A gift that ensures a child with a language disorder receives the therapy he or she needs is a gift of a lifetime.
Gifts of Cash
A cash gift is the simplest and most convenient way of making a charitable gift.
Tax benefits are available for gifts of cash if you itemize deductions on your Federal income tax return. Your actual tax savings from gifts of cash depends on your tax bracket. Contributions made by December 31 of each year are deductible on your Federal tax return for that year. You may generally deduct up to 50 percent of your adjusted gross income in any one year. Deduction amounts exceeding this limit may be carried forward for up to five additional years.
Click the Donate button below to donate now using Paypal. Paypal will allow you to use major credit cards.
Gifts of Securities
Gifts of appreciated stocks, bonds or shares of mutual funds are an excellent way to help the Scottish Rite Clinic. Gifts are deductible at the fair market value according to the limits provided by law. Gifts of appreciated securities also relieve you of the liability of capital gains tax on the sale of the securities.
Gifts Made Through Your Will
Giving through your will can leave a lasting legacy that will benefit the Scottish Rite Clinic and the children and families it serves. After providing for your loved ones, you may decide to give a specific amount, a percentage of your estate, or all or part of what remains. Your attorney can help you make arrangements.
Charitable Remainder Annuity Trust
A charitable remainder annuity trust is created when you irrevocably transfer cash, securities or a combination of both to a trust. For the rest of your life and/or the life of another beneficiary, the trust pays a fixed income. At the end of the beneficiaries' lives, the remaining trust assets become the property of the Scottish Rite Foundation. If you itemize deductions, a charitable deduction is available in the year the trust is created. Property given to the trust is effectively removed from your estate for Federal estate tax purposes.
Gifts of Real Estate
If you own a home or property that you no longer wish to occupy or manage, and you would like to make a charitable gift to support the Scottish Rite Clinic, you may wish to give a gift of real estate. Through the gift of property, a double tax savings is possible. In most cases you will receive a charitable income tax deduction for the full value of the property. In addition, since the property was given, not sold, you will not be liable for capital gains tax on the transfer.
Gifts of Life Insurance
A gift of life insurance makes a good gift if you no longer need the insurance assets for your family's security. You can give existing policies or assign proceeds to be paid in full or in part to the Scottish Rite Foundation.
Gifts of Retirement Plans
Giving through retirement plans such as IRAs or another type of pension and profit sharing plan is an idea gaining popularity. Because these plans are subject to estate tax at the time of your death, in addition to an income tax when received by your heirs, many people are considering using these assets to fund charitable gifts.
The Scottish Rite Foundation was established in 1981 by the Scottish Rite Freemasons. The Foundation is governed by an independent board of directors and does not have any paid employees. All gifts to the Foundation qualify as tax-exempt charitable contributions under both Federal and State of Minnesota laws.
For more information about making gift to the Scottish Rite Foundation, contact us at 218.720.3911.