Vol. 21 No. 2 Celebrating 55 years of service to our community! February 2012

ChamberLine The

FEBRUARY BUSINESS BREAKFAST

WEDNESDAY, FEBRUARY 29, 7:30—9:00 am

The Rhinecliff

We are honored to have Dr. Dennis Murray, President of Marist College and Co-Chair of the Mid Hudson Regional Economic Development Council, one of ten councils formed by Governor Cuomo, as our featured speaker.

Dr. Dennis J. Murray has provided outstanding leadership at Marist College since 1979, presiding over an exceptional period of growth. He has guided Marist from a small local college to one of the most selective institutions in America today. The aca-demic profile of Marist’s students has risen dramatically, and the Princeton Review, U.S. News & World Report, and Barron’s all recognize the College as among the very best academic institu-tions in the country.

SPONSORED BY

Experience, Versatility, Relationships & Sustainability

Kirchhoff Properties has the experience and resources to turn a vision into a turnkey reality. From site selection to the completion of construction, Kirchhoff Properties provides all aspects of prop-erty development resulting in an efficient and seamless process. Property owners interesting in developing their assets can be assured that they will receive the most professional guidance and service. Kirchhoff Properties assists clients in site selection, planning, constructing and management of their projects. This process includes a project economic pro-forma, site evaluation, entitlements, financing, design/build, and property management. With countless successful locations in our portfolio, we ensure that our clients receive the best service possible resulting in a successful future for their venture.

(845) 635-2000 http://www.kirchhoffcompanies.com

2 RHINEBECK AREA CHAMBER OF COMMERCE BOARD OF DIRECTORS Officers President Vicki Haak, CFP® Ameriprise Financial Services 1st Vice President Sean Kemp McCabe & Mack LLP 2nd Vice President Marybeth Cale Palmiter Benefits Group Cale Consulting LLC Treasurer Robert Babirad Hudson Valley Federal Credit Union Secretary Josh Burckhard, D.C. Rhinebeck Chiropractic Directors George Banta, Jr. The Beekman Arms James Chapman The Rhinecliff Suzanna Hermans Oblong Books & Music Jesse Hewitt Northern Dutchess Hospital Tom Jozefowicz Williams Lumber Tina Keil Bella Fiori Michael Madigan, O.D. Rhinebeck Eye Care Philip Meltzer, CFP® Morgan Stanley Smith Barney Looking Glass B&B Kevin O’Connor The UPS Store Melissa Ottman Rhinebeck Savings Bank Chamber Staff Colleen Cruikshank, Ex. Director Chamber Office Information: 23F East Market Street 876-5904 fax 876-8624 Mailing address: PO Box 42, Rhinebeck, NY 12572 info@rhinebeckchamber.com RhinebeckChamber.com

January Business Breakfast

The ChamberLine

2012 CHAMBERLINE ADVERTISING RATES: 1/2 page—$75 per month or 12 months for $750

Business Card —$25 per month or 12 months for $250 Single page inserts $100 (must be provided pre-printed for insertion)

1/4 page —$50 per month or 12 months for $500 For more information on advertising, please call 876.5904.

RACoC Members

Beekman Arms

Bill Walters Shows, Inc.

Burnett & White Funeral Homes

Daily Freeman

Dapson-Chestney Funeral Home

Dowden Agency, Inc.

Emery & Webb, Inc.

F&W Concessions

Ferncliff Nursing Home

Fraleigh & Rakow

Herman H. Tietjen, Esq.

Hummingbird Jewelers

Le Petit Bistro

Louis August Jonas Foundation

Northern Dutchess Day Care Cen-

ter

Northern Dutchess Hospital

Northern Dutchess Pharmacy

Old Rhinebeck Aerodrome

for 20 years!

Omega Institute

R.P. Cautela Realty

Rhinebeck Artist Shop

Rhinebeck Department Store

Rhinebeck Health Foods

Rhinebeck Savings Bank

Rikert's Auto Body

Ruge's Automotive

Stamp, Inc.

The Baptist Home

Tom LeGrand, Inc.

Tremper Building, Kay Verilli

Tri-County Planning Services

Village Inn of Rhinebeck

Whistlewood B&B

Williams Lumber & Home Center

Wonderland Florist & Nursery

Steve Rosenberg from Scenic Hudson brings us up-to-date on all the

amazing accomplishments they have had and goals for the future.

