Year-end is a popular time when many persons consider malting contributions to further the work of the Masonic Homes. If you have a choice, it's usually better to give appreciated stock than to give cash. Here's why: You receive an income tax deduction for the appreciated value, not just what you paid for the stock in the first place. In addition, because the Masonic Homes is a qualified charitable organization, it will be able to sell the stock and bypass any tax on the appreciation. A Win for you; a win for Masonic Homes.
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Cons ider the case of Bro. Bill who is planning to give the Masonic Homes $5,000. If he writes a check for this amount, it will cost him $5,000. Let's assume, however, that Bro. Bill has stock worth $100 per share that he bought years ago for only $10 a share. If he gives 50 shares of this stock directly to Masonic Homes, Lhe gift value will be $5,000, not the $500 he paid for these shares originally. In other words, his $5,000 gift Will cost him only $500! There are, of course, a few rules. First, you must have owned the stock for at least a yeru· and a day prior to making the gift. Second, the value of 1Jle gift is determined by the stock's average trading p1ice on the day the gift 1s made. Third, the resulting chalitable contribution deduction from Federal income tax can be applied, on an itemized return, up to 30 percent of your adjusted gross income, whereas a cash gift is deductible to 50 percent. Fourth, if you are unable to use the full deduction in the year of the gift, you have an additional five years to use it. As we enter the Holiday Season, you may want to consider the benefits of giving stock Depending on your circtm1stances, a gift of appreciated stock can be an excellent way to stretch yom giving power while making an important difference in the lives of those who have entmsted their cru·e to the Masonic Ilornes. We encourage you to discuss this matter with your financial advisor.
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You can also find out more about this subject - and other II I Dear Friends at Masonic Homes: year-end giving opportunities at I the Masonic Homes by contact- j r.l Send information about making a gift of stock to Masonic Homes. ing the Development Office at 1 I (717) 367-1121, ext. 33311 or I1 0 Send me information about Charitable Gift Annuities. (800) 599-6454, or by completing I Q Contact me to arrange a personal visit. and returning the handy coupon I at right. We are here to help you I1 0 I have included a provision for the Masonic Homes in I my will. I in ru1y way we can. I I
Name Address
City
State, Zip Phone
MAILnus FORM TO: Development Office
John R. Mcfadden, Planned Giving Officer Masonic Homes One Masonic Drive Elizabethtown, PA 17022 ......._....._..~---....·-------
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