Your Legacy is a Lifeline
2am. The call goes out. Trained volunteers from all walks of life … rush out into the freezing wind and darkness to save someone they’ve never met.
A gift in your Will can help bring our brave volunteer crews home safely. Your legacy will be the protective gear they can count on, the training that keeps them safe, and the strong rescue vessel that ploughs through fierce winds and waves to reach people in distress
Here are some examples on how your donations may be used:
- $ 250 pays for a helmet to protect crew during rescues in rough seas
- $ 100 pays for a spotlight for night searches for missing persons
- $ 250 pays for a PFD vest for persons taken on board
- $ 250 pays for the fuel for the Lifeboat for a rescue mission
- $ 350 pays for a crew member’s inflatable utility vest to give quick access to equipment and extra flotation
- $ 300 pays for a portable VHF radio to communicate with a crew member assisting with your boat
- $ 800 pays for a crew member’s all-weather flotation suit necessary on BC’s freezing waters
- $ 500 pays for the electronic chart card for GPS / radar plotter for night & bad weather searches
- $ 1,800 pays for a basket stretcher & flotation collar necessary to rescue & transport casualties
- $ 2,500 pays for an oxygen heat treat unit for hypothermic casualties to resuscitate hypothermic casualties
Legacy giving means making a charitable gift that maximizes your tax and financial benefits. You can decide if the gift is one-time, a series of payments or ongoing support.
While many donors make gifts through bequests in their Will, there are other estate planning options. By including charitable gifts in your estate planning, you may eliminate significant taxes payable upon your death.
A gift in your will is one of the most powerful gifts you can make. You can make a specific cash gift or leave a portion of your estate to Royal Canadian Marine Search and Rescue Station 34. Whatever form your donation takes, it will have the same effect: saving lives on the water for years to come.
Your estate will receive a tax receipt for the full value of your charitable gifts. This can minimize, or in some cases eliminate, taxes payable by your estate.
The most common types of bequests include:
Specific bequest: This is a gift of a specific amount of cash or piece of property, such as real estate, stocks, bonds, or works of art.
Residual bequest: What remains in your estate once all specific gifts, bills, and taxes are paid, is called the residue. You may choose to leave all, or a percentage, of your residue to Royal Canadian Marine Search and Rescue Station 34.
Mill Bay Marine Rescue Society
PO Box 62
Mill Bay, British Columbia