Planned Giving

Sharing a Little Bit of Luck

Liz Mastrangelo, President Peter P. Mercer and Ralph Mastrangelo smiling

Left to right: Liz Mastrangelo, President Peter P. Mercer and Ralph Mastrangelo

Ralph Mastrangelo, Chairman of the Ramapo College Board of Governors, and his wife Liz feel a special connection to the College. They share their story...

Q. What brought you to get involved with Ramapo College?
A. We always knew Ramapo College was right there in our backyard, and we attended events on occasion over the years, but we never really got to know it until we were introduced by good friends to the Performing Arts Series sponsored by The Ramapo College Foundation. Besides enjoying the opportunity to attend some terrific performances, we got to meet some of the college administrators and students. We were very impressed! Through those events, we learned more about the school, its goals and needs. The more we learned, the more we wanted to get involved. The Salameno Spiritual Center initiative really got our attention. We loved the fact that the faculty saw the need and the administration responded in such a positive way. We wanted to be part of that wonderful project. Also, being a banker and a nurse, we very easily identified with the business and nursing schools' initiatives which were completed more recently.

Q. Who or what has contributed to your life success? Do you think of the planned gift as a way to give back?
A. We both grew up in New York City, in families that had faith-based values and parents that provided the love and support that, we believe, made achieving success in life perhaps a little easier for us. A little bit of luck and a lot of hard work never hurts either. We are very grateful for what we have been given, and have come to realize that not everyone is necessarily as fortunate. Plannedgiving gifts do provide a way to give back and, perhaps more importantly, can help remove obstacles for students who are willing to work hard and need a bit of help and, yes, some luck along the way.

Q. Why did you decide to create a charitable gift annuity? What were your objectives?
A. Easy decision. The annuity products available through The Ramapo College Foundation programs are a winwin for the donor and the College. We wanted to provide financial support to the College, and discovered that we could meet that objective and at the same time meet some personal tax, estate planning and income objectives. What is better than that!

Q. What advice would you like to pass on to the next generation of Ramapo College students?
A. Try to define what is "life success" for you, and know that all is possible given the wonderful education you are receiving at Ramapo and all the support that is available from your faculty, administration and The Ramapo College Foundation. With a lot of hard work and a little bit of luck, you, too, will get there.

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.