Cornerstone Program of the Masonic Home of Virginia

Part of the mission of the Home is to insure that every eligible Virginia Mason and his wife or widow receive the opportunity to join our caring community, regardless of their financial circumstances.  For those applicants whose financial abilities may limit their ability to pay for the services provided, the Cornerstone Program provides financial relief.

Through this program, life care is provided by the Home to an eligible Mason, his wife or widow, in exchange for seventy-five percent (75%) of his/her income and assets, plus the transfer of his/her life insurance policies and real estate.  Life care means just that…. All CARE …  food, housing, medical and otherwise, for LIFE.    

Since Virginia Masons provide this funding through their tax-deductible gifts, participants must meet certain Masonic membership requirements.  

ELIGIBILITY REQUIREMENTS

In addition to meeting the Home’s health and medical qualifications, the applicant must meet ONE of the following Masonic relationships:

·        A Master Mason who has reached the age of 65 and has been a member of the Fraternity for ten years, including the past five years as a member of a Virginia lodge affiliated with the Grand Lodge of Virginia A.F. & A.M.

·        The wife of a Master Mason who meets the above qualifications, has reached the age of 62 and has been married at least five years prior to her application.

·        The widow of a qualifying Master Mason who has reached the age of 62, was married to the Master Mason at least five years preceding his death, and has not remarried.

This program is available only for residents of our apartment-style units.  It is not available for residents of the independent living cottages located in our Masonic Village.

THE PROCESS 

·        Applicant agrees to transfer 75% of all current and future income to the Home

·        Applicant transfers 75% of personal property and other assets to the Home

·        Applicant transfers 100% of all real estate to the Masonic Home

·        Applicant signs over all life insurance policies to the Home

THE RESULT

·        The Masonic Home provides room, meals and all care FOR LIFE.  If the resident’s health later requires a transfer to the Care Center , the resident will at that time transfer a portion of their remaining assets to the Masonic Home.

·        The new resident will retain and can freely use all income and assets not transferred to the Home.