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George P. Cortner Heritage Society

Cortner Society

From 1914 to 1946, George P. Cortner served the University of Redlands as business manager. At the conclusion of his tenure, he left behind a legacy of hard work, sacrifice, and service that has characterized the university ever since.

Cortner believed deeply in the value of a liberal arts education, and for 32 years he tirelessly devoted his energies to making Redlands a high quality liberal arts institution. During his service as business manager, he guided the construction of 13 buildings and the landscaping of the quadrangle, which included live oak saplings taken from the Cortner family home, all done with his characteristic integrity and all financed through his fundraising efforts.

Cortner's devotion extended beyond the university. He served the City of Redlands as mayor, as well as in many other capacities of public trust. In 1931, Cortner received the Knights of Round Table Grail Award in recognition of his unselfish civic service. Today, several familiar Redlands landmarks, including the Redlands Bowl and Sylvan Park, bear tribute to his commitment.

George P. Cortner Heritage Society honors Cortner for his many tangible and intangible legacies to the university. It also honors those special individuals who have committed themselves to leaving legacies of their own to Redlands.

Membership in the George P. Cortner Heritage Society

You are eligible for membership in the Cortner Society if have named the university as a beneficiary of one or more of the following:

  • Your estate.
  • A charitable remainder annuity trust or unitrust, a charitable gift annuity, or the University of Redlands Pooled Income Fund Trust.
  • A qualified retirement plan (e.g., 401(k), 403(b), or IRA).
  • A cash-value life insurance policy or a commercial annuity.

You are also eligible for membership if:

  • You transfer certain real property to the university subject to a life estate.
  • Name Redlands as an income beneficiary of a charitable lead trust.

As a member of the Cortner Society you would be listed along with the other members on a tasteful, understated plaque mounted in the foyer of the Casa Loma Room and annually in the Honor Roll of Donors. You also would receive special mailings and invitations to special events periodically.

Most important, you would enjoy the satisfaction that comes with knowing your generosity will help inspire the minds and shapes the hearts of Redlands students for all time.

A charitable bequest is one or two sentences in your will or living trust that leave to University of Redlands a specific item, an amount of money, a gift contingent upon certain events or a percentage of your estate.

an individual or organization designated to receive benefits or funds under a will or other contract, such as an insurance policy, trust or retirement plan

Bequest Language

"I, [name], of [city, state ZIP], give, devise and bequeath to University of Redlands [written amount or percentage of the estate or description of property] for its unrestricted use and purpose."

able to be changed or cancelled

A revocable living trust is set up during your lifetime and can be revoked at any time before death. They allow assets held in the trust to pass directly to beneficiaries without probate court proceedings and can also reduce federal estate taxes.

cannot be changed or cancelled

tax on gifts generally paid by the person making the gift rather than the recipient

the original value of an asset, such as stock, before its appreciation or depreciation

the growth in value of an asset like stock or real estate since the original purchase

the price a willing buyer and willing seller can agree on

The person receiving the gift annuity payments.

the part of an estate left after debts, taxes and specific bequests have been paid

a written and properly witnessed legal change to a will

the person named in a will to manage the estate, collect the property, pay any debt, and distribute property according to the will

A donor advised fund is an account that you set up but which is managed by a nonprofit organization. You contribute to the account, which grows tax-free. You can recommend how much (and how often) you want to distribute money from that fund to Redlands or other charities. You cannot direct the gifts.

An endowed gift can create a new endowment or add to an existing endowment. The principal of the endowment is invested and a portion of the principal’s earnings are used each year to support our mission.

Tax on the growth in value of an asset—such as real estate or stock—since its original purchase.

Securities, real estate or any other property having a fair market value greater than its original purchase price.

Real estate can be a personal residence, vacation home, timeshare property, farm, commercial property or undeveloped land.

A charitable remainder trust provides you or other named individuals income each year for life or a period not exceeding 20 years from assets you give to the trust you create.

You give assets to a trust that pays our organization set payments for a number of years, which you choose. The longer the length of time, the better the potential tax savings to you. When the term is up, the remaining trust assets go to you, your family or other beneficiaries you select. This is an excellent way to transfer property to family members at a minimal cost.

You fund this type of trust with cash or appreciated assets—and may qualify for a federal income tax charitable deduction when you itemize. You can also make additional gifts; each one also qualifies for a tax deduction. The trust pays you, each year, a variable amount based on a fixed percentage of the fair market value of the trust assets. When the trust terminates, the remaining principal goes to Redlands as a lump sum.

You fund this trust with cash or appreciated assets—and may qualify for a federal income tax charitable deduction when you itemize. Each year the trust pays you or another named individual the same dollar amount you choose at the start. When the trust terminates, the remaining principal goes to Redlands as a lump sum.

A beneficiary designation clearly identifies how specific assets will be distributed after your death.

A charitable gift annuity involves a simple contract between you and Redlands where you agree to make a gift to Redlands and we, in return, agree to pay you (and someone else, if you choose) a fixed amount each year for the rest of your life.

Personal Estate Planning Kit Request Form

Please provide the following information to view the materials for planning your estate.

eBrochure Request Form

Please provide the following information to view the brochure.