In the Know
In lieu of payment, a donation was made to Benedetta �agliabue’s charity of choice.
by Nick Masuda
The Culture of Cate? How Multiple Investigations into School are Revealing Decades of Potential Abuses
W Benedetta Tagliabue. Award-winning architect and co-founder of Miralles Tagliabue EMBT.
Why wouldn’t I invest in my values? You could leave the world in a better place. For more than a decade, UBS has offered meaningful sustainable investing solutions. Independent research has shown that investing sustainably can deliver the same or better returns than traditional approaches. �alk to me about your legacy today.
Christopher T. Gallo, CFP®, CIMA®, CPWA® �ice President��ealth Management Portfolio Manager 805-730-3425 christopher.t.gallo�ubs.com Christopher Gallo UBS Financial Services Inc. 222 East Carrillo Street, Suite 106 Santa Barbara, CA 93101 805-730-3425 800-262-4774
endy Ward Hoffer kept her secret for nearly 35 years, recently revealing she was sexually abused by a faculty member during her sophomore and junior years at Carpinteria’s Cate School (1984-86), describing herself as a 15-year-old torn between trying to win the support of her teacher and the ongoing fear of what would happen if she said, “No.” Hoffer’s revelation is a primary reason the Cate School finds itself mired in two external investigations that are focused on alleged incidences of sexual harassment and abuse — both short- and long-term — while also facing accusations of a decades-long aversion to tackling an on-campus culture that has reportedly tolerated misogyny, grooming, homophobia and racism, ultimately offering limited transparency in addressing these claims. And while the Santa Barbara County Sheriff’s Department investigates one former faculty member for alleged crimes that occurred in the 2019-2020 school year, incidents involving other victims stepping forward with little if any institutional support extend back as far as the 1980s, shortly after the Cate School shifted from all-boys to a well-respected co-ed institution. Cate, a boarding school of 270 students from 20 countries, isn’t alone in facing serious sexual misconduct allegations along the South Coast, following in the recent footsteps of Ojai’s
Wendy Ward Hoffer has been active in telling her own story of alleged sexual abuse at Cate, while also advocating for others
Thacher School, which recently publicly released an explosive 91-page report that revealed multiple faculty members harassing and abusing students. And these issues aren’t exclusive to private boarding schools such as Cate and Thacher, they also reached Santa Barbara High’s MAD Academy in the 2018-19 school year, when the academy’s director was forced out amid reports of parties and get-togethers with students at his private residence. “Abuse never happens in a vacuum,” said Eric MacLeish, a wellknown attorney that represented hundreds of sexual abuse victims in Boston’s Catholic priest sexual abuse scandal, as well as hundreds more at East Coast boarding schools. He currently represents one Cate sexual
In the Know Page 304
ubs.com/fa/christophertgallo
ESG/sustainable investing considerations: Sustainable investing strategies aim to consider and in some instances integrate the analysis of environmental, social and governance (ESG) factors into the investment process and portfolio. Strategies across geographies and styles approach ESG analysis and incorporate the findings in a variety of ways. Incorporating ESG factors or sustainable investing considerations may inhibit the portfolio manager’s ability to participate in certain investment opportunities that otherwise would be consistent with its investment ob�ective and other principal investment strategies. �he returns on a portfolio consisting primarily of ESG or sustainable investments may be lower or higher than a portfolio where such factors are not considered by the portfolio manager. Because sustainability criteria can exclude some investments, investors may not be able to take advantage of the same opportunities or market trends as investors that do not use such criteria. Companies may not necessarily meet high performance standards on all aspects of ESG or sustainable investing issues� there is also no guarantee that any company will meet expectations in connection with corporate responsibility, sustainability and/ or impact performance. In providing wealth management services to clients, UBS Financial Services Inc. offers both investment advisory and brokerage services, which are separate and distinct and differ in material ways. For information, including the different laws and contracts that govern, visit ubs.com/ workingwithus. Certified Financial Planner Board of Standards Inc. owns the certification marks CFP®, Certified finanCial PlannerTM and federally registered CFP (with flame design) in the US, which it awards to individuals who successfully complete CFP Board’s initial and ongoing certification requirements. CIMA® is a registered certification mark of the Investment Management Consultants Association, Inc. in the United States of America and worldwide. For designation disclosures, visit ubs.com/us/en/ designation-disclosures. © UBS 2019. All rights reserved. UBS Financial Services Inc. is a subsidiary of UBS AG. Member FI��A�SIPC. CJ-UBS-767549878+2 Exp.: 09/30/2020
6
MONTECITO JOURNAL
The school is still being investigated by the Oppenheimer Investigations Group as of July 20
“We meet no ordinary people in our lives.” – C.S. Lewis
22 – 29 July 2021