Hamilton Plans Newsletters

Ben Madonia '74

866-729-0317

315-859-4648 (fax)

Spring 2011

The 2010 Tax Law

For your convenience, highlights of The Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010 are provided:

The federal income tax brackets (10%, 25%, 28%, 33% and 35%) have been extended through the end of 2012.
For taxpayers in the 25% and above tax bracket, the capital gains and qualified dividends rates will remain 15% through 2012.
The itemized deduction limitation, the provision requiring taxpayers to reduce itemized deductions (at certain income levels), has been suspended through 2012.
The IRA charitable rollover provision that satisfies the Required Minimum Distribution for donors age 70½ or older was extended to 2011.
Adjustments were made to the estate, gift and generation-skipping tax rates, including a lower 35% tax rate and an enhanced $5-million exemption, as well as portability of a spouse’s unused exemption for use in the survivor’s estate.

Further details are available at:
www.hamilton.edu/PlanningYourGift

Spring 2011 Newsletter Contents

In December 2010, Hamilton launched Bicentennial Initiatives, a $117-million effort to provide funding for three strategic priorities as the College approaches its 200th anniversary in 2012. The three goals are endowment for student scholarships, new arts facilities and the Annual Fund.

In honor of Hamilton’s bicentennial, the College hopes to enroll 200 new Joel Bristol Associates. If you have provided for Hamilton in your Will or would like to endow your Annual Fund contribution, or support the arts or scholarships through your estate plan, please call Ben Madonia ’74 at 866-729-0317 or submit information online.