Gift and Estate Planning

Sample Bequest Language

Bequests are the most popular type of planned gifts.

Suggested wording for a bequest:

“I give, devise and bequeath to Baylor College of Medicine located in Houston, Texas
(Tax ID No. 74-1613878)

the sum of $___________.
__________% of my estate.
the residue of my estate.
the following described property ________.”

Designation

The property comprising this gift is intended to…

further the purposes of Baylor College of Medicine.
provide scholarship/s for deserving Baylor College of Medicine students.
provide support for the (School / Department) of __________________.
establish a (chair / professorship / fellowship / scholarship) in the (School / Department) of __________________.
(establish / add to) the (name) Endowment Fund (chair / professorship / fellowship / scholarship) in the (School / Department). (See endowment fund criteria, below.)

If there is a specific area of designation within Baylor College of Medicine or a specific Department, please contact the office of gift planning to help with wording that will ensure the use according to the donor’s intentions.

For questions or additional information, please contact us.

Levels of Endowment

Minimum levels to establish a named endowment

Lectureship: $150,000
M.S. Scholarship: $150,000
M.D. Scholarship: $150,000
Nurse Anesthetist Scholarship: $150,000
Physician Assistant Scholarship: $150,000
Ph.D. Scholarship: $400,000
M.D./Ph.D. Scholarship: $400,000
Presidential Scholarship: $650,000
Fellowship: $750,000
Professorship: $1,000,000
Career Development Chair: $1,000,000
Chair: $2,000,000
Presidential Chair: $4,000,000
Laboratory*: $5–10,000,000
Academic