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Williamsburg Landing Continuing Care Tr

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Nonprofit Overview

Causes: Human Services

Mission: Williamsburg landing's continuing care program is funded by a continuing care trust intended to provide a secure predictable financial future for residents, regardless of future financial needs. (see schedule o)in exchange for a monthly fee, the program provides benefits for each level of care in woodhaven (our health care facility) to supplement the cost of higher levels of care.

Programs: The trust was established in may of 1997 from an earlier program developed by an insurance company. Resident fees are deposited into the fund and benefits paid out are requested from the trust. The program was closed to new participants at the end of 2007. Funds in trust may only be used to pay benefits and related costs to maintain the trust and are not available for corporate purposes. The continuing care trust is held by a third party trustee with oversight by the williamsburg landing board of directors.

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