The PENNSYLVANIA Many people own appreciated stock - stock that has risen in value over time. For example, Stan has a stock account with a well-known brokerage company. One of his stocks has grown from S15 a share to $7 5 a share over the past few years. If he asked his broker to sell the stock he would owe tax on the $60 of appreciation for each share that was sold. However, if Stan gave the stock to Masonic Homes, he would avoid this tax on the appreciation and receive, instead, an income tax deduction on the full value of the stock. What's more, because Masonic Homes is a qualified charitable organization, it could sell the stock and avoid any tax on the appreciation. A win for Stan; a win for Masonic Homes. Let's say Stan decided to give 100 shares of this stock as a year-end gift to Masonic Homes. In malting the gift, he would obtain a charitable income tax deduction of $7,500, even though he only paid S1,500 for these shares originally. If he happens to be in the 31 percent tax bracket and claims the deduction on his itemized tax return, he could possibly save $2,325 in taxes -- more than he paid for the stock in the first place! Historically, year-end is a popular time for making stock gifts. In fact, most stocl{ gifts occur dur-
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ing the fourth quarter of the year. Many thought· ful donors review their stock portfolio and select those stocks which have appreciated the most and which have been held for more than a year. These donors give stock instead of cash because they have discovered the value, and enjoyment, of stretching their giving power by giving the appreciation. And, after all, the more they can prudently give to help the worthy efforts of Masonic Homes, the better they feel.
VOLUME XLIV
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FREEMASON NOVEMBER 1997
NUMBER 4
E'-l((/1 to ~ t~le,«ica Page 3
DECEMBER
Have you ever considered malting a gift of appreciated stock to Masonic Homes? It may be better for you than malting a gift of cash. To learn more about this, you may want to talk with your financial advisor.
QUARTERLY AND ANNUAL GRAND COMMUNICATION INFORMATION AND COUPONS
You can also contact Fred D. Rissinger, Director of Development or john R. McFadden, Planned Giving Officer in the Development Office at the Masonic Homes. They are delighted to help friends of the Masonic Homes mal{e tax wise gifts. Why not call them today? You can reach them by calling 800-599-6454.
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Dear Friends at Masonic Homes:
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Please send me free literature about giving appreciated securities to Masonic Homes.
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MAlL THIS FORM TO: DEVELOPMENT OFFICE Masonic Homes One Masonic Drive Elizabethtown, PA 17022