net profit is then deposited in the Scottish Rite Foundation and a distribution
to the designated charity is usually made
within 4–6 weeks.
We have had brethren, and in some cases, widows, donate property that ranged
as low in value as $5,000 to the high six
figures. In most cases, the tax deduction
for the full appraisal was higher than the
property’s selling price. Thus, the donor
benefitted more from making the gift than
he would have by selling it outright.
In addition to homes and vacant
properties, the Development Office will
consider gifts of commercial, industrial,
agricultural, and manufacturing properties. Gifts of these types may require
a more thorough discussion to ensure
they meet gift acceptance policies but
provide many tax benefits to the donor. If you are in a situation where you
are looking at disposing of this type of
property, please contact our office for
All discussions with the Development
Office are strictly confidential and intended to provide information to assist the donor in making a decision. We encourage
you to discuss any gift with your accountant/financial/legal advisor and family.
Our office is here to assist you when needed in making the best financial decision
to benefit our charities and your personal
situation. Would you consider making
that old house a contribution to support
our house-Scottish Rite charities?
This example is for illustrative purposes only and should not be considered financial or legal advice. Please consult your accountant/financial/legal advisor and family.
† For property valued under $5,000, a qualified appraisal is not necessary.
Property Donation Example*
Let’s assume you purchased
a home some time back for
You get an appraisal† and
donate the property to the
Scottish Rite Foundation.
You make some minor
improvements, and it has
increased in (appraised)
value today to $100,000.
The donor would get a
$100,000 tax deduction
that could be spread over
100% of the donation goes
to a 501(c)( 3) approved
charity for your maximum
The full appraisal value can
be deducted from your taxes
and be carried backwards or
forwards for other tax years
in many cases.
INTERESTED IN MAKING A DIFFERENCE?
Please donate your unused or gently used items to us! The House of the Temple
in Washington, DC, can re-purpose them as part of our the Scottish Rite Friends
Dinners & Auctions. The money raised from these events directly supports the
RiteCare Scottish Rite Childhood Language Program, and all donations are
Items We Accept: Collectable Coins; Jewelry; Historical Masonic Items; and
Antiques. Items We Do Not Accept: Clothing; Magazines; and Books.
For More Information: Please contact Caitlyn Kent at 202–777–3111 or Matt
Szramoski at 202–777–3143.