The ChamberLine 3 Message from the President……...

Dear Members:

In January, we kicked off the New Year with the Chamber’s State of Rhinebeck dinner. This

time honored event included our inaugural Good Egg Award, with the first honoree being Lenny

Miller. It was touching to see just how surprised and honored he was to be recognized for what

he clearly perceives to simply be how we should all live our lives. Annually, the Good Egg Award will be

presented to an individual who selflessly offers his or her services for the betterment of our community. This

year it could not have gone to a more deserving person than Lenny!

A variety of well attended Chamber events then followed throughout January and into February; each one

crafted to help you market your business and network with an amazingly diversified group of people. If you

haven’t had an opportunity to attend any of the Chamber’s meetings or workshops, you really need to get out

there!

The Rhinebeck area has a remarkable wealth of people who all share the entrepreneurial spirit. This is what

makes our community so rich, and you are an integral part this network. We want to hear your story and learn

about your business. Think about the ways that you can showcase what makes you unique to our business

community. Sponsoring a meeting, advertising and attending Chamber events are all ways of sharing with

others what makes you the best at what you do.

So, don’t let your membership simply be a newsletter and a decal, get involved and show us what you’ve got!

Vicki Haak, President

Lenny Miller is the recipient of the

First Annual Good Egg Award.

Local artisan,Tom Stoenner created

the beautiful glass egg just for this

occasion. Like Lenny, it is one of a

kind!

4 The Chamber Line

WARM GLOW FROM CHARITABLE GIVING ALSO REDUCES TAX BURDEN

Americans have a charitable streak. In fact, estimates place the percentage of American households making

charitable donations each year at 70 to 80%. Research suggests that giving is good for you, too. Donors ex-

perience a measurable kind of ―warm glow‖ or ―helpers high‖ from giving to a good cause, studies show.

Even if feeling good is not a motive for charitable giving, it sure is a plus to reap the tax benefits of giving.

So it is worth considering the benefits of giving in the most tax-efficient ways, including making gifts of

cash and appreciated securities or establishing donor-advised funds and family foundations.

Gifts of appreciated securities are a popular way to benefit a favorite charity while sheltering the gains from taxes. By giving this

way, the donor is allowing the charity to put to work 100% of the market value of the long-term appreciated securities, thus avoid-

ing paying tax on the ―built-in‖ capital gain.

Let’s say you own an appreciated position of GE, now worth $10,000, acquired for $2,000. Sell the stock and you would be sub-

ject to capital gains tax on the $8,000 realized gain – a $1,200 tax bill. If you donate the stock instead, you can deduct the full

amount as a charitable gift. For an individual who itemizes deductions and whose marginal tax bracket is 33%, the savings of

$3,333 in federal taxes – added to the $1,200 in capital gains savings – brings to $4,533 the tax savings for making your gift in

stock. A cash gift would reduce taxable income by $10,000, thus saving $3,333 in income tax.

Actual tax benefits will vary depending on the details of your overall income tax situation, the type of property contributed, and the

type of organization receiving your gift.

In addition to tax benefits, donors often have additional reasons for choosing to give stock. These might include lessening a con-

centrated position in a particular stock or preserving available cash for other needs.

Those who wish to facilitate significant philanthropy may establish tax-favored vehicles such as donor-advised funds or family

foundations. Many donors are discovering the benefits of donor-advised funds available through financial services companies and

community foundations. A donor-advised fund is an irrevocable, tax-deductible contribution of assets to a charity. At any time

thereafter you can recommend grant distributions to qualified charitable organizations. The convenience of donating a single block

of securities that can benefit multiple charities makes the donor-advised fund a popular choice.

Wealthy families looking to instill their family’s values and create a legacy of giving for their children and grandchildren often

choose to establish their own private or family foundations. These foundations provide a vehicle or focus within the family to work

towards common social goals and promote giving to future generations, permitting young and old to collaborate on these topics.

The cost to establish and administer a family foundation can be prohibitive for all but the most committed donors. In addition to

set-up costs, foundations must meet a required minimum payout each year and provide access to information, complete reporting

and public disclosures that may prove a burdensome counterweight to other charitable vehicles. Donors should consult their tax

advisors to seek a more thorough evaluation of one charitable vehicle over another, particularly in view of the donor’s own cir-

cumstances. The fourth quarter is a good time to consider the best way to give in view of your plans and objectives. You can plan ahead by

putting funding vehicles in place now to facilitate year-end giving. When it comes to tax-wise giving, who knows? It might feel

better than you think.

