Planned Giving

Making a Difference for At-Risk Children

Drs. Jeffrey and Ellen Kaiden with Xiomara Robinson.

Drs. Jeffrey and Ellen Kaiden with scholarship recipient, Xiomara Robinson.

Drs. Ellen and Jeffrey Kaiden Ellen Kaiden, Ed.D., established the Drs. Ellen and Jeffrey Kaiden Urban Educator Scholarship at the Ramapo College Foundation in 2005. Ellen is a professor of Reading and Education in the School of Social Science and Human Services. Her husband, Jeffrey, is an ophthalmologist practicing in Westwood, N.J. The intent of the Kaiden Scholarship is to foster interest in teaching at-risk students in urban environments.

Each year the scholarship is awarded to a Ramapo College student who elects to student teach at-risk students. The Kaidens seek to address the inequities in the education system and believe every child deserves a highly qualified teacher. Further, pre-service teachers benefit from the opportunity to make a huge difference in the lives of at-risk children.

Ellen has been involved with Ramapo's Teacher Education program for many years. In 1990, she secured a U.S. Department of Education grant to create the Student Literacy Corps course, which continues to this day. The course educates Ramapo students about illiteracy, provides them with the tools to remediate this problem and includes a required service-learning component in an urban school in Passaic County.

Xiomara is from Paterson, N.J., and completed her fieldwork for the Student Literacy Corps in her hometown. "She is passionate about making a difference in the lives of children," says Ellen. "She understands the need to be both a mentor and a teacher to students who may not have a guiding academic force in their lives."

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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