Which class will win the Influential 20s Competition?
Congratulations to the class of 1997 for winning the 2013 Competition with 18.3% classmate participation! They will be honored on Saturday, October 12 during Homecoming Weekend 2013.
What is the challenge?
The 2014 challenge is among the classes 1994-2013, (20 years of Britons). This competition is based on individual class giving participation. It’s simple: the more of your classmates who give to Albion, the higher your class participation goes. Graduates within the last 20 years account for 36% of Albion College Alumni. Young Alumni participation is vital to the future of Albion College!
What's in it for the class?
To heat things up, the class with the Highest Giving Participation Rate by June 30, 2014 will be presented with the Spirit Rock Award during Homecoming Weekend 2014. Be the next class listed on the Spirit Rock Award!
The class of 1997 won the Spirit Rock Award in the 2013 competition! Do you think your class can beat the class of 1997 in the 2014 competition?
What gifts count?
Any gift you make that is significant to you will go towards the competition. Consider a gift to The Albion College Fund or Briton Scholarship Fund. These gifts allow Albion to use the money where the need is greatest -- including (but not limited to): scholarships, campus improvements, faculty support, and academic programs.Learn more about the Albion College Fund and what unrestricted gifts can do for the college.
It is also possible to designate your gift to a specific department, program, or team. No matter where you designate your gift, it will go towards benefiting Albion College as a whole!
Will this really have a large impact on Albion College?
Young alumni involvement is vital to the future of Albion College. Your gift, no matter the size, will make an impact on the lives of current and future Albion students.
Are gifts to the College tax-deductible?
Yes, gifts to Albion College are tax-deductible. After you have made your gift you will receive a gift receipt in the mail.
What does the American Taxpayer Relief Act of 2012 mean for you?
Below are answers to some of the most common questions concerning the American Taxpayer Relief Act of 2012 (ATRA). Please contact the Albion College Development Office at
or 517-629-0402 with questions. As with all tax matters, Albion College strongly encourages you to consult with your tax advisor.
IRA Charitable Rollover
What is the benefit of the charitable rollover? Avoid having your required distribution be taxed as ordinary income while making a difference in the lives of Albion college students faculty, and staff by making a charitable contribution.
How do I know if I qualify? You qualify if you are age 70 ½ or older and have a traditional, rollover or Roth IRA.
What do I do to take advantage of the rollover opportunity? Transfer money directly from your IRA to Albion College before Feb. 1, 2013 for 2012 tax year or December 31, 2013 for 2013 tax year.
Individual Income Tax Rates
Income tax rates have changed. What are the new rates? The existing tax brackets were extended. There is a new 39.6% bracket for married couples making $450,000, heads of household making $425,000 and single persons making $400,000.
Long-Term Capital Gains
What happened with capital gains rates? The 15% capital gains rate for those in most higher brackets were extended. However, individuals in the new 39.6% tax bracket will now be subject to 20% capital gain rate. Additionally, because capital gains for married couples over $250,000 and singles over $200,000 will be subject to the 3.8% Medicare tax, their capital gains rate will be 23.8%.
Gift and Estate Taxes
Were the gift and estate tax exclusion made permanent? Yes. Marital portability and the $5 million exclusion amount (with indexed increases) for gift and estate taxes were made permanent. For 2013, the expected IRS ruling will set the exclusion amount at 45.25 million. The top rate for gift and estate taxes is 40%.
Because of these changes I’m updating my will/estate plans. Is there something I can do to minimize my estate tax burden? Yes. Talk with your estate planner. You might consider a charitable bequest to Albion or other non-profits if you haven’t already done so. For those with larger estates, consider a testamentary unitrust, charitable gift annuity, or lead trust. Depending on your situation, all can be excellent planning options.
Itemized Deduction Limits
Itemized tax deduction limits changed. What are the new limits? ATRA creates new fixed limits for itemized deductions. Married couples will be subject to the 3% reduced deductions for adjusted gross income (AGI) over $300,000. Single persons will use a floor of $250,000 of AGI.
Majors: Social Studies major with a Secondary Education concentration, and a double major in Psychology. Campus Activities:Student Alumni Association, Kappa Alpha Theta
Why did you choose Albion? When I visited Albion my senior year of high school, it just felt right, like this is where I belonged. When deciding on schools, I kept thinking about that feeling and I just knew Albion was the place for me.
What is your best Albion memory or experience? I think it would have to be the moment I moved into Mitchell Towers my sophomore year. I was living with two of my best friends, and I had this feeling of, "I'm back. Back where I belong, and it feels great to be back." That feeling of belonging has continued with me throughout my time here at Albion. It's a place that has become my home. That, I think, is the best experience Albion (or any college/university for that matter) can offer.
What are your future plans? I want to either head to graduate school for psychology, or teach social studies in a high school.
How have financial aid and scholarships helped you? Without financial aid and scholarships, attending Albion wouldn't be an option for me. It's because of the financial aid and scholarships I receive that Albion is even in my realm of possibilities.
How would you finish this sentence: "Because you give to Albion, I'm able to ... ...get the best education possible, for me, and have experiences that I couldn't get anywhere else.
Majors: Psychology with minors in Chemistry and Cell and Molecular Biology
Campus Activities: Delta Gamma, Student Alumni Association, Phi Epsilon Kappa Health Fraternity, Global Medical Brigades, Global Water Brigades, Psi Chi International Honor Society in Psychology, Service Project Appalachia, and a resident assistant.
Why did you choose Albion? I chose Albion because of the strong academics and the many opportunities on campus. At Albion, I have the opportunity to be more than a number in a classroom, or a random face on the Quad.
What is your best Albion memory or experience? All of my best Albion memories stem from the amazing people I have met here. From late night Makin’ Crepes runs to all-day study sessions in the Tiers in Stockwell Library, my Albion experience has been shaped by the friends I have made. I love that it is practically impossible to walk across campus and not say hello to at least three people on the journey. The sense of community within the college, and with alumni, has truly made my experience here wonderful.
What are your future plans? After Albion I plan to attend graduate school for psychology, in either clinical psychology or in a research setting.
How have financial aid and scholarships helped you? Financial aid and scholarship have made it possible for me to attend Albion. Without the generosity of donors, there is no way I would be able to get the liberal arts education that has allowed me to succeed in the classroom, and has encouraged me to think critically and explore interests outside of my major.
How would you finish this sentence: "Because you give to Albion, I'm able to ... ...discover who I am, and who I want to become. I am able to take leadership roles and partake in campus activities that I could have never experienced at another college.