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The Presidio Trust

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The Presidio of San Francisco (originally, El Presidio Real de San Francisco or The Royal Fortress of Saint Francis) is a park and former U.S. Army military fort on the northern tip of the San Francisco Peninsula in San Francisco, California, and is part of the Golden Gate National Recreation Area.It had been a fortified location since September 17, 1776, when New Spain established it to gain a foothold in Alta California and the San Francisco Bay. It passed to Mexico, which in turn passed it to the United States in 1848. As part of a 1989 military reduction program under the Base Realignment and Closure (BRAC) process, Congress voted to end the Presidio's status as an active military installation of the U.S. Army. On October 1, 1994, it was transferred to the National Park Service, ending 219 years of military use and beginning its next phase of mixed commercial and public use.In 1996, the United States Congress created the Presidio Trust to oversee and manage the interior 80% of the park's lands, with the National Park Service managing the coastal 20%. In a first-of-its-kind structure, Congress mandated that the Presidio Trust make the Presidio financially self-sufficient by 2013, which it achieved eight years ahead of the scheduled deadline.

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