Planned Giving

Burgess Peck ’90 – My dream is that Cate will be ‘need blind.’

David Horowitz – Keep it Simple!

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.

Specific Bequest to Cate School

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.”

Cash Bequest to Cate School

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.”

Residuary Bequest to Cate School

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.”