Gift Giving
Imagine making someone’s retirement lifestyle more comfortable and getting a TAX DEDUCTION and possibly even receiving INCOME for LIFE.
The Masonic Home exists because Masons and other donors GIVE.
There are many ways to give. Below are listed but a few opportunities. If you are not sure how you may wish to give, email us at gifts@mahova.com. Or, call us toll-free at 1-800-262-4644, extension 77223.
OUTRIGHT GIFTS
The following are some examples of the easiest ways to simply place into our hands funds or assets that can immediately help others.
GIFTS of CASH
Checks should be made payable to the "Masonic Home of Virginia, Inc."
GIFTS by CREDIT CARD or BANK DEBIT
Donations may be charged to a credit card or may be made by a direct debit to the donor's bank account. Such gifts may be one-time or may be established on an ongoing, monthly basis.
Gifts of appreciated stocks, bonds, or mutual funds can provide special tax advantages. These include a charitable deduction for the full fair market value of the gift and avoidance of capital gains taxes.
GIFTS of REAL ESTATE
Gifts of homes, farms, and other real property can receive the same tax treatment as gifts of appreciated securities. If property has appreciated over time, its sale may result in a substantial amount of capital gains taxes being due.
MEMORIAL OR TRIBUTE GIFTS
Any gift may be designated in memory or honor of a friend or loved one. The family of the deceased, or person honored, will be notified by the Home of such gifts.
CORPORATE MATCHING GIFTS
Donors may be able to multiply the value of gifts by participating in a matching gift program provided through an employer or by a corporate board membership. Companies may match charitable contributions at a one to one, or even a three to one ratio. Your employer's personnel office can provide you information and forms to take advantage of this unique leveraging opportunity. Gifts from retirees and spouses may also qualify for a match. There is a simple rule for donors who are not sure whether their employer matches charitable gifts - "when in doubt...ask!"
UNITED WAY GIFTS
The Masonic Home is listed as a registered charity with
several
Therefore, Masons should send the Masonic Home a copy of their donor or pledge card, so that the gift will be recorded in their name, to credit both the donor and their lodge.
Central Virginia Area
Combined Federal Campaign #36064
Local Gov't & Schools #259
United Way Services #3126
Combined Federal Campaign #36064
Virginia Peninsula Local #6205
Potomac
Combined Federal Campaign #36064
South Hampton Roads
Combined Federal Campaign #36064
National Capital Area
Combined Federal Campaign #36064
Rappahannock United Way
Local Government Campaign #8034
United Way of Roanoke Valley #0313
United Way of Montgomery, Radford
& Floyd #27151
PLANNED OR DEFERRED GIFTS
Another popular series of choices is what is commonly referred to as "planned gifts." In these cases, the donor makes plans today to create funds for the Home to use in the future. This builds a legacy of care at our Home, allowing the donor's generosity to be felt long after he or she is no longer with us.
BEQUEST by WILL or LIVING TRUST
The most common form of deferred or planned gift is a charitable bequest. A will or living trust is a very personal matter and should be prepared with an attorney. The following language is an example of how a bequest may be worded:
I give, devise and bequeath to the Masonic Home of Virginia, located at 500 Masonic Lane, Richmond, Virginia, _______ percent of my estate (or $______ or other personal or real property appropriately described) to be designated to the New Century Fund.
RETAINED LIFE ESTATE
A Donor may generate a current income tax deduction by giving a home or farm to the Masonic Home, while retaining the right to occupy, rent or otherwise use the property during the Donor’s lifetime. The property will also be removed from the donor’s taxable estate.
GIFTS of INSURANCE
A Donor may name the Masonic Home of Virginia as beneficiary of a life insurance policy. If the Home is named both the sole owner and the beneficiary, the contributor is eligible to receive an immediate charitable deduction for the policy's fair market value or the net premiums paid, whichever is less. Additional premiums paid may also be tax deductible.
RETIREMENT PLAN GIFTS
Designation of the Masonic Home as primary or contingent (after a spouse) beneficiary of a private pension fund (e.g., IRA, SEP, 401(k), profit sharing plan) can result in the most "tax wise" testamentary gift possible. This is because retirement accounts are subject to taxes that other estate assets may avoid. A Donor may simply designate the Masonic Home of Virginia as beneficiary on the plan's "Beneficiary Designation" form.
LIFE INCOME GIFTS
By establishing a life income gift, the Donor receives an immediate tax deduction, subject to his/her personal limitations, equal to the fair market value of the cash or assets donated, less an IRS-approved calculation of the benefits that the donor will receive in the future. Specific examples follow:
GIFT ANNUITY: Donor writes a check or transfers stocks or securities to the Home, signing an annuity agreement in which the Home agrees to pay Donor an annual fixed dollar amount for life. Donor receives an immediate income tax deduction.
UNITRUST: Donor writes a check or transfers stocks or securities to a trust, naming the Home as the charitable beneficiary. Donor receives a tax deduction and lifetime income equal to an agreed upon, fixed percentage of the annual value of the trust.
ANNUITY TRUST: Donor writes a check or transfers stocks or securities to an annuity trust, naming the Home as the charitable beneficiary. Donor receives an immediate tax deduction and income for life, of a fixed dollar amount per year.
This information is provided for general information purposes only. Specific information should be obtained from your attorney or financial advisor.
Specific Detailed Proposals are Available
Confidential proposals detailing the specifics for any donor can be obtained by emailing gifts@mahova.com.
PLEASE NOTE: The Masonic Home
of Virginia is supported by Virginia Masons. As such, this website is NOT intended as
a solicitation of gifts from residents of other states. Further, while the Masonic Home of
Virginia will accept gift annuity arrangements from
The Philanthropy Protection Act of 1995
This Act requires the Home, as a charity, to notify all potential donors to a Gift Annuity Fund at the time of the solicitation information as outlined below:
Per any gift annuity agreement, guaranteed payments of the amount indicated will be made to the named annuitant(s) for life.
These payments are a general obligation of our organization, and they are backed by all of our assets. At May 1, 2009 our total invested funds exceeded $55 million in market value. These funds are invested in various investments such as stocks, bonds, money market and mutual funds. In addition to the Finance Committee of our Board, the Home has under contract an external investment analyst who assists in providing investment oversight and advice. The Masonic Home of Virginia was established in 1890. Responsibility for governing the organization is vested in a Board composed of Virginia Masons who are either appointed by the Grand Master or who serve by virtue of their Masonic office.
Common investment funds managed by our organization are exempt from registration requirements of the federal securities laws, pursuant to the exemption for collective investment funds and similar funds maintained by charitable organizations under the Philanthropy Protection Act of 1995 (P.L. 104-62). The above information in this website is provided to you in accordance with the requirements of that Act. We would be pleased to provide any additional information at your request.
This information is provided for general information purposes only. Specific information should be obtained from your attorney or financial advisor.
Donor Recognition
The Masonic Home recognizes in writing every gift received. For gifts of certain amounts, additional recognition is made. For more information on the levels of Donor Recognition, see the following web page: http://www.mahova.com/DonorRecognition.html.
Help us Now
To make a contribution now to the Masonic Home of Virginia, please send your check to:
Masonic Home of Virginia
P.O. Box
Henrico ,
Toll-free in Virginia-800-262-4644
Or (804) 222-1694
Fax: (804) 226-4567
To request additional information about any of the development programs, please email us at gifts@mahova.com. Please include your complete mailing address so that we may send supplemental materials to you.
