Donors celebrating reunions this year, may, like the Meads, find fixed payments from charitable gift annuities attractive.
Due to the historically low IRS Discount Rate used to calculate deductions, other donors are considering charitable lead annuity trusts and retained life estate contributions.
A charitable lead annuity trust makes payments to Hamilton for a term of years — to meet Bicentennial Initiatives campaign priorities — with the trust principal plus appreciation delivered to heirs at greatly reduced gift tax cost. The increased gift tax exemption and generation-skipping transfer tax exemption can be leveraged with a charitable lead annuity trust.
A retained life estate allows you to contribute your primary residence to the College, making one of your largest assets productive, while retaining the right to live in and enjoy it for life.
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.