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The ownership of a Calendar Event can be transferred to other members of an event. To do so, follow the steps given below. 

1. Go to calendar.google.com and sign into your Beloit account.
2. Click on the event of which you would like to transfer ownership. 
3. Click on the Options icon located on the top right corner of the event menu. A context menu will open.
4. Click on Change Owner. A new window will pop-up.
5. Under New Owner select the contact to which you would like to transfer ownership. 
6. You can also write an Optional Message. 
7. Click on Change Owner.

      The ownership of this event has now been transferred to the assigned contact.