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Establishing a Legacy to Help Make a Bryant Education Possible


Ronald Pittori will fund the Salvatore, Marietta and Ronald Pittori '62 Endowed Scholarship for the next generation of students.

The importance of a good education was taught to Ronald Pittori '62 by his parents, Salvatore and Marietta Pittori.

"They told me one of the greatest things that you can have is an education," Pittori says. "It is such an important stepping stone that leads to bigger and better things."

A marketing major, Pittori worked for 24 years as one of Blue Cross/Blue Shield of Connecticut's top salesmen. On the side, Pittori was an entrepreneur, making and selling jewelry. "I'd go to New York practically every week to buy parts, and I had a workshop in my office where I would make rings, bracelets, and necklaces for many important people."

Pittori recently made a significant bequest intention to establish the Salvatore, Marietta, and Ronald Pittori '62 Endowed Scholarship.

"If I can further someone else's education, I know that is something my parents can look down and be proud of," Pittori says. "I graduated from Bryant and now I hope that I am able to help future students graduate from this University."

Pittori has asked the University to look for specific students when awarding his scholarship, including:

  • Residents of Connecticut and Rhode Island
  • Marketing majors
  • Fulltime Students who have financial need

Pittori visited Bryant for the first time in many years recently and was very impressed with the campus.

"It's great to see all the work that has been done here to make this a beautiful campus," Pittori says. "I was touched to see the names of professors I had in the past such as Nelson Gulski and Norman Sarkisian still being honored by the University."

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A charitable bequest is one or two sentences in your will or living trust that leave to Bryant 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

Bequest Language

"I, [name], of [city, state ZIP], give, devise and bequeath to Bryant University [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 Bryant 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 potential 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 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 Bryant 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 Bryant 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 Bryant University where you agree to make a gift to Bryant 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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