Planned giving means making a deferred gift to Cate – informing us that you have, or intend to, remember the School in your estate plans. So, planned gifts are established now, but not realized by the School until death – a long way down the road. Joining is the expression of an intention, not a legally binding commitment; we understand that plans change over time as circumstances and family needs change. Thoughtfully constructed planned gifts can help you meet personal planning goals while making a meaningful contribution to Cate. You do not need an estate attorney or financial planner to join, though you will need one to create an estate plan.
Contact me to talk about making a planned gift to Cate.
Chris Giles P’13, 15, & ’22
Director of Major Gifts and Planned Giving
805-684-8409 extension 237 or firstname.lastname@example.org
Nelson Jones ’48 – Introduces The Cate Legacy Society
Baret Bertea Walker ’84 – Cate really made a difference in my life and I want to honor that fact.
Eric Taylor ’80 — Cate is very special place; joining the Cate Legacy Society was an easy way to help keep the good work at Cate going.
Janet (Jenny) Jones – Cate is part of my family.
Kevin O’Connor – Make sure your estate goes to people and causes Important to you.
Burgess Peck ’90 – My dream is that Cate will be ‘need blind.’
Stan Cochran ’51 – Make it simple for your heirs and do a good turn for Cate.
John Hamilton ’59 – I can do the best job of allocating my resources now.
David Horowitz – Keep it Simple!
Bill New ’59 — You Don’t Have to be Old to be in the Cate Legacy Society
Rick Baum ’64 — Develop an estate plan that will benefit your family and Cate.
Steve Giusto ’80 — Each year that goes by I recognize more fully the gift that Cate was for me.
Dr. Sanderson M. Smith P’83 and ’90, Faculty 1964-2004 — Planning is important!
Sanderson Smith, Cate math faculty for 40 years, explains why a living trust
Contrary to common belief, a living trust is not a concept that benefits only the wealthy. It can, in fact, be of tremendous benefit to those with modest estates. My very recent experience is evidence of this. More
Why the Gail and Ed Miller Family Decide on Cate as an IRA Beneficiary
When Dr. and Mrs. Edward Miller of Las Vegas Nevada sent their son, Andy ’87, and daughter, Liza ’90, to the Mesa, they did not realize the lasting impact Cate would have on all of their lives. Recently, Ed and Gail designated Cate a beneficiary in their IRA. Here all the members of the Miller family describe their reasons for supporting Cate. More
Bargain Sale — Good for Me, Good for Cate
In 1982, my wife Jo and I purchased what was then known as the “Hales Ranch” on Lillingston Canyon in Carpinteria. More
4 to 1 Leverage Make Cate the Choice as Our IRA Beneficiary
I wanted to take this opportunity to tell you how impressed I am with the stewardship at Cate School going into our 100-year celebration, the Centennial. More
Doing Well By Doing Good — A Letter From Bob Kirby on CRTs
Several years ago I found myself in the position of holding a very low cost security that was subject to a call at the current market price by another party. I was certain that the security would be called and therefore faced the prospect of having the value of the asset reduced by about 25% due to federal and state capital gains taxes. More
The information on this website is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. Figures cited in examples are for hypothetical purposes only and are subject to change. References to estate and income taxes include federal taxes only. State income/estate taxes or state law may impact your results.
A charitable bequest is one or two sentences in your will or living trust that leaves Cate School a sum, tangible property, a percentage of your estate, or a gift contingent upon certain events.
A specific bequest gives a specific item or specific piece of property to Cate School. Such bequests are fulfilled first, before cash and residuary bequests. If the donor disposes of the specified property during his or her lifetime, there will be no bequest to Cate School.
“I give ________________ (describe asset) to Cate School, a California non-profit corporation (tax ID Number: #95-1644630), 1960 Cate Mesa Road, Carpinteria, CA 93013, to further the objectives and purposes of Cate.”
A cash bequest provides Cate School with a specified sum of money from a donor’s estate. These bequests are fulfilled second, after specific and before residuary bequests.
“I give _____ Dollars ($_____) to Cate School, a California non-profit corporation (tax ID Number: #95-1644630), 1960 Cate Mesa Road, Carpinteria, CA 93013 to further the objectives and purposes of Cate.”
A residuary bequest is made from the residue, or what remains in a donor’s estate after specific and cash bequests, taxes, settlement costs and debts are satisfied. This type of bequest is sensitive to changes in the size of the estate over time.
“I give the residue (or _____ percent of the residue) of my estate to Cate School, a California non-profit corporation (tax ID Number: #95-1644630), 1960 Cate Mesa Road, Carpinteria, CA 93013, to further the objectives and purposes of Cate.”
Wall Street Journal, September 2, 2022
New York Times, July 16, 2020
Forbes, March 23, 2020
WSJ, February 27, 2020
Forbes, August 16, 2019
NYT, September 7, 2018
Roll Call, December 12, 2016
Wall Street Journal, December 9, 2016
Bloomberg, December 9, 2016
These animated videos provide general information about estate plans and planned giving.