Donations
Benefits of Giving
For over 40 years Canterbury Court has impacted the lives of many residents and their families by providing a unique lifestyle in a safe “family” environment. Many of these individuals have expressed their gratitude to Canterbury Court through various types of donations. Donations are a wonderful way of expressing support and commitment to an organization you believe in and provide much needed funds to secure the future for many generations.
All gifts to Canterbury Court are fully tax deductible in accordance with IRS regulations.
Ways to Give
- Cash (cash or check)
- All checks should be made payable to Canterbury Court or to a particular program, project or endowment fund at Canterbury Court.
- Securities
- Readily marketable securities, such as those traded on a stock exchange, can be accepted by Canterbury Court. Securities are valued on the date they are received at our account if your broker transfers them electronically or the postmark date if you mail them. Canterbury Court’s broker information is Smith Barney, 3333 Peachtree Road, NE, Suite 800, South Tower, Atlanta, GA 30326 for credit to Canterbury Court operating account #411-00769-18. Please notify Tom Downs, Chief Financial Officer of Canterbury Court, at (404) 231-3228 prior to transfer.
- Memorial Gifts
- Honoring a loved one or someone who is special to you through a memorial gift is a meaningful way of paying tribute to an individual who has been a vital part of your life. Your gift not only recognizes the uniqueness of someone’s life, but also supports the exceptional care that is the trademark of our reputation at Canterbury Court.
- Planned Gifts
Bequests
You can provide for a future gift to Canterbury Court through a bequest in your will. Options to benefit Canterbury Court can be done by specifying:
- A specific dollar amount;
- A specific amount of property;
- A percentage of the estate; or
- The remainder of the estate after all other gifts have been fulfilled
For more information on Bequests, please contact Melinda Smith, Director of Development, at (404) 231-8239 or email by clicking on the name above.
Charitable Gift Annuities
A gift annuity is a beneficial way to make a gift to Canterbury Court. Gift annuities are a simple contract between the donor and Canterbury Court. In exchange for a gift of at least $10,000 in cash or securities, Canterbury Court agrees to pay interest based on the age of the donor(s) up to a maximum of 11.3 percent. The donor(s) receive guaranteed fixed payments for life payable in quarterly installments and an immediate income tax deduction. A true win-win situation.
*All gift annuity contracts are irrevocable.
For more information on Charitable Gift Annuities or to receive a personalized complimentary illustration, please contact Melinda Smith, Director of Development, at (404) 231-8239 or email by clicking on the name above.
Life Insurance
Giving through an existing life insurance policy is an excellent way to make a charitable gift with little to no cost to the donor. Canterbury Court will accept gifts of life insurance when Canterbury Court is named owner and beneficiary of an existing policy or Canterbury Court is named beneficiary of all or a portion of the death benefit proceeds. In order to designate Canterbury Court as beneficiary of an existing life insurance policy, simply contact your life insurance company to obtain a Change of Beneficiary form.
For more information on the benefits of donating Life Insurance, please contact Melinda Smith, Director of Development, at (404) 231-8239 or email by clicking on the name above.
Retirement Plans
Gifts through a company retirement plan or other established plan, such as an IRA, are a convenient and low cost way of making a significant gift to Canterbury Court. Gifts of retirement plans can be made in two ways:
- Any retirement income not needed to provide for day-to-day living expenses can be donated to Canterbury Court, which allows the donor to see the benefit of their gift during their lifetime.
- Canterbury Court can be designated beneficiary of any excess retirement plan assets at death. Simply contact your plan administrator for a Change of Beneficiary form.
Excess retirement funds held in plans are subject to both income and estate taxes. Naming Canterbury Court as the charitable beneficiary of a retirement plan can reduce or eliminate estate and income taxes for your heirs.
For more information on the benefits of donating Retirement Plans, please contact Melinda Smith, Director of Development, at (404) 231-8239 or email by clicking on the name above.
Charitable Remainder Trusts
Charitable remainder trusts are another vehicle used by donors who are interested in converting low-yielding assets into a source of additional retirement income without incurring capital gains taxes. In addition, an immediate charitable income tax deduction is available in the year of the gift. There are two types of charitable remainder trusts – a charitable remainder annuity trust which provides the donor(s) with a fixed dollar payout and a charitable remainder unitrust which provides the donor(s) with a fixed percentage payout.
For more information on Charitable Remainder Trusts, please contact Melinda Smith, Director of Development, at (404) 231-8239 or email by clicking on the name above.
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