Legacy giving
Your legacy can include protecting the lands, waters, and wildlife of coastal British Columbia by leaving a bequest to Raincoast. Legacy giving, no matter the size, makes a tremendous difference to our work and could support our long-term initiatives in a number of ways such as Safeguarding Coastal Carnivores of the Great Bear Rainforest, supporting long-term coastal research, or creating an endowment for lasting habitat protection,restoration, and monitoring in globally rare forests.
There are two types of legacy gifts.
1. A residual gift
You can give all or a percentage of what is left of your estate to Raincoast, after all other gifts have been made to your loved ones. For example:
“I give to Raincoast Conservation Foundation, charitable number 889643565RR0001 ____ per cent of the residue of my estate.”
2. A specific gift
You can donate a specific dollar amount or specific assets, such as a home or securities to Raincoast. For example:
“I give to Raincoast Conservation Foundation, charitable number 889643565RR0001 the sum of $_______.
Make sure to include Raincoast’s legal name:
Raincoast Conservation Foundation
W̱SÁNEĆ Territory, P.O Box 2429
Sidney, B.C., Canada, V8L 3Y3
Canadian Charitable registration number: 889643565RR0001.
Donate your life insurance policy
Along with tax savings, the benefit of donating a life insurance policy includes the freedom to choose what type of policy and how much premium you pay. Your gift can’t be legally challenged because life insurance is considered separate from your other estate assets.
Donating a life insurance policy isn’t subject to taxes, probate costs or estate debts, and you can make a substantial contribution through relatively small monthly or yearly payments. At the same time, you’ll be rewarded for your donation through charitable tax receipts. The premiums on a $25,000 policy will cost far less than the payout amount over time, and when you include your tax credits, you end up paying even less overall for a very sizable gift.
Here are three ways you can donate a life insurance policy to Raincoast:
- Take out a new policy in the name of Raincoast Conservation Foundation. You’ll receive a charitable tax receipt for the cash value of the policy and for any premiums you pay.
- Name Raincoast as the beneficiary of an existing policy. This is a good option if you already have a policy that your family no longer needs for financial stability. At the time of your death, the charity will receive the policy proceeds and your estate will receive the tax benefits.
- Transfer ownership of an existing policy to Raincoast and receive a charitable tax receipt for the cash value of the policy. If you owe annual premiums on the policy, you’ll still pay them, but you’ll also receive tax receipts in the amount of your payments.
If you have any questions, please contact Marlie, our Development Coordinator.
marlie [at] raincoast [dot] org.
