Per the SECURE Act, if you did not reach 70 ½ years of age by December 31, 2019, 72 years of age becomes the effective age for Required Minimum Distributions. You may make Qualified Charitable Distributions at 70 ½ with potentially less benefit until you reach 72. Caution: for those continuing to work, deductible IRA additions reduce dollar-for-dollar Qualified Charitable Distributions.
I’m a theatre director, not one of the monied graduates. However, I found that I could leave one of my IRAs to the Kirkland Endowment and benefit future generations of women at Hamilton.
After graduating in the first Hamilton-Kirkland merged class, Melanie built a career as a theatre director and event producer in New York City, crediting her years at Kirkland for her creative resourcefulness. “My college experience trained me to figure it out on my own, to make things happen.” Yet while Kirkland remained in her heart, Melanie was otherwise disconnected from life on the Hill, as was the case for many of her fellow Kirkland alumnae.
It was only fitting that theatre drew her back some 15 years later, when her former professor, Carole Bellini-Sharp, reached out and asked her to be a part of the Hamilton College Performing Arts Conference. In 1994, she was invited to fill-in for Professor Bellini-Sharp, directing the fall play. Spending time living and teaching on campus reconnected her to the College in a meaningful way. After that, she frequently returned for theatre events at Fallcoming and reunions, eventually serving on the All-Kirkland Reunion committee in 2015.
During that reunion weekend, Melanie spoke with Director of Gift Planning Ben Madonia about the opportunity of supporting the Kirkland Endowment. Feeling reconnected, and welcomed back to the Hill, Melanie was interested in contributing, but didn’t see it as a realistic possibility for her. That’s when he introduced her to the option of designating Hamilton as an IRA beneficiary.
“I’m a theatre director, not one of the monied graduates. However, I found that I could leave one of my IRAs to the Kirkland Endowment and benefit future generations of women at Hamilton.”
Melanie will give to what matters to her, in a way that works for her. While gift planning conversations begin differently, they end with this same, rewarding –often joyful– resolution.
The Kirkland legacy lives on through its alumnae and the stories they share. Through her IRA beneficiary designation, Melanie’s gift will forever foster the energy and spirit of Kirkland College.
You may make a commitment through your estate plan by designating a specific amount or a percentage of your estate or retirement plan assets.
You can complete a contribution of stock or mutual fund shares, real property outright or in trust, or tangible personal property gifts.
With the income-producing gift options below, you can create a secondary source of revenue or augment your retirement assets while enjoying major tax incentives.
You can establish a charitable giving account managed by Hamilton College from which you can recommend grants to Hamilton and other qualified public charitable organizations.
Because Hamilton [Endures]
The Board of Trustees has authorized including future estate gifts in the Because Hamilton campaign as a separate subtotal, for individuals 70 years of age and older. This change, consistent with national standards, allows Hamilton to record, as well as recognize, the bequest intentions of donors during their lifetimes. If you’ve made Hamilton College a beneficiary, please let us know by sending us a memorandum of understanding (PDF).
Did you know that during your lifetime you can make contributions to Hamilton through your IRA? Everyone age 70 1/2 or older of the can benefit from planning a Qualified Charitable Distributions as early as possible in the calendar year.