value is added to your taxable income for that year, which can result in a large tax bill. By naming Edmonton's Food Bank as beneficiary directly on your plan, the full value is eligible for a charitable donation tax credit, which helps offset that tax. It's a simple change that makes a meaningful difference
To name a charity as a beneficiary of your RRSP or RRIF, you need to request a Change of Beneficiary Form directly from your financial institution or plan administrator, rather than a government-specific universal form
Request the form
Call or log into your financial institution (e.g., RBC, TD, BMO, Manulife) that holds your Registered Retirement Savings Plan (RRSP) or Registered Retirement Income Fund (RRIF) to request their specific beneficiary designation form
Complete the form
Specify the allocation by deciding whether you want to leave us a specific dollar amount or a percentage of the total fund value. Fill in the form, naming Edmonton Gleaners Association (Edmonton's Food Bank) CRA# 129185310 RR0001 as a beneficiary.
Return it to your financial institution
Return the completed form to your financial institution. They'll update your plan record; no changes to your will is required
Life Insurance
There are two ways to make a gift through your life insurance policy. Both are straightforward and can be arranged with your insurance advisor/provider
Name us as beneficiary
The simplest option: contact your insurance provider and update your policy to name Edmonton Gleaners Association (Edmonton's Food Bank) CRA# 129185310 RR0001 as beneficiary. You retain full ownership of the policy. When the policy pays out, Edmonton's Food Bank receives the benefit and issues a charitable donation receipt to your estate
Transfer policy ownership
If you have a paid-up (paid in full) life insurance policy you no longer need, you can transfer ownership to the Edmonton Gleaners Association (Edmonton's Food Bank) CRA# 129185310 RR0001 and name us as beneficiary. You receive an immediate charitable donation receipt based on the policy's cash surrender value. Any future premium payments are treated as additional charitable gifts, each eligible for a tax credit
Help Feed Edmonton’s Future
No matter the size of your gift will have a direct impact
A gift through your life insurance or RRSP/RRIF is one of the most powerful ways to support Edmonton's Food Bank. These strategic gifts cost nothing today, but they will help create a sustainable future where Edmonton families have access to the food they need. All donations regardless of size is appreciated
Why they made this choice …
“I wanted to honour my family and my community at the same time. I named Edmonton’s Food Bank as my beneficiary of my life insurance. The rest of my estate will benefit them and I can still help people.”
My Family
Donor
“I give my time in the warehouse building hampers. I really don’t have anyone to leave things to when I’m gone and while I don’t think my estate will be big or life changing to the food bank. I know it will help.”
EFB volunteer
RRSP Donor
