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Challenge Accepted: Jacqueline and George A. Rada ’56
Jacqueline Rada used a gift in her will to establish the Jacqueline and George A. Rada ’56 Endowed Scholarship as part of the Legacy Challenge.
The late George A. Rada '56 was a gifted realist painter, who worked and exhibited in New York City. A lifelong student of the Classics, George was known for his cityscapes, as well as portraiture series focusing on women and dolls. His wife, Jacqueline Sferra Rada, herself an artist, described her late husband as a true Renaissance Man. Following his death, Jacqueline developed a deep love of Ignatian spirituality and provided annual support for students at Saint Peter's University.
When Jacqueline learned of a special opportunity to support Saint Peter's students now with a future gift (with no current out of pocket cost), she was moved to join the Legacy Challenge and established the Jacqueline and George A. Rada '56 Endowed Scholarship through a bequest in her will. As Jacqueline explained, "The Rada Endowed Scholarship will enable future students to embark on a journey of Ignatian spirituality at Saint Peter's that will enrich them spiritually and intellectually."
The Legacy Challenge is an innovative matching gift program that unlocks an immediate cash match to the General Scholarship Fund for donors who document a new or increased planned gift through their will or other assets. The future planned gift qualifies for matching funds equal to 10% of the value of the commitment (up to $10,000) at no current out of pocket cost.
Like the Radas, you too can make a difference by participating in the Legacy Challenge. For more information about helping both today's and tomorrow's students, visit our Legacy Challenge page.
Also, please let us know if you have already included Saint Peter's in your future plans or are in the process of updating your estate plans and give 10% to Saint Peter's University with the Legacy Challenge match. To learn how you can join the Legacy Challenge, contact Sharon T. Morrissey, M.B.A., M.Ed. '13 at (201) 761-6126 (office) and (201) 618-4230 (cell) or firstname.lastname@example.org.
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.