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.

  • Insurance policy or retirement assets

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 pensions. 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.

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  • Charitable gift annuities and charitable remainder trusts

These types of gifts can provide lifetime income to you and your spouse, at rates significantly higher than CD’s, and are more secure than the volatile stock market. Such irrevocable gifts also provide you with an income-tax deduction now. We can put you in touch with a planned giving expert who will answer your questions and provide complimentary projections detailing the benefits to you of a life-income gift.

To discuss these opportunities further, please call (805) 284-9125 or email margie@santabarbaraeducation.org.

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