Another simple, commonly used method to ensure Cato’s legacy is naming the Cato Institute as a beneficiary in your will. You can do this in one of three ways:
- You can leave Cato a specific amount of cash or specific assets.
Example:“I give the sum of $100,000 to the Cato Institute,” or “I give 500 shares of XYZ Corporation stock to the Cato Institute.”
- You can leave Cato a fixed percentage of your estate.
Example:“I give 30 percent of the residue of my estate to the Cato Institute.”
- You can leave Cato all or part of the residue of the estate after bequests to other beneficiaries have been made.
Example:“I give the residue of my real and personal estate to the Cato Institute.”