Letter from the Alumni President

2020-2021 ALUMNI BOARD OF GOVERNORS

Lexie Rich Mills ’90, President Blake Sheehan ’00, Vice President Annie Wu ’01, Treasurer Charlie Albert ’72, Secretary

MEMBERS

Wendy Chapin Albert ’73 Doug Carpenter ’99 New York City rep Theo Donnay ’08 New York City rep Kieran Fox ’79 Elizabeth Paal Goss ‘99 Farrell Gregory ’18 Carol Campbell Haislip ‘69 Jamey Hebb ‘76 Tracey Lankford ‘81 Washington, D.C. rep Robert Law ’95 Hill Michaels ’51 George Mumford ’90 Stasia Thomas Nardangeli ’93 Robin Buck Nicolls ’55 Andrew Schapiro ’95 San Francisco rep Kendall Steer ’18 Key Worcester ’86

PAST PRESIDENTS

2018-2020

Clémence M.K. Miller '81

2016-2018

Rachel Arnot Rockwell ’91

2014-2016

Brooke Wheeler Rodgers ’91

2012-2014

Kieran Fox ’79

2010-2012

Patty McCormick Klein ’86

2008-2010

Curtis Campbell ’83

2006-2008

Hill Michaels ’51

2005-2006

Susie Quarngesser Amiot ’79

2004-2005

Matt Wyskiel ’81

a message from the president of the alumni a o iation

Iam excited to begin this year as the President of the Alumni Association Board of Governors. In these uncertain times, it is more important than ever to maintain the fabric of a strong alumni community.

A few weeks ago, we did just that, and held our first All Alumni Board Meeting virtually. Nearly 85 alumni joined us for an update from Head Master Holmgren and COVID-19 talks with Dr. Annie Luetkemeyer ’84 and Dr. Keith Flaherty ’83.

We remain committed to a connected alumni community and are thrilled to introduce an upcoming series of virtual talks covering a range of topics. You can learn more about our upcoming talks by visiting CalvertConnect.com.

I also want to extend a warm welcome to the graduating Class of 2020. As our newest alumni members, I look forward to your future accomplishments – I know there will be many, as yours is a class that has overcome an unconventional spring semester. I would encourage each of you to join Calvert Connect and engage with our vibrant community.

Before closing, it is my great pleasure to introduce our recent additions to the Alumni Association Board of Governors for 2020-2021.

Wendy Chapin Albert ’73 is a former Baltimore realtor and Garrison Forest School graduate. She is also an alumna of Sweet Briar College and rode on the Intercollegiate Horse Show Association team. She has two daughters together with her husband, Tolly J. Albert, IV ’72.

Farrell Gregory ’18 is a rising junior at Loyola Blakefield. He attended Calvert from Fifth age to Eighth Grade, graduating in 2018. He is currently involved in Loyola’s service and outreach initiatives and lead their Polar Bear Plunge Team earlier this year.

Warmest regards,

Lexie Rich Mills ’90

President, Alumni Association

PLANNING FORWARD

In times of uncertainty

Ideas for Giving and Moving Forward in 2020

Calvert continues to move forward with its important work. In the midst of all that is going on, many of our students, parents, and faculty are looking forward to a future when they can enjoy the full benefits of the community and resume regular classroom activities.

In response to the current situation, Congress recently enacted several tax law changes. We created this resource to help you with your tax planning and to offer some ideas for your consideration if you are thinking about making a gift to Calvert during this time.

CARES Act

This recently passed law includes several charitable tax provisions to encourage giving. These include:

A new deduction for charitable donors who do not itemize when filing their tax returns. If you do not itemize but make a gift to charity, you will be allowed to take a special tax deduction, up to $300, to reduce your tax liability.

An increase in the deduction limit up to 100% of a donor’s annual income for cash gifts (previously the deduction was capped at 60% of annual income). If you make a gift you will be able to deduct more this year.

DONOR ADVISED FUNDS

If you have a Donor Advised Fund (DAF) and wish to help us this year, you can make a gift from your DAF to support our work without affecting your personal financial security.

CHARITABLE GIFT ANNUITY

If you are concerned about your financial security given the ups and downs of the stock market, you may want to consider making a gift to fund a charitable gift annuity. You might be surprised by the benefits. You can exchange your low-performing stock, CDs or cash for guaranteed, lifetime fixed payments. If you make a gift of an appreciated asset, you will not have to pay capital gains when you fund the annuity. You may also benefit from a tax deduction this year and a portion of your payments could be tax-free.

RESTRICTED GIFTS

If you have already made a gift to Calvert and your gift is restricted to a particular project or purpose, we would like to ask you to consider contacting us to remove your gift restrictions. This is an easy way for you to help us meet our current, most pressing needs, which will allow us to continue to support our staff and meet overhead expenses during this time.

Removing a gift restriction will give us flexibility to put your gift to meet critical needs and doesn’t require any additional gift from you.

SECURE Act

In December, Congress passed the SECURE Act, limiting stretch payments to IRA beneficiaries to 10 years. If you planned to benefit your children with your IRA, your heirs will now pay higher taxes on the inheritance they receive from you. When you revisit your estate plan, consider funding a testamentary charitable remainder unitrust with your IRA balance. This plan can provide lifetime payments to your heirs and spread out the taxes on their inheritance.