Taxes

• Charitable Giving
  Charitable Gift Annuity.  Transfer cash or appreciated property in exchange for a fixed income (with rates based on your age) for the rest of your life.
• Tax Deductions
  Insurance Policy.  Give your life insurance policy to Canterbury and receive a charitable income tax deduction. Then make deductible contributions each year that we may use to pay the premiums. You can also designate Canterbury as the beneficiary of your life insurance policy.
• Income Tax

Investment

• Bonds

Planning

• Annuities
  Beneficiary Designations.  Name Canterbury the beneficiary on IRAs, CDs, commercial annuities, savings accounts and savings bonds. Also, if you are 70 1/2 or older, you can make a gift of up to $100,000 to Canterbury from your IRA to meet your annual distribution requirement. By making an IRA charitable rollover gift, you will avoid taxes on the IRA distribution while supporting our charitable mission.
• Long Term Care
  As a not-for-profit, continuing care rental community, we make aging in place simple. Residents have priority consideration for transferring to higher levels of care, so you can seamlessly transition from independent living to assisted living, memory care and long-term care as your health needs change right under one roof. That means peace of mind for you and your family. And at Canterbury, you can always move into our community at the level of care you need.
• Living Trusts
  Will or Revocable Living Trust.  Designate a specific amount or percentage to go to Canterbury. A contingency bequest names Canterbury to receive the remainder of your estate if other beneficiaries are deceased or cannot inherit.
• Charitable Remainder Trusts
  A Charitable Remainder Trust.  Also an annuity trust, it pays out a fixed amount each year based on the value of the property at the time it is gifted. There is also the potential that your income could increase over time with growth in the trust.
• Reverse Mortgages