Supporting the Next Generation of Park Leaders

George Bristol

George Bristol has spent most of his adult life devoted to parks.

In 1961, he was a student at the University of Texas and took a summer job on a trail crew at Glacier National Park. That was the beginning of a lifelong love affair with national parks that eventually led to his appointment to the board of the National Park Foundation, where he raised the public profile of national parks during his tenure.

He then put those fundraising and advocacy skills to work on his home ground in Texas to solidify support for the state parks system. Over the course of nearly two decades, Bristol worked tirelessly to promote and enhance Texas State Parks. He served as chairman of the Texas State Parks Advisory Committee and led a statewide effort for better park funding. In 2007, the Texas Legislature nearly tripled the appropriations to parks, and in 2015, the Legislature passed HB158, which dedicates all revenue generated by the sporting goods sales tax to Texas parks and historic sites.

Not one to rest on his laurels, Bristol is continuing his efforts to ensure a quality park system in Texas for generations to come. That’s why Texas Parks and Wildlife Foundation was the perfect place to establish a fund that will support continued education for park employees. Grants from the George Bristol Texas Parks Leadership Fund will enable qualified State Parks Division staff at Texas Parks and Wildlife Department to attend nationally recognized leadership training programs.

“There was no question about where this fund should be housed,” said Bristol. “Texas Parks and Wildlife Foundation has been supporting Texas State Parks for more than a quarter of a century. I am honored to have my name associated with a fund that will continually improve the education of Texas’ state park employees and provide the tools for staff to conserve the best of our shared natural and historic treasures.”

A charitable bequest is one or two sentences in your will or living trust that leave to Texas Parks and Wildlife Foundation 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

I bequeath $ _____________ or _____% of my residuary estate to Parks and Wildlife Foundation of Texas (dba Texas Parks and Wildlife Foundation), a not-for-profit organization, with its principal office located at 2914 Swiss Avenue, Dallas, TX 75204, and with a tax identification number 74-2602504, for its ongoing conservation, education and recreation purposes.

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

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 TPWF 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, commercial property, farm, ranch 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 TPWF 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 TPWF 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 TPWF where you agree to make a gift to TPWF 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.

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