Throughout the years, Hans Solmssen '59, P '90, '94 has contributed his expertise to the College from multiple perspectives. Hans has served on the Alumni Council and, with his wife, Sally, on the Parents Advisory Council for eight years when sons Christopher '90 and Andrew '94 were on the Hill.
A retired banker, he returns to campus regularly to participate in Career Center panel discussions and last year spoke with students in an international finance class. So strong and long-lasting are Hans's ties to his alma mater that it is not surprising when it came time to do some personal financial planning, he and Sally put Hamilton at the top of their list.
"Everyone's situation is different. We found ourselves with a stock portfolio that had a very low cost basis. After meeting with our financial advisor, it became clear that establishing a charitable remainder unitrust would provide many advantages in terms of income and capital gains tax savings," he said. In addition, the Solmssens also receive quarterly income distributions. "Having that consistent cash flow in our retirement is especially desirable."
Above all, there was the added incentive of being able to do something significant for Hamilton. "The unitrust," Hans said, "has allowed us the opportunity to make a much larger gift than we ever thought possible."
The ultimate result of their generosity is The Solmssen Family Scholarship. "Hamilton was very special to us and our sons. At Hamilton I learned how to think logically and write effectively. I learned how to get along with people and to speak extemporaneously in front of large groups. Hamilton's role in my life was significant and this is one way to express my gratitude."
