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Families Create Lasting Legacies for Loved Ones through Endowed Scholarships
The Rose and Pietro DiNardo Scholarship
The DiNardo Family circa 1919
Over a century ago, Pietro DiNardo emigrated to this country from Italy, met and married his beloved Rose, and together they began a lifelong love story with Jersey City, for themselves, their 20 children, and their myriad grandchildren who followed. Donna Di Nardo ’76 described how her grandfather was a produce peddler, with a horse and wagon, and later a wholesale banana distributor, "The Banana King". Rose was a grandma to the neighborhood, always sharing what little she had with anyone she saw in need. Their generations of offspring went on to become integral weavers of the tapestry of Jersey City life, serving in the realms of politics, community outreach, education, law—directly giving back to their hometown. At least 5 grandchildren and 3 great-grandchildren are alumni of St. Peter's College, as it was named at the time.
Inspired by others who had endowed a scholarship in their family’s name, Donna established an endowed scholarship to honor her grandparents. As Donna explained, “My family's story is one example of the American Dream come true. My hope is that the Rose and Pietro DiNardo Scholarship will make it possible for other students' American Dreams to become a reality."
The Colbert Family Endowed Scholarship
Nola and Tom Colbert '61
"We are delighted to participate in the Legacy Challenge. Our future gift through our trust will establish our family endowed scholarship to support the diverse student population that Saint Peter's University proudly serves."
—Nola and Tom Colbert '61
The Kaiser Family Endowed Scholarship
Robert Kaiser ’64, shown with his family
“As an only child and a first-generation college grad, it was important to me to take care of my family. Now I want to contribute to Saint Peter's who advised me in tough times and steered me toward a successful career. I was always a saver, so now I am happy to direct a portion of my IRA to the next generation of Peacocks.”
—Robert Kaiser ’64
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 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 Saint Peter's University 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 Saint Peter's University as a lump sum.