# # #

Wells Fargo Advisors does not render legal, accounting, or tax advice. Be sure to consult with your own tax and legal advisors

before taking any action that may have tax consequences.

Investments in securities and insurance products are: NOT FDIC-INSURED/NOT BANK-GUARANTEED/MAY LOSE VALUE

Wells Fargo Advisors, LLC, Member SIPC, is a registered broker-dealer and a separate non-bank affiliate of Wells Fargo & Com-

pany.

Gerald Dingee, CFP®

The ChamberLine 5

WELCOME NEW MEMBERS!

Center for Authentic Living La Tua Bella The Roosevelt Inn

PO Box 45 19 East Market Street 4360 Albany Post Rd

Rhinebeck, NY 12572 Rhinebeck, NY 12572 Hyde Park, NY 12538

(845) 337-6996 845-876-2826 845-229-2443

www.centerforauthenticliving.org Megan Martino rooseveltinnofhydepark.com

Reverend Jude Smith **opening February 18th** Karen Rudowski

Bruce Smith

Fresh Start Farm Liberty of Rhinebeck

125 Market Lane 6417 Montgomery Street

Clinton Corners, NY 12514 Rhinebeck, NY 12572

Diana Lynn 845-876-1760

Sergia Rebraca

Kumon of Rhinebeck

6565 Spring Brook Ave., Suite 7 Mobile Consumer LLC

Rhinebeck, NY 12572 ―Shopper on the Go‖

518-253-9297 Liwen Yaacoby & Melissa Mills

Supark Warrachart www.mobiconsumers.com

**opening March 2012**

After school program for math Synergy Design

& reading. PO Box 309

New Paltz, NY 12561

845-255-1733

Jordan Valdina, Principal

www.synergydezign.com

6 The Chamber Line

UPCOMING EVENTS Monthly Business Breakfasts

Wednesday, February 29th, 7:30-9:00 a.m. Speaker is Dennis Murray, President, Marist

College. Sponsor is Kirchhoff Properties, LLC.

Wednesday, March 28th, 7:30-9:00 a.m. Speaker is Christine Kane, Community Foundations

of the Hudson Valley.

Wednesday, April 25th, 7:30-9:00 a.m., Gigi Market. Speaker is Laura Pensiero.

Wednesday, May 23rd, 7:30-9:00 a.m., Taconic Retreat & Conference Center. Speaker is

Frank J. DeRaffele, Founder/President of Proactive Leadership Center.

Business After Hours

Thursday, February 9th, Puccini Restaurant, 5:30-7:30 p.m.

Wednesday, March 14th, O’Leary’s Restaurant, 5:30-7:30 p.m. Joint with Red Hook Area

Chamber.

Other Events

Saturday, February 18th, Noon, Ribbon Cutting & Grand Opening Celebration at La Tua Bella,

19 East Market Street. Special pricing on makeup and spa specialty services and eyelash exten-

sions only when booking an appointment that day. Peach paraffin hand and foot treatments

added on to spa room

appointments complimentary.

Wednesday, April 4th, Marketing Tips for Tourism Seminar with Doug Motel, Site Optimized,

9:00 am-12:00 pm at the Starr Library.

Saturday, April 21st, Ribbon cutting for the Betsy Jacaruso Studio & Gallery, Bumble & Hive

and Tavola Rustica in The Courtyard at 2:00 p.m.!

Saturday, June 2nd, Health & Wellness Expo. Details to follow.

PLEASE CHECK THE CALENDAR OF EVENTS ON

WWW.RHINEBECKCHAMBER.COM FOR ALL THE GREAT MEMBER EVENTS

THAT ARE TAKING PLACE!!

The ChamberLine 7

Standing in front of some of the art being auctioned off are: Left – Michel P. Haggerty, Sponsorship

Co-Chair - Klara Sauer, Vice President and Benefit Chair - Clifford Platt, Sponsorship Co-Chair –

Sue Hartshorn, Library President, and Steven Cook, Library Director.

Starr Library Celebrates its 150th Birthday with a Bash at the Library

on Saturday, January 28, 2012. Attended by 250 guests & raised over $50,000!

The ChamberLine

Rhinebeck Area Chamber of Commerce

PO Box 42

Rhinebeck NY 12572