Nebraska Masonic Foundation

The Nebraska Masonic Foundation is a tax-exempt nonprofit organization under the Internal Revenue Code (IRC) 501c(3), established in 1985 by a group of Masons. It functions primarily as a charitable entity dedicated to supporting Masonic-related causes.

History and Purpose

Formed to fulfill various charitable and fraternal purposes, the Nebraska Masonic Foundation supports Masonic activities and initiatives within the state. It operates as part of the broader Masonic community in Nebraska, fostering charitable works that align with Masonic values.

Financial Operations

As of recent financial reports, the Nebraska Masonic Foundation derives the majority of its revenue from contributions, with minimal income from investments. Contributions account for approximately 99.1% of total revenue, while investment income constitutes around 0.9%[1]. The foundation maintains a substantial asset base, with total assets reported at approximately $557,288 in recent years[1].

Governance and Structure

The foundation is governed by a leadership structure typical of fraternal beneficiary societies. Key officers include a President, Vice President, Secretary/Treasurer, and Directors, all of whom serve without compensation[1].

Activities and Initiatives

While specific details on current initiatives are limited, the Nebraska Masonic Foundation is involved in preservation efforts of historical Masonic artifacts, such as the restoration of significant portraits. This work highlights the foundation's commitment to preserving Masonic history and cultural heritage[2].

Tax Deductibility

Donations to the Nebraska Masonic Foundation are tax-deductible, allowing donors to support Masonic causes while benefiting from tax advantages.

[1] https://projects.propublica.org/nonprofits/organizations/363376111 [2] https://www.nebraskamasonicfoundation.com [3] https://www.nebraskamasonicyouthfoundation.org [4] https://nebraskamasonicfoundation.com/about.html [5] https://thenebraskamasonichome.org