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The Vasilopita is a traditional Greek New Year’s Bread. It is made in honor of a beautiful act of charity by St. Basil to the poor and needy of his flock. In order to ensure that the needy would have money for life’s necessities, and knowing that they were also proud people, St. Basil had the ladies of his church bake sweet bread with coins baked into them. In this way he could give them money without demeaning them at all. It is therefore traditional to bake a coin into the Vasilopita (St. Basil’s Bread). The bread is cut into equal parts, the one who receives the coin is considered to be especially blessed for the year.