An endowment is a forever gift; a way to ensure your support for the places and organizations you care about most, like Texas Parks and Wildlife Foundation (TPWF), continues on forever. When you establish an endowment, or contribute to an existing one, you create a lasting legacy that reflects your values. You may also create a named endowment for your loved one to honor the person far into the future.
How an Endowment Works
When you make an endowed gift to TPWF, only a small portion of your gift will be spent each year. The balance is invested, allowing the gift to live on in perpetuity.
Funding Your Endowment
There are many ways to fund your endowment without using cash. Some allow you to establish your gift now, while others won’t go into effect until after your lifetime.
- Appreciated assets. Using an appreciated asset that you have owned more than one year may allow you to eliminate capital gains tax on the asset’s appreciation.
- Life insurance. Name TPWF the beneficiary of your life insurance policy, or make us the owner of a policy you no longer need.
- Retirement plan assets. Consider naming TPWF beneficiary of your retirement plan assets. After your lifetime, the funds will go to establishing your endowment.
- A gift in your will or living trust. Your gift to TPWF can be a specific amount or a percentage of your residuary estate.
Make Texas Parks and Wildlife Foundation a Part of Your Legacy