COLLEEN & ERIN MARLATT SCHOLARSHIP FUND
THE 2017-2018 ANNUAL REPORT OF DONORS
THE SCHOLAR 2018
SCHOLAR UPDATES: THE URRUTIA BROTHERS (2012-13
Scholar)
graduated
with
Tommy (2015-16 Scholar) is currently a senior
Charlie
studying finance and philosophy at University
departmental honors and a B.S. in Mechanical
of Maryland and working as a Resident Assistant
Engineering from University of Maryland in May
at Prince Frederick Hall. He recently received
2016. He currently lives in Baltimore City and
an Honors College Citation from the Advanced
is employed at BGE where he works as a Fleet
Cybersecurity Program. He will be starting his
Engineer and Electric Vehicle Program Manager.
career in Investment Banking at Bank of America
He is pursuing his Master’s Degree in Mechanical
Merrill Lynch next year, and is very excited to live
Engineering from Johns Hopkins University. He
and work in New York City! Tommy was fortunate
is extremely grateful to have received the Colleen
to have had all of the help he received along the
and Erin Marlatt Scholarship.
way and thankful to the Marlatt family for helping to give him the opportunity to study and learn at
Mom Kim Urrutia teaches kindergarten at Sacred
University of Maryland.
Heart School in Glyndon.
CONGRATULATIONS TO OUR FINANCIAL PLANNING ANSWERS FROM HARTMAN FINANCIAL Q: What is a Qualified Charitable Distribution and how does it work? 2018-19 SCHOLARS! A: A Qualified Charitable Distribution, or QCD, is a tax-free distribution from an IRA sent directly to a charitable organization that also satisfies the required minimum distribution requirement for individuals over the age of 70 ½. The organization must qualify as a 501c3 organization, and they must receive the check directly from the IRA custodian. Q: How can individuals or corporations make donations to a charitable Tanner Vincendese is attending Mount St. Joseph and organization? Hope Dudley is attending Institute of Notre Dame.
A: Both individuals and corporations can make a direct donation of
“I would also like to take this opportunity to express my gratitude for your
cash or securities to a charity. There are also programs called donoradvised funds that allow for cash or security contributions, but these contributions are then invested in an account. Grants can then be made from these funds to qualified charitable organizations over a
graciousness and generosity.
longer period of time.
I am thankful and humbled
Q: What are the tax benefits of charitable donations?
that you have chosen my
A: Both individuals and corporations can receive a tax deduction for
child is a recipient of your
any qualified contributions. Gifts of any appreciated securities can
scholarship.” -Lois Dudley (second from right above) teaches 5th grade at St Casimir Catholic School
eliminate the burden of a capital gain tax upon sale of those securities. The amount of the deduction available depends on the type of gift. For more info, contact: Michele@hartmanfinancialinc.com.