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FREEDOM HALL SOCIETY
GLOSSARY
Beneficiary: One named in a will, trust, or other legal document to receive an interest in an estate. One named in a trust to receive either income or the remainder of the trust. The income recipient or “annuitant” of a charitable gift annuity. The one who receives the death benefit paid by a life insurance policy.
Bequest: A direction in a will to distribute property or money, a “legacy.”
Charitable Lead Trust: An irrevocable trust that pays income to charity for a number of years and then distributes its remainder to one or more individuals.
Charitable Remainder Trust: An irrevocable trust that pays income to one or more individuals either for life or for a number of years and then distributes its remainder to one of more charitable organizations.
Irrevocable Trust: A trust that cannot be changed or dissolved.
Life Estate: A gift of property in which the donor retains the right to use the property for life.
Life Income Gift: A charitable gift plan allowing a donor to make a contribution and, as a result, receive an income for one or more individuals.
Personal Property:
- Tangible: physical objects such as jewelry, artwork, antiques, automobiles, and clothing
- Intangible: items the value of which is not tied to their physical form such as royalties or patents
Probate: The legal process of proving the validity of a will, used loosely to mean the administration of an estate.
Real Property: Land and the buildings, fixtures, and other items that are attached to it in a relatively permanent manner.
Revocable Trust: A trust that can be changed or dissolved by the grantor or others.
Trust: An arrangement whereby property is held and managed for the benefit of others.
Trustee: Party legally responsible for carrying out the terms of a trust.
Will: A legal instrument disposing of a person’s property at the time of his or her death.
LEAVE A LASTING LEGACY AND MAKE A PLANNED GIFT TO THE GEORGE W. BUSH PRESIDENTIAL CENTER TODAY.
The George W. Bush Presidential Center’s Freedom Hall Society is a commitment to shaping the future of freedom, opportunity, accountability, and compassion. By including the Bush Center in your estate plan, you are carrying on a legacy of purpose and leadership.
Named after the Bush Center’s signature architectural feature – Freedom Hall, the iconic 67-foot tower that shines brightly over campus – the Freedom Hall Society embodies that same light.
Planned gifts can provide financial and tax benefits for you and your family while enabling you to leave a lasting legacy.
“Together we can build a world that is free and just, a world that respects people’s dignity, and rewards their enterprise and creativity.”
— President George W. Bush
READ THE FREEDOM HALL SOCIETY BROCHURE
FREEDOM HALL SOCIETY BENEFITS
Members of the Freedom Hall Society receive*:
- Invitation to the annual Donor Appreciation event (or equivalent)
- Invitation to new exhibition openings
- Invitation to the Bush Center Insights Calls (or equivalent)
- Advance notice on public program ticket purchases for Engage at the Bush Center series presented by NexPoint, including priority waitlist access
- Name displayed in the Freedom Registry at the Bush Museum
*with a $100,000 or more planned gift
* benefits subject to change
View complete Freedom Hall Society Benefits
The Freedom Hall Society honors supporters of the Bush Center who make a commitment at a certain level to the George W. Bush Presidential Center through one or more of the following methods:
- Bequest Provision in a Will or Trust
- Charitable Gift Annuity
- Charitable Lead Trust
- Charitable Remainder Trust
- Life Estate Gift (Remainder Interest in Real Property)
- Life Insurance Policy
- Oil, Gas, or Mineral Interests
- Perpetual Trust
- Pooled Income Fund
- Retirement Plan Beneficiary Designation
Click to view our Gift Acceptance Policy
To learn more about the Freedom Hall Society, please contact Dee Rindt, Development Officer, Stewardship and Planned Giving, at (214) 855-4384 or [email protected].
If you have already included the Bush Center in your will or estate plans, please inform us so we can recognize you as a member of the Freedom Hall Society. All information will stay confidential.
Before making a commitment to the Bush Center, please consult a financial and legal adviser to help determine which planned giving vehicle is best for you.
The information on this website is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. Figures cited in any examples are for illustrative purposes only. References to tax rates include federal taxes only and are subject to change. State law may further impact your individual results.
Legal Name: The George W. Bush Foundation
Address:
George W. Bush Presidential Center
2943 SMU Boulevard
Dallas, TX 75205
Federal Tax ID Number: 20-4119317
SAMPLE LANGUAGE FOR BEQUESTS
You can include a gift to the George W. Bush Presidential Center in your will or trust. Below are sample provisions that your advisors can use to memorialize your charitable intentions toward the Bush Center. Please contact our General Counsel and Board Secretary, Guy Kerr, at [email protected] or (214) 855-4309 for assistance in wording your bequest.
Specific Bequest
With a specific bequest, you may stipulate that a certain percentage of your estate, a certain dollar amount or particular assets be given to the Bush Center. Examples of such language may include:
- “I give (the sum of $______ or ______) to the George W. Bush Foundation (Tax ID #20-4119317), Dallas, Texas, for its general purposes.”
- “I give the following described property to the George W. Bush Foundation (Tax ID #20-4119317), Dallas, Texas, for its general purposes: [describe property].”
Residuary Bequest
With a residuary bequest, you may state that all, or a portion, of the estate be given to the Bush Center after specific gifts are distributed to other beneficiaries. Examples of such language may include:
- “I give all of the rest, residue and remainder of my estate to the George W. Bush Foundation (Tax ID #20-4119317), Dallas, Texas, for its general purposes.”
- “I give _____% of the rest, residue and remainder of my estate to the George W. Bush Foundation (Tax ID #20-4119317), Dallas, Texas, for its general purposes.”
Restricted Bequest
If you want to designate how the Bush Center uses your bequest, your will or trust should specify a particular purpose. To ensure that your goals can be accomplished, please contact us before you sign your estate planning documents. An example of such language may include:
- “I give [amount, description of asset, percentage of estate, remainder, etc.] to the George W. Bush Foundation (Tax ID #20-4119317), Dallas, Texas, to be used for [purpose].”
Restricted Bequest for Endowment
If you want your bequest to be held in perpetuity while the income stream is used to support the Bush Center, your will or trust must specify that the gift creates an endowed fund. To ensure that your goals can be accomplished, please contact us before you sign your estate planning documents. An example of such language may include:
- “I give [amount, description of asset, percentage of estate, remainder, etc.] to the George W. Bush Foundation (Tax ID #20-4119317), Dallas, Texas, for the creation of [name of donor endowment fund], with the income being used for [purpose] in accordance with its endowment spending policy.”
CONTACT US
Please let us know if you have included the Bush Center in any of your planning so we can properly record your gift intention and welcome you as a new member of the Freedom Hall Society. Notifying us of your plans is also a great way to encourage others to follow your lead in supporting the mission of the Bush Center.
The information on this website is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. Figures cited in any examples are for illustrative purposes only. References to tax rates include federal taxes only and are subject to change. State law may further impact your individual results.
Legal Name: The George W. Bush Foundation
Address:
George W. Bush Presidential Center
2943 SMU Boulevard
Dallas, TX 75205
Federal Tax ID Number: 20-4119317
Dee Rindt, Development Officer, Stewardship and Planned Giving
Phone: (214) 855-4384
Fax: (214) 200-4378
Email: [email protected]