Contributions come in many shapes and sizes and Canterbury Crest is grateful for every one of them. Every effort of support for Christian Science nursing blesses, not only the local community, but the world as well. The Christlike compassion demonstrated by the Good Samaritan in the New Testament story included everything that the suffering man needed: a willingness to help, support of physical needs, and financial assistance. Canterbury Crest offers the same and accepts in-kind.
First and foremost, Canterbury Crest appreciates prayerful, Christlike support for all its activities and the field of Christian Science nursing. The Comforter as demonstrated by Christ Jesus, is visible in every good thought and action. Christian healing is the outcome!! Thank you for your continued prayers.
Financial contributions can be made at any time and in several different ways. Canterbury Crest is an Oregon non-profit corporation and is tax-exempt under section 501(c)(3) of the Internal Revenue Code. Contributions are, therefore, tax deductible to the full extent of the law. Canterbury Crest is equipped to receive contributions in the form of something as simple as a personal check or credit card to a more detailed transaction like estates, or real property. We are available to assist with any transaction and receipts are provided for contributions of $250 or more, or upon request.
Please note: When developing a gifting plan, a private attorney, accountant, or financial advisor can play an important role.
Gifts of Stock or Appreciable Assets
A popular option is the outright gift of appreciated securities (stocks, mutual funds, and bonds) or other tangible, marketable assets. Such gifts usually qualify for a charitable income deduction equal to the full market value of the security at the time of transfer. Furthermore, as a qualified charity, Canterbury Crest receives the full value of the asset as a non-profit organization.
Gifts of Real Estate
For some donors, it is appropriate to make a gift of commercial or residential real estate. For gifting of a home through a will, it may be better to make the gift now and retain the lifetime right to live in the home. For income property, lifetime income could be retained. By giving now, a substantial charitable income tax deduction can be realized and the gifted property will be excluded from the estate, thus reducing estate tax liability and probate fees.
Gifts of Insurance, IRA’s and Other Retirement Accounts
Donors may want to achieve philanthropic goals while also preserving estates for their families. A simple method is to name Canterbury Crest as a beneficiary (in total or in part) of a life insurance policy. Similar designations can be made in some retirement plans, IRA savings accounts, brokerage accounts, and other financial holdings where a beneficiary can be named.
Gifts through an Estate
For many donors, making a gift through their estate is the most realistic way to provide a substantial contribution to Canterbury Crest, while reducing (or even eliminating) federal estate taxes. A donor may bequeath Canterbury Crest a specific dollar amount, a specific piece of property, or a stated percentage of the estate. Alternately, a residuary bequest can be made whereby Canterbury Crest receives all of a stated percentage of an estate after distribution of specific bequests and the payment of debts, taxes, and expenses. A contingent bequest can also be made whereby Canterbury Crest receives part of all of the estate under certain specified circumstances.
Some donors establish a trust, either during their lifetime or within their will, which provides for income and support to other beneficiaries during that beneficiary’s lifetime, or until a specific time. As a listed beneficiary, Canterbury Crest then receives a part or all of the remaining estate as specified.
Charitable Remainder Trusts
One of the most commonly used trusts is a Charitable Remainder Trust (CRT). These trusts can be structured in several different ways to benefit both Canterbury Crest and the donor. CRT’s provide a lifetime income to the donor or other beneficiaries, and a current charitable income tax deduction. Funding of the trust may be with cash, securities, or real estate. Payments may be made for one or more lives, or may be for a fixed term up to 20 years.
Thank you for contributions of any size and shape.