Do you want to make a difference in the lives of those individuals who benefit from the Masonic Charities of The Grand Lodge of Free and Accepted Masons of Pennsylvania? If so, you may wish to consider a charitable bequest.
Why a Bequest?
A charitable bequest is a method for Masons and friends to perpetuate their interest in Masonic Charities.
Your Will can be drafted to leave either a specific gift or a percentage of your estate to a Masonic Charity. A specific gift can be a dollar amount, a particular piece of real estate or personal property. A residuary gift is either a specific percentage of your estate or it can by the remainder of your estate after you have provided for your family, church, college, Blue Lodge or other such charitable organizations which are important to you.
More complex bequests can involve the creation of trusts providing financial security for one or more loved ones during their lifetime and later for the Masonic Charity(ies) of your choice.
Where should you start?
We suggest you begin by determining the Masonic Charity(ies) you wish to remember. You may choose from any or all of the following: the Masonic Homes at Elizabethtown; the Eastern Star Home - East or West; The Pennsylvania Masonic Foundation for Children; the Pennsylvania Youth Foundation; The Masonic Library and Museum of Pennsylvania.
You should then make an appointment with your attorney. Your attorney will advise you whether you can give to Masonic Charity(ies) simply by adding an admendment known as a Codicil to your Will or whether it would by better to draft an entirely new Will.
While your attorney will be able to provide you with the exact wording for your gift, the following suggestions may be helpful. Simply insert the proper name for the specific Masonic Charity(ies) you wish to remember in the appropriate blanks.
Devise of Real Estate: I give and devise unto the _________________________ and its successors, whose address is One North Broad Street, Philadelphia, Pennsylvania 19107, free and clear of all death taxes, ALL THAT CERTAIN lot or piece of ground with the improvements thereon erected situate and known as (here fully describe the real estate). I direct that the said real estate and the proceeds derived form the sale thereof shall be used and applied for the purpose of the _____________________________.
Bequests of Personal Property: I give and devise unto the _________________________ and its successors, whose address is One North Broad Street, Philadelphia, Pennsylvania 19107, the sum of $ __________ free of all death taxes.
Bequests and Devise of Residuary Estate: The rest, residue, and remainder of my estate, real or personal, of every nature and whatsoever situate, free of all death taxes, I give, devise, and bequeath unto _________________________ and its successors, whose address is One North Broad Street, Philadelphia, Pennsylvania 19107.
Are there Other Giving Opportunities?
Yes. Depending on your personal circumstances, you may wish to consider an outright gift of cash, securities, real or personal property, or life insurance. You may find the benefits offered by a charitable gift annuity, pooled income fund, or charitable remainder trust compelling. Such methods typically offer a life income for up to two persons and can provide welcome savings in taxes.
To learn more about charitable bequests and other methods of giving, please call the Development Office at the Masonic Homes at (717) 367-1121, extension 33311 or (800) 599-6454.
The official registration and financial information for each of the Masonic Charities may be obtained from the Pennsylvania Department of State by calling toll free, within Pennsylvania, 1-800-732-0999. Registration does not imply endorsement.