Planned Giving

Local Resident Makes $500,000 Bequest to Establish Scholarship Fund at Ramapo College

Sofia and Edward Dembia smilingSofia Wojciechowski was born in 1917, the oldest of four children of Polish immigrants. Sofia grew up in Mahwah, N.J., and in 1945 she married Edward Dembia, who was also of Polish descent. Sofia worked as a legal secretary before obtaining New Jersey real estate and insurance licenses. She was the owner and operator of Ramsey Interstate Realty and Insurance for many years.

Sofia valued hard work and frugality. She took pride in recounting that her initial salary as a legal secretary was $5 per week. At that time, she created a weekly "Christmas club" and tried to save $1 per week for the 50 weeks of the club. Many years later, she was pleased to recall that in that first year, she'd "only" saved $48.

Sofia and Ed maintained ties with Poland through their parish church, Immaculate Heart of Mary Church in Mahwah. They were active parishioners who worked to keep the Polish traditions alive in the parish. They traveled to Poland often and hosted Polish relatives when they visited the United States. The Dembias routinely sent packages of hard-to-find goods to relatives in Poland during the years of Communist rule.

Sofia died in 2010 at age 93. In her will, Sofia bequeathed $500,000 to create the Wojciechowski-Dembia Scholarship at Ramapo College, a permanently endowed fund for students to pursue any course of study. Whenever possible, Sofia desired that the scholarship "be given to students of Polish descent or students demonstrating a continuing interest in Polish culture."

Please contact us to learn more about endowing a scholarship to help Ramapo College students for years to come.

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.

Personal Estate Planning Kit Request Form

Please provide the following information to view the materials for planning your estate.

eBrochure Request Form

Please provide the following information to view the brochure.