You may choose to establish an endowment for your loved one, favorite relative, teacher, or leave your own legacy.
Endowments are permanent funds because only the interest earned on an annual basis is allocated for the purpose you specify. An endowment can be funded with outright gifts over a number of years or though a planned gift or will commitment. The minimum level for an endowment is $25,000.
Restricted funds are those significant gifts that are only to be used for a specific purpose in the University.
If you choose to give unrestricted funds, this enables the University to have maximum flexibility to use the funds where they are needed most and to advance the academic needs of the institution.
"The key to happiness in every area of your life is gratitude and giving. I am inspired by the many wonderful people who know these principles already. If you want friendship, be a good friend. If you want blessings in your life, then give," says Irene Dedio '92.
No one could live these words of wisdom more than Irene and Sam Dedio ’88, a member of the Foundation Board and senior portfolio manager for Artio Global.
Irene tells about the ultimate pay-it-forward lesson experienced by her mother. When she found herself short of cash at a check-out counter one day, a kind woman helped her pay for her groceries. The encounter did not leave her mother embarrassed but instead empowered her to give to someone else. This lesson forever struck a chord in the lives of Irene and Sam.
Lacking resources when they were first married, Sam and Irene began giving back by donating their time to the Make-A-Wish Foundation. They found that the more they gave, the more they received. As a result, they have kept on giving, and William Paterson University and its students are a beneficiary of their philosophy and philanthropy. They established the Sam and Irene Dedio Endowed Scholarship and remain actively involved in the life of the University. Sam and Irene reside in Kinnelon, New Jersey, with their two children, Sam and Ava.
Scholarships and Faculty Development
Ontel Products, a $300 million direct response sales and marketing company, has pledged $1 million to William Paterson University in support of students and faculty. The company’s founder and chief executive officer is entrepreneur Chuck Khubani, a 1983 graduate of the University.
The gift will support scholarships for high-achieving incoming students for the University’s Cotsakos College of Business. It will also support faculty development initiatives at the College including increased technical skills that enhance teaching excellence and faculty research and scholarship.
“I am a big supporter of education, and look forward to partnering with William Paterson University and its Cotsakos College of Business to recruit the best and brightest students and to further enhance Ontel’s community service,” says Khubani.
Ontel Products Corporation develops, manufactures, markets and distributes innovative consumer products. Pioneers in the “As Seen On TV” industry, Ontel has been consistently and successfully providing consumers with innovative solutions to their everyday problems. Founded in January 1994 by Chuck Khubani, Ontel Products Corporation quickly became a multi-million dollar business and a leader in the direct response and retail industry. With innovations such as the short-form infomercial and products such as Snap Hook, Gopher, Glass Wizard, Dryer Balls and Swivel Sweeper, Ontel’s products are recognized and used all over the world.