Part 84

Earl E. Ihle, Jr., 33°
Director of Major Gifts
1733 Sixteenth St., Washington, DC 20009–3103
Tel. 202-232-3579, Ext. 143, Fax 202-387-1843
Or call 800-486-3331, Ext. 143
eihle@srmason-sj.org

Thomas M. Boles, 33°, G.C.
Co-Chairman of the
Subcommittee on Development
1761 East Woodcrest Avenue
La Habra, California 90631-3260
Tel . 562-691-4227; Fax 562-691-5327

The Scottish Rite Foundation Gift Annuity Program guarantees a high lifetime return.

 8.4% FIXED PAYMENTS FOR LIFE!
AND IT'S TAX ADVANTAGED!

Sounds too good to be true? Believe it! With a minimum gift of $5,000, the Scottish Rite Foundation Charitable Gift Annuity Program will provide fixed payments for life that (in most cases) is partially tax free and provides a tax deduction for the donor.

The Scottish Rite Foundation Charitable Gift Annuity is also a great vehicle for an appreciated asset such as stock. In most cases you will reduce the capital gains tax and still receive a tax deduction. The annuity amount is a fixed amount and will not change, regardless of market conditions. So what exactly is a Gift Annuity? A Gift Annuity, also known as a "Charitable Gift Annuity or CGA," is a CONTRACT (NOT a "trust"), under which the Scottish Rite Foundation, Southern Jurisdiction, in return for a transfer of cash, marketable securities or other property, agrees to pay a fixed sum of money (payments) for a period measured only by one or two lives (not a term of years).

A person who receives payments is called an "annuitant." The fixed payments (called the "annuity") are fixed and unchanged for the term of the contract. The annuity payments are NOT called "income," for a portion of the payments are considered to be a partial tax-free return of the donor's gift, which are spread "ratably" (in equal payments) over the life expectancy of the annuitant(s).

The contributed property (the gift), given irrevocably, becomes a part of the charity's assets, and the payments are a general obligation of the Scottish Rite Foundation. The annuity is backed by the Scottish Rite Foundation's entire assets, not just by the property contributed. Unlike a trust, annuity payments continue for the life/lives of the annuitant(s) and not ONLY as long as assets remain in the Gift Annuity Fund.

The fixed rate (for life) for a:
60 year old is 6.4%
70 year old is 7.2%
80 year old is 8.9%
90 year old is 12.0%

With lower CD and other interest rates, the Scottish Rite Foundation offers an extremely interesting income and tax-planning tool. How much of a tax deduction did your CD provide last year? And how much of it was tax-free?

Please call our Development Office for a detailed analysis of the Scottish Rite Foundation Charitable Gift Annuity Program. The donor has the ability to name a local Scottish Rite Foundation as the remainder beneficiary. It is our sincere wish to accomplish the best results for our donors. This new program is in addition to the offer of a free Comprehensive Estate and Financial Review, the Scottish Rite Foundation Pooled Income Funds, and the availability of our network of estate attorneys and financial consultants.

The Scottish Rite Donor Recognition Program is growing, and, once again, we want to thank all the Brethren and our friends for supporting Scottish Rite Foundations, local and national, so we can continue to help America's children.

Bro. Robert W. Sitton, 32°, Valley of Baltimore, contributed to this month's article on the Scottish Rite Foundation Charitable Gift Annuity Program. Bro. Robert is a Divisional Senior Vice President, Senior Portfolio Manager, with PaineWebber. PaineWebber assists in the management of the Scottish Rite Foundation Charitable Gift Annuity Program.
Please Note: This information is distributed with the understanding that the authors are not engaged in rendering legal, accounting, or other professional service. If legal advice or other expertise is required, the services of a competent professional should be sought. From: A Declaration of Principles jointly adopted by a Committee of the American Bar Association and a Committee of Publishers.
To learn more about the Scottish Rite Pooled Income Fund, click here. For a chart illustrating Scottish Rite Foundation, S.J., USA, Charitable Gift Annuity Rates–Single Life, please click here.

Scottish Rite Foundations, Southern Jurisdiction Pledge Form

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Please print out and mail in the form below. Thank you.

Scottish Rite Foundations, Southern Jurisdiction Pledge Agreement

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Ill. Thomas M. Boles, 33°, G.C. (left in photo) has worked extensively in fund-raising for children's programs throughout our Fraternity. For more information on planned giving, call Bro. Tom at 562–691–4227 (Fax 562–691–5327) or the Scottish Rite Foundation, Southern Jurisdiction, U.S.A., at 202–232–3579, ext. 143.

Ill. Earl E. Ihle, Jr., 33°, is our development team's Director of Major Gifts. He has been a member of the Fraternity for 25 years and served in 1978 as Master of Lafayette Lodge, No. 111, Baltimore, Maryland. He is also a member of Boumi Shrine Temple in Baltimore, the York Rite, and a dual member of the Scottish Rite Valleys of Baltimore and Washington, D.C. You can reach Bro. Ihle toll free at 1–800–486–3331, ext. 143.