Supporting the FSBS Endowment Fund with Charitable Bequests - Gifts that truly do keep on giving!

The Franciscan Sisters of the Atonement have been effectively providing valuable social services in inner-city neighborhoods in Edmonton and Vancouver for almost 80 years.  To ensure that we are able to continue to serve for many more years through our programs, Lurana Shelter and C.A.P. Head Start in Edmonton, and the Cordova Street Lunch Program in Vancouver, we have established the Franciscan Sisters Benevolent Society (FSBS) Endowment Fund. 

Many non-profit and faith-based organizations set up and develop endowment funds as an effective way to ensure long-term financial sustainability.  Once the fund is established, the principle is invested and only the annual investment income is used to pay the organization's operating and programming expenses.

Charitable bequests are the bulk of contributions that form the FSBS Endowment Fund.  A bequest may be a dollar amount, a percentage of your estate, or a residual bequest, meaning that the Endowment Fund would receive any property remaining in your estate after all specific bequests have been fulfilled.  Your estate would receive a tax-receipt for the value of your gift, which provides a tax credit that would reduce the amount of taxes payable on your final tax return.

If you decide that you would like to support the long-term sustainability of the valuable programs administered by the FSBS by putting a bequest in your will, you can specify that your bequest support a particular program or project.  Unspecified bequest amounts are automatically allocated to our permanent endowment fund.

For further information on the FSBS Endowment Fund, please contact Sister Lucinda May Patterson at 422-7263 in Edmonton or Sister Marianne Rohrer at 604-685-9987 in Vancouver.