Cabrini receives grant from Sons of Italy

KELLIE BELMONTE STAFF WRITER KRB722@CABRINI EDU

Cabrini College has received a check for a grant from Mr. William Bucci, the state president of the Order Sons of Italy (OSIA) and vice president of Private Client Group at Ryan Beck and Company, and Robert D’Anjolell, the chair of the Charitable Education Trust and president of D’Anjolell Memorial Homes in Broomall, Pa. in the amount of $10,000. The grant is in the name of the Charitable Education Trust of the OSIAin America’s Grand Lodge of Pennsylvania.

The purpose of this grant is to fund academic scholarships and cultural programming that will focus on “Italian immigration experience: Its impact on American culture, the Philadelphia region and Cabrini College.”

OSIAwas established in 1905 and is the biggest organization in the United States representing Italian Americans, consisting of more than 575,000 members and supporters. OSIAis an organization that works everywhere from community to international levels in an effort to promote the heritage and culture of close to 26 million Americans of the Italian heritage.

The two men, Bucci, and Anjolell presented, the check to President Antoinette Iadarola. Bucci and Anjolell are also members of the Cabrini College Board of Trustees.

This year, Cabrini has been focusing on a theme of immigration, which has been carried out in many ways through curriculum, lectures, discussions and trips. The reason that much of this programming has been made is because of a prior grant given by the National Italian American Foundation. This new grant from the OSIA promises to ensure more examination and discussion about the Italian-American experience.

$100,000 would pay more into the fund, this would temporarily improve the situation.

Dr. Mary Harris, an associate professor of business administration, says there are other options to these two popular ideas. Harris says the other two options would be to either increase the age of retirement or certain standard of living. a deduction in benefits being paid out.

Harris is not a firm supporter of Bush’s plan for private accounts. She explained that Social Security was originally set up during the depression to provide money for those who were retired or widowed and force those who were working to set money aside for their retirement. Harris continued to say that there was never an intention to establish Social Security to provide money to keep those who are retired in a

Harris says private accounts are not the answer because people could invest incorrectly and lose everything and people cannot live off just Social Security. Harris says that the reason there are 401K plans and corporate pension plans is so that people can receive money from another source along with Social Security, but Social Security alone is not enough to survive on. There are so many unknowns as of right now and one of the biggest being the future status of the trust fund when the baby boomers start to retire. Will there be any money left for generation Y? Financial advisers strongly believe that if the government does not reform Social Security soon there may not be enough for those considering about retirement in 2042.