Planning Your Gift
Select the Age-Appropriate Gift Option to Meet
Your Financial and Philanthropic Goals:
Any age — Outright Contribution, Retirement Plan Beneficiary Designation or Will Provision
Age 35-60 — Deferred Payment Charitable Gift Annuity
Age 50+ — “Flip” Charitable Remainder Unitrust
Age 60+ — Charitable Gift Annuity, Charitable Remainder Unitrust or Charitable Lead Trust
The Techniques of Gift Planning at various ages:
Hamilton alumni have used a variety of techniques to solve personal planning issues. Some examples include:
A single alumna in her 20s designates Hamilton as the sole beneficiary of her retirement plan. In some cases, less than 35 cents of each dollar in these plans can be transferred to non-spousal heirs so her tax-savvy planning will allow Hamilton to receive the full amount. If her circumstances change, she can designate Hamilton as a contingent beneficiary.
An alumnus in his 30s makes his Annual Fund and capital gifts with appreciated securities instead of cash each year, saving capital gains as well as income tax.
While going through the estate planning process, a married alumni couple in their 40s includes provisions for Hamilton in their wills. Their bequests will be added to a scholarship fund they established in honor of their favorite professor. In addition to Annual Fund gifts, they also contribute to the scholarship endowment each year.
Parents of a former student complete a capital gift to renovate athletic facilities and a charitable gift annuity that upon maturity will establish an endowment for capital improvements in perpetuity. Meanwhile, they benefit from income and capital gains tax savings as well as a stream of payments for life.
An alumnus in his 50s began making gifts to Hamilton while he was in his mid-30s to establish deferred payment charitable gift annuities. With each gift annuity contribution, he benefitted immediately from an income tax charitable contribution deduction. At age 65, he will begin receiving quarterly payments for life from a total of 14 deferred payment charitable gift annuities. Ultimately, Hamilton will receive the remaining amount for an endowed fund.
A Kirkland alumna in her 50s, who has worked in the arts throughout her professional life, establishes a charitable remainder unitrust that will begin making payments to her when she retires, providing income tax deductions and capital gains tax savings while she is employed and supplemental income when she will need it. When the trust terminates, the remaining assets will create an endowment with the annual income used to support the Emerson Gallery.
An alumnus and his wife, both in their late 60s, contribute a waterfront vacation home they no longer use to a charitable remainder trust. The trustee sells the real property, pays no capital gains tax, invests the cash and makes quarterly payments to the couple to supplement their retirement income. He is a Continental Continuity Club member having contributed consistently to the Annual Fund for the past 25 years. The trust remainder value will establish two endowments to support the Annual Fund and scholarships in their names in perpetuity.
An alumnus in his 70s contributes appreciated securities to a charitable gift annuity with Hamilton providing quarterly income payments and capital gains tax savings. The remaining amount will be added to the same scholarship he received when he was a student.