Kathy Azzara graduated from Ramapo College in 2002 with a bachelor's degree in Psychology from the School of Social Science and Human Services. She and her husband, Michael, have been active supporters of the College for many years. In 2007, Kathy established the Kathy Azzara Scholarship for students pursuing a bachelor's of science degree in Nursing. The Kathy Azzara Scholarship recognizes hardworking students who are committed to service and who believe in giving back. Kathy says, "I wanted to encourage students and let them know that someone is interested in helping them reach their potential."
In 2009, Kathy and Michael found a way to provide additional funds for their scholarship and more encouragement for Ramapo College students. With a donation of appreciated stock to the Ramapo College Foundation, Michael and Kathy created a charitable gift annuity that will provide them with guaranteed payments for both of their lives, an income tax deduction and reduced capital gains tax. Later, proceeds from the gift annuity will benefit the Kathy Azzara Scholarship.
"A charitable gift annuity is a wonderful way to make a gift," says Kathy. "We get a wonderful return on our gift and other tax benefits, and the proceeds will provide increased scholarship support for future Ramapo College students." Mike adds, "Creating a charitable gift annuity with the Ramapo College Foundation is simple and easy. After transferring the stock to the Foundation, we were able to create the gift annuity in a matter of days."
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