About the CUMC Foundation
The Canterbury United Methodist Foundation gives you the opportunity to serve future generations, making a difference in the lives of your children and your children’s children. The gift you make today will have an impact tomorrow.
Frequently Asked Questions
Canterbury uses regular gifts to support various ministries within a one-year period while the foundation uses its gifts to provide ministry support over a long-term period.
The foundation manages its funds in such a way that it uses only a portion of the investment return — the corpus is not invaded. All monies given are in perpetuity, and your contribution can live on in endless duration to benefit the church and the needs of others.
Both result in the same tax advantage to the donor, but gifts to the church are used for short-term ministry needs, while gifts to the foundation continue to give through the investment returns they produce. The foundation provides the mechanism and the security to accomplish the church's mission work over the long run.
Yes. Generally gifts to the foundation are tax-deductible. You should consult your accountant for details.
Certain funds already have a specified direction. If you would like to make an undesignated gift, or contribute to an area that is not covered by one of the foundation's existing funds, please contact the church directly, and we will be happy to talk with you about it.
If you have already made a bequest to the foundation, but have not yet notified the church, please contact Rev. Dale Cohen or Rev. Warren Nash to let them know of your arrangements.
Planned gifts to the foundation include:
Lifetime Trusts and Gift Annuities
These include certain income-producing trusts established during your life as well as gift annuities.
Will Appointment or Estate Bequest
Examples of this type of gift include a bequest for a specific dollar amount to Canterbury United Methodist Foundation; a bequest of specific assets, such as securities, home and other residential or commercial property; or a bequest as a percentage of your estate.
A bequest of all the residue of your estate to the Canterbury United Methodist Foundation after specific bequests to others, debts, taxes, and estate expenses have been paid, or a bequest of a certain percentage of the residue of the estate.
IRA or Other Retirement Accounts
Naming the foundation as beneficiary of your IRA and similar accounts may have advantages in those instances where the undistributed portion will be taxed both in your estate and in your income tax return.
Bequest to Charitable Remainder Trust
One or more named beneficiaries receive income from a trust established under your will. Upon the death of the last surviving beneficiary, all or part of the principal passes to the Canterbury United Methodist Foundation.
A gift of a life insurance policy with the Canterbury United Methodist Foundation named as both owner and beneficiary. Your payments of the annual premium qualify as a charitable gift.
The foundation was first established in 1991 for supporters of Canterbury United Methodist Church who wished to create an endowed fund or make some other form of deferred gift in their estate plans that would eventually benefit the vision and mission of the church. Since that time, a number of Canterbury members have made deferred-gift contributions to the foundation. We have a better church today because of this foundation.