Johanna DeStefano

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Ralph DeStefano '65 grew up in a tough Philly neighborhood. After high school, he served in the Army and then joined the Philadelphia Police Force, later working the 4-to-midnight shift so he could be a day student at Temple.

"He took classes in the daytime because he wanted the traditional college experience," says his wife, Johanna.

Throughout his life, Ralph was grateful for the outstanding education he received at Temple's College of Liberal Arts. "Ralph could relate well to his professors because he was older and intellectually interested in what they were teaching," Johanna says. "He loved his classes. And he particularly loved Chaucer."

Ralph's life in academia contrasted sharply with his life on the streets, particularly during the Philadelphia Race Riots in North Philadelphia in 1964. He worked 12-hours-on, 12-hours-off shifts during what was a harbinger of riots elsewhere in the nation.

Not long afterward, Ralph met Johanna, an elementary school teacher. He persuaded her to pursue a PhD at Stanford University in California. She went, he followed, just after they married in August of 1967.

1970 brought them to Columbus, Ohio, where they both pursued distinguished professional careers. An entrepreneur in broadcast and electronic media, Ralph built station WYNO in Athens County from the ground up, his first media "foray."

For her part, Johanna claims impressive accomplishments at the Ohio State University College of Education. Now retired, she divides her time between "town and gown," keeping active at OSU while serving on the boards of Columbus's symphony and opera.

Ralph passed away in 1996. In his honor, Johanna established a trust to support freedom of speech at Temple's School of Media and Communication. "Given the time Ralph spent on the police force and the amount of time he spent reading about First Amendment "erosion," this was the way to support a cornerstone of democracy," Johanna says.

The trust pays Johanna a guaranteed monthly income for life. Upon her death, the principal will support Temple.

"Temple started as a school that offered a working class education for young men and women. It's still their route to a wider world," Johanna says. "And with help from alumni and friends, Temple has the platform, professional schools and core curriculum in the liberal arts to be a truly great institution."

A charitable bequest is one or two sentences in your will or living trust that leave to Temple University 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 Temple University, a nonprofit corporation currently located at 1801 N. Broad Street Philadelphia, PA 19122, 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 Temple University 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 gift 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 receive an immediate federal income tax charitable deduction. 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 Temple University as a lump sum.

You fund this trust with cash or appreciated assets—and receive an immediate federal income tax charitable deduction. 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 Temple University 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 Temple University where you agree to make a gift to Temple University 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.

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