Leave a Legacy-original
We make a living by what we get; we make a life by what we give.
– Winston Churchill
The simplest way to provide for public education in your estate plans is to do a simple bequest in your will or living trust, designating the Santa Barbara Education Foundation as the beneficiary of a specific dollar amount, a percentage of your estate, the residue of your estate, or some item of real or personal property. Please call our office at (805) 284-9125 to request recommended bequest language to share with your attorney, or e-mail Margie Yahyavi, our Executive Director, at Margie@santabarbaraeducation.org.
You may also name the Santa Barbara Education Foundation as the beneficiary of an insurance policy, or the beneficiary of all or a portion of your retirement assets, such as an IRA. You only need to complete the beneficiary form provided by your insurance company or the custodian of your IRA or other retirement pension. Whereas your heirs will have to pay both income and estate tax on any retirement assets you leave them, a charity like the Santa Barbara Education Foundation will benefit from 100% of the value of your gift because we are tax exempt. The Legacy Life Giving Program is one program you might want to choose that helps people make a big difference in the world today by turning small donations into big donations through life insurance policies.
There are also gifts like charitable gift annuities and charitable remainder trusts that can provide lifetime income to you and your spouse, at rates significantly higher than CDs, and more secure than the volatile stock market. Such irrevocable gifts also provide you with an income tax deduction now. To discuss these opportunities further, please call (805) 284-9125 or email Margie@santabarbaraeducation.org. We will put you in touch with a planned giving expert who can answer your questions and provide complimentary projections detailing the benefits to you of a life-income gift.
Leave a legacy to public education in Santa Barbara by remembering the Santa Barbara Education Foundation in your estate plans.