Freemasonry is a fraternal order whose basic tenets are brotherly love, relief (philanthropy), and truth. We strive to enjoy the company of our brother Masons, assist them in times of personal trouble, and reinforce essential moral values. There is an old adage that Freemasonry "takes good men and makes them better", which is our goal.
It has often been observed that men are the products of everything they come into contact with during their lifetime. Freemasonry offers a man an opportunity to come into regular, enjoyable contact with men of good character, thus reinforcing his own personal moral development. Of course, Freemasonry is also meant to be enjoyed by its membership, so the order should not be viewed simply as a philosophical club, but rather a vibrant fellowship of men who seek to enjoy each other's company, a fraternity.
To maintain this fraternity, discussion of religion and politics within the Lodge is forbidden, as these subjects are those that have often divided men in the past. Masons cover the spectrum of both religious and political beliefs and encourages a man to be religious without advocating a particular religion, and to be active in his community without advocating a particular medium of political expression.
While there probably are some actual stone-workers who are Masons, Freemasonry does not teach is membership the literal techniques of stonework. Rather, it takes the actual "operative" work of Medieval Masons and uses it as an allegory for moral development. Thus, the symbols of Freemasonry are the common tools that were used by medieval stonemasons: the gavel, the rule, the compass, the square, the level, etc. Each of these has a symbolic meaning in Freemasonry. For example, Masons are said to meet "on the level", meaning that all Masons are brothers, regardless of social status, personal wealth, or office within the Lodge or in the world at large. Similar symbolism exists for other tools.
Freemasonry is distinguished from other fraternal orders by its emphasis on moral character, its ornate rituals, and its long tradition and history, which dates back to at least the 17th century in modern form, the 14th century (c. 1350-1390) in the written evidence of its precursors, and back to the mists of antiquity in its origin. Freemasonry has a continuously documented paper history (i.e., Lodge to Lodge) since 1717, though historical analysis shows Freemasonry to be much older.
There are also a great many things that Freemasonry is NOT: a religion, a secret society, etc., and these are covered in the FAQ section.
There are three degrees in Freemasonry. Other appendant bodies confer additional degrees, up to the 32nd of the Scottish Rite, but in symbolic Freemasonry (or Symbolic Lodge Freemasonry) proper, there are only three. At the Symbolic Lodge, Masons receive the degrees of Entered Apprentice (first degree), Fellowcraft (second degree), and Master Mason (third degree). Promotion generally requires the mastery of a small body of memorized material, the contents of which varies from jurisdiction to jurisdiction.
Of course, no Mason would ever look down upon a Brother simply because he was of a lower degree-- the degrees do not exist to create a pecking order or to confer rank. Rather, they are a system of initiation that allows men to become familiar with the august and ancient history and principles of Freemasonry at a comfortable pace. Proceeding from Entered Apprentice to Master Mason in the US can take as little as three months, while in England, the degrees are spaced apart by a year's interval.
Most Lodges have regular communications (meetings) once a month, that are also referred to as "business meetings". In the US, these are typically only open to Master Masons. In England, these meetings are usually opened in the first degree, and Entered Apprentices may attend. Conferring of degrees is usually done at other meetings during the month.
While conferral of degrees and mundane business do take up a lot of a Lodge's time, there are a host of other activities that Masons engage in within the fraternity. Charitable work is often done, in the form of fundraisers, community volunteer work, etc. And there are also a great many things done for the simple pleasure of company: monthly breakfasts or dinners, picnics, card/chess matches, lecturers on Masonic history, you name it. Freemasonry is a fraternity, and its membership seeks to have fun.
Local Masonic Lodges are organized under Grand Lodges. In the United States, each state has its own Grand Lodge, which is a peer with every other Grand Lodge. There is not "Grandest Lodge"-- each Grand Lodge is supreme in its jurisdiction (e.g., in the US, in its state) but has no authority elsewhere. Of course, this does not mean that Freemasonry in New York is radically different than Freemasonry in Scotland or New Mexico. Masons are very traditional and the differences between Grand Lodges are usually minor.
The head of a Symbolic Lodge is given the title Worshipful Master. This, of course, does not imply that Masons worship him; it is merely a stylish title. Masonic Lodges can be found in many cities, of all sizes, around the world. There are presently approximately 5 million Masons, half of which are in the United States.