Forward-thinking donors can ensure that our schools continue to provide a quality education for all of our students, not just today but for generations to come. You can help sustain our important educational mission for the future by including a simple provision in your estate plans that names Santa Barbara Education Foundation as a beneficiary of your:
Bequest in a Will or Living Trust
The simplest way to provide for public education in your estate plans is through 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.
Recommended language can be found at this link to Bequest Language.
A very tax-effective way to leave a legacy gift to SBEF is to name the Santa Barbara Education Foundation as the beneficiary of your IRA, retirement pension or annuity. All of these assets will be subject to significant taxation (both income and estate taxes) if you leave them to your heirs. In contrast, the full value of the asset can be transferred tax-free to a qualifying charity like SBEF. It is easy to name SBEF as a full or partial beneficiary on the forms provided to you by the custodian of your assets.
You may also name SBEF as the beneficiary of an existing insurance policy you no longer need or buy a new policy that names SBEF as beneficiary.