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Director of Development 1761 East Woodcrest Avenue La Habra, California 90631-3260 Tel . 562-691-4227; Fax 562-691-5327 |
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 council@srmason-sj.org |
The Scottish Rite Foundation, Southern
Jurisdiction, recently completed the third printing of our brochure,
"A Circle from Childhood to Childhood" (photo right).
This brochure explains the basic guidelines to planned giving
and is provided upon request, at no charge. The development office
updated the information to provide the most current information
on planned giving. In the brochure, you will find a brief history
of Scottish Rite Masonry. Information about the Scottish Rite
Foundation, Southern Jurisdiction, is also included. A description
of our Pooled Income Fund and Charitable Gift Annuity Program
is provided to present the benefits of these programs. The corporate
name, address, and tax identification number of the Scottish Rite
Foundation is listed for your convenience in preparing a gift
to the foundation. The corporate name of the Foundation is:
Scottish Rite Foundation,
Southern Jurisdiction, U.S.A., Inc.
1733 Sixteenth St., N.W.
Washington, D.C. 20009–3199
Federal Tax Identification
#52-6054737
The Charitable Remainder Annuity Trust and the Charitable Remainder Unitrust are widely utilized forms of making a gift to the Scottish Rite Foundation. These charitable remainder trusts are reviewed in our updated brochure. The Charitable Remainder Annuity Trust is an irrevocable trust, which produces an income for a donor or other beneficiary for a determined time or until the donor's death. The donor is allowed to claim a tax deduction for the estimated portion of the assets that will ultimately go the Scottish Rite Foundation. People who want to give real estate commonly use Charitable Remainder Annuity Trusts.
The Charitable Remainder Unitrust is also an irrevocable trust, which will become, ultimately, the property of the Scottish Rite Foundation. Meanwhile, a basic Unitrust agreement allows the donor to receive one or more yearly payments based on a fixed percentage of the asset's value. A charitable deduction, which is determined by the age of the donor, the selected rate of return, and the payment frequency, can be claimed in the year the trust is established.
You will find information in this brochure on making a bequest through a will as well as how to donate life insurance. A bequest is the most common and simplest form of planned giving. A bequest is a gift of property made through a donor's will. The obvious advantage of this form of giving is that donors do not have to part with funds or assets while they are living and will not owe any estate tax on the amount of the bequest.
A gift of life insurance is a worthwhile option for some donors because it allows them to make a gift of a previously acquired policy that is no longer needed. An existing policy can be given to the Scottish Rite Foundation by assigning all rights of ownership to the Foundation, making it the owner and the beneficiary.
Finally, the brochure provides a chart on choosing a gift plan. This chart is an excellent tool to review the basics of choosing a gift plan. It covers seven types of gifts:
1. Bequests in Wills
2. Life Insurance Policies
3. Gifts of Stocks and Securities
4. The Scottish Rite Foundation Pooled Income Fund
5. The Scottish Rite Foundation Charitable Gift Annuity Program
6. Charitable Remainder Annuity Trusts
7. Charitable Remainder Unitrusts.
The chart outlines the income to the donor, the payment schedule, the taxation of income, benefits to the donor, and the value to the Scottish Rite Foundation.
One of the basic rules in planned giving is to remember to take care of your personal financial needs and those of your family first before making any planned giving commitments. While we welcome gifts to our Foundations, we want the best results for our donors. It is our goal to provide Scottish Rite members and friends with the most current and accurate information on estate planning. We always recommend using your own attorney or accountant for advice before making any financial decisions. We want to thank all previous donors and to let everyone know that our Scottish Rite Donor Recognition Program continues to grow. Your contribution greatly assists our many charitable endeavors. Let us continue helping America's children through the Scottish Rite Childhood Language Disorders Programs and Scottish Rite Scholarships.
If you would like to receive a free copy of our brochure, "A
Circle from Childhood to Childhood," please contact our development
office at 1–800–486–3331, ext. 143.
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.
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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. |