Types of Gifts
Gifts of Cash
Outright cash gifts are the easiest and most convenient way to make an immediate impact through the Michigan Masonic Charitable Foundation. Cash gifts can be made with cash, check or via credit card or automatic bank withdrawal. You can mail your gift, make it in person in our offices, or use our secure online giving app.
Gifts of cash can also be deferred until you or your loved ones pass away through naming the Foundation as the recipient of a bequest in your will or estate plans, or by designating a bank or retirement account to be payable to the Foundation upon death. You can also use gifts of cash to fund a charitable gift annuity, a charitable remainder trust, or a charitable lead trust.
If you itemize on your federal taxes, your gift of cash may provide a benefit through a charitable tax deduction.
A gift of closely-held appreciated securities is a great way to support the Michigan Masonic Charitable Foundation. Securities or mutual funds that have increased in value and that you’ve held for at least a year can be transferred or given directly to the Foundation. All you have to do is simply instruct your broker to transfer your securities to the Foundation (contact us if you have the physical securities so we can help you handle the transfer), which you can do at any time or with an order to transfer upon your passing. Your gifts of securities will help you reduce or avoid any capital gains taxes on the transfer, and you may also realize income tax savings through a charitable deduction on the appreciated value of the securities.
Securities can also be given through a will, estate plans or through a living trust, or can be used to fund a charitable gift annuity or a charitable remainder trust, which could result in greater returns than you were seeing through the securities themselves while still helping benefit your fellow Masons and our communities. Securities are also commonly used to fund charitable lead trusts, which could result in a tax-free transfer to your loved ones after you pass.
A gift of real estate is an exceptionally generous way to greatly support the Foundation without ever having to take a dime out of your pocket. There are many different ways that a gift of real estate can make your giving dreams a reality as well as continue to provide security for your family and loved ones. The acceptance of gifts of real estate must be approved by the Foundation’s Board of Trustees, so if your giving goals does include real property, please contact us (and your estate attorney or advisor) immediately so we can ensure that your gift will have the maximum impact.
Gifts In Kind
A gift-in-kind is a gift of tangible personal property, such as rare collectibles, valuable art or books, vehicles, or other personal property. If you have items that you wish to donate, please contact the Foundation immediately so we can work with you on turning those beloved items into a powerful impact.