Planned Giving

An Interview With Lisa Ryan '84

Lisa Ryan smilingBy Ellen Dudas, Planned Giving Officer

Over the years, you have stayed closely involved with Ramapo College. Can you tell us how your involvement began and how it enhanced your view of the College?

I got involved in my sophomore year working with athletics. Rich Myrlak and the athletic program became a great part of my experience at Ramapo. We started "Sports Council," which was essentially a group of athletes and supporters who raised money for various activities. Some of our endeavors included visiting an orphanage, visiting children in hospitals and doing toy drives. In the spring we ran a carnival and sold 50/50 raffle tickets. We were always doing something to raise money for the athletic program.

Being involved with athletics got me interested in community service and giving back. Our Hall of Fame has become so important over the years because it recognizes not only our athletes and coaches, but also those people who have provided service to the athletic community.

I got involved with the Alumni Association because they wanted a student representative. Thank you, Anne Boland, Ramapo College Foundation Operations Director, for getting me involved!

This worked out well because the alumni were able to partner with athletics and vice versa for on-campus events. The Alumni Association helped to sponsor the first "official" graduation party in the pub ( yes, we had a pub) on campus.

It was also this early Alumni Association that voted to have the alumni president officially welcome the graduation class at Commencement. I don't think students realized we had an Alumni Association since it was all so new.

It's important for our alumni to know that we now have one of the highest participation levels in the state - we've come such a long way and it's something to be very proud of! In essence, Ramapo allowed me to grow as a person - to be involved in everything as it was all unfolding. I became part of a family environment.

What changes have you seen at Ramapo College over the past 20 years?
A better question would be, What hasn't changed? Everything is different - the new fabulous buildings, the Bradley Center. The course selection and majors - there are so many more opportunities. The dorms are totally different than when I was here - I also had a typewriter, and not a computer. The one thing that has stayed constant is the fabulous faculty and staff.

What advice would you give Ramapo students today?
My advice, quite simply, is to enjoy every experience. Your time here goes by so fast - make the most of it. You will meet people that will change and impact your life in ways you never thought possible. You will make friends here that you will have for life. Don't sweat the small stuff and, really, just enjoy the experience!

What motivated you to establish a planned gift of insurance? Can you tell us what was uniquely attractive about this type of gift?
I'd been thinking about creating a family scholarship for a while. After attending yearly scholarship receptions and meeting the students I knew it was an important thing to do. The Alumni Association recently created a new scholarship geared towards students who exhibit exceptional community service. I was fortunate enough to be on the selection committee and meet the chosen students and was really impressed with their selflessness.

When I first met with Kara Brennan and Kathleen Mainardi, Ramapo College Foundation development officers, I knew the timing was right. This gift was almost a no-brainer. This type of gift is attractive because it's payable over a specified period of time and I can be involved in creating the scholarship.

Making a small difference is one of the greatest feelings! I hope my gift will encourage other alumni to explore the possibilities of giving back to Ramapo College.

A charitable bequest is one or two sentences in your will or living trust that leave to The Ramapo College Foundation a specific item, an amount of money, a gift contingent upon certain events or a percentage of your estate.

an individual or organization designated to receive benefits or funds under a will or other contract, such as an insurance policy, trust or retirement plan

"I give to The Ramapo College Foundation, a nonprofit corporation currently located at , or its successor thereto, ______________* [written amount or percentage of the estate or description of property] for its unrestricted use and purpose."

able to be changed or cancelled

A revocable living trust is set up during your lifetime and can be revoked at any time before death. They allow assets held in the trust to pass directly to beneficiaries without probate court proceedings and can also reduce federal estate taxes.

cannot be changed or cancelled

tax on gifts generally paid by the person making the gift rather than the recipient

the original value of an asset, such as stock, before its appreciation or depreciation

the growth in value of an asset like stock or real estate since the original purchase

the price a willing buyer and willing seller can agree on

The person receiving the gift annuity payments.

the part of an estate left after debts, taxes and specific bequests have been paid

a written and properly witnessed legal change to a will

the person named in a will to manage the estate, collect the property, pay any debt, and distribute property according to the will

A donor advised fund is an account that you set up but which is managed by a nonprofit organization. You contribute to the account, which grows tax-free. You can recommend how much (and how often) you want to distribute money from that fund to The Ramapo College Foundation or other charities. You cannot direct the gifts.

An endowed gift can create a new endowment or add to an existing endowment. The principal of the endowment is invested and a portion of the principal’s earnings are used each year to support our mission.

Tax on the growth in value of an asset—such as real estate or stock—since its original purchase.

Securities, real estate or any other property having a fair market value greater than its original purchase price.

Real estate can be a personal residence, vacation home, timeshare property, farm, commercial property or undeveloped land.

A charitable remainder trust provides you or other named individuals income each year for life or a period not exceeding 20 years from assets you give to the trust you create.

You give assets to a trust that pays our organization set payments for a number of years, which you choose. The longer the length of time, the better the potential tax savings to you. When the term is up, the remaining trust assets go to you, your family or other beneficiaries you select. This is an excellent way to transfer property to family members at a minimal cost.

You fund this type of trust with cash or appreciated assets—and may qualify for a federal income tax charitable deduction when you itemize. You can also make additional gifts; each one also qualifies for a tax deduction. The trust pays you, each year, a variable amount based on a fixed percentage of the fair market value of the trust assets. When the trust terminates, the remaining principal goes to The Ramapo College Foundation as a lump sum.

You fund this trust with cash or appreciated assets—and may qualify for a federal income tax charitable deduction when you itemize. Each year the trust pays you or another named individual the same dollar amount you choose at the start. When the trust terminates, the remaining principal goes to The Ramapo College Foundation as a lump sum.

A beneficiary designation clearly identifies how specific assets will be distributed after your death.

A charitable gift annuity involves a simple contract between you and The Ramapo College Foundation where you agree to make a gift to The Ramapo College Foundation and we, in return, agree to pay you (and someone else, if you choose) a fixed amount each year for the rest of your life.

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