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Planning Your Gift
Hamilton Plans
Contact Information
Ben Madonia '74
866-729-0317 315-859-4648 (fax) |
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Helping Donors Meet
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 Ben Madonia '74 can answer your questions about planned gifts. |
- Sample Will language, upon request;
- Recent developments (see below);
- Tax law updates provided by Hamilton's Planned Giving Counsel, Nixon Peabody LLP;
- Timely personal planning strategies;
- Hamilton Plans newsletters;
- Private Clients Alert newsletters prepared by Nixon Peabody LLP.
Recent Developments
Charitable IRA Legislation extended to 2009
You may direct transfers to Hamilton and other charities from IRAs, if
- you are at least 70 ½ years of age.
- the check is sent directly to the college from the IRA.
- transfers do not exceed $100,000 per year.
- the gift is outright (life income gifts do not qualify).
The amount of the gift counts toward your minimum distribution requirement and is excluded from your gross income. However, no federal income tax charitable contribution deduction is allowed.
If you have questions, please call or write Ben Madonia '74 at 866-729-0317 or bmadonia@hamilton.edu.
What is in the Stimulus Package for you?
- The amount of income exempt from the alternative minimum tax has been increased.
- Several "green" initiatives have been established, including: tax credits for home energy efficiency and a credit of up to $7,500 if you buy a plug-in vehicle.
- A federal income tax deduction for state and local sales and excise taxes paid on the purchase of a new vehicle.
- You will not have to take a required minimum distribution from your tax-deferred retirement accounts in 2009 if you are age 70 ½ or older,
You are encouraged to consult your financial advisor for further guidance.
Roth IRA - New Opportunity
Convert to a Roth IRA at reduced tax. Eligibility expanded - see brochure
Real Estate – A Timely Gift
This may be an opportune time to consider a gift of real estate, regardless of where it is located. By donating a personal residence, commercial property or undeveloped land, you may accomplish philanthropic and personal planning objectives. Read more about a recent gift of a vacation residence from Win and Lawry Gulick '52
Hamilton's Endowment
Over the years, more than one donor observed that the quickest way to re-build endowment market value is to make an addition as the financial markets recover. Contributions of cash, securities, and real estate allow the Investment Committee to look for buying opportunities, perhaps catching certain investments on an upswing. You may wish to consider if and when this strategy makes sense for you.
Private Letter Ruling
Hamilton received a private letter ruling from the IRS allowing charitable remainder trusts to be invested with the College's endowment - see PLR.
Estate Tax Legislation
You can expect Congress to propose new estate tax rates before previous legislation reduces them to zero in 2010. Updates will be provided as we learn of them.
Have you included Hamilton in your estate plan? Please advise us so we can include you in the Joel Bristol Associates - see Will Survey.
Join the Joel Bristol Associates
Have you included Hamilton in your estate plan? Please advise us so we can include you in the Joel Bristol Associates - see Will Survey.
