Planned Gifts

Planned gifts, also known as legacy gifts, are the result of financial planning often involving a future estate. These gifts include bequests in wills, trusts, life insurance, personal property, and annuities. Planned gifts allow you to manage your estate more efficiently while offering you the opportunity to provide for a beneficiary and give to a charitable cause.

A planned gift can benefit both you and Scottish Rite charities. Our philanthropic endeavors include the RiteCare Scottish Rite Childhood Language Program (SRCLP), disaster relief, scholarship programs, and the historic preservation and enhancement of the House of the Temple, including its museums and libraries.

By making a planned gift to the Scottish Rite Foundation, SJ, USA, Inc., the House of the Temple Historic Preservation Foundation, Inc., or your local Scottish Rite foundation we will honor you as a member of the Scottish Rite’s Intendant of the Building Society. As a member you will receive a certificate, a lapel pin, a necktie for brothers and a scarf for their spouse, and all the special privileges provided to Society members.

For more information on these giving opportunities, contact Matthew Szramoski, Director of Development, at mszramoski@scottishrite.org or 202–777–3143.

Choosing a Gift Plan*

*This chart is for illustrative purposes only and should not be considered financial or legal advice. Always consult your tax advisor before making a decision.

Gift Type Income to Donor Payment of Income Taxation of Income Benefit to Donor Value to the Foundation
1.
Bequest in Will
None None None Provides estate distributions as desired.Avoids estate & inheritance taxes. Benefit payable to Foundation.
2.
Life Insurance
None None None Tax deduction on premiums paid, dividends assigned.Avoids probate & estate taxes. Benefit payable to Foundation.
3.
Retirement Plan
None None None Avoids estate & inheritance taxes.Avoids income tax. Proceeds payable to Foundation.
4.
Appreciated Property
None None None Tax deductible on value of gift.Avoids capital gains tax. Immediate receipt of property, e.g. stocks & security
5.
Pooled Income Fund
Variable income from principal Quarterly Annual income reportable Initial tax deduction on gift portion.No initial capital gains tax.Avoids probate & estate taxes. Foundation receives principal at death.
6.
Charitable Gift Annuity
Fixed percent based on actuarial tables Quarterly Small portion of income reportable Initial tax deduction on gift portion.
Substantial tax exemptions on income payments.
Reduced capital gains tax.
Guaranteed retirement income.
Foundation receives principal at death.
7. Charitable Remainder Annuity Trust Fixed income based on initial value of trust Quarterly Income & capital gains reportable Initial tax deduction on gift portion.
Deferred or spread out capital gains tax.
Avoids probate & estate taxes.
Foundation receives principal at death.
8. Charitable Remainder Unitrust Variable income based on annual value of trust Quarterly Income & capital gains reportable Initial tax deduction on gift portion.
Deferred or spread out capital gains tax.
Avoids probate & estate taxes.
Foundation receives principal at death.
9. Charitable Lead Trust None None None Annual tax deduction on income to Foundation.
Reduction in gift & estate tax.
Principal to donor’s heirs at end of trust term.
Foundation receives annual income for duration of trust.
  • If you want no income, choose from plans 1, 2, 3, 4, & 9.
  • If you want a fixed income, choose from plans 6 & 7.
  • If you want a variable income (according to current economy), choose from plans 5 & 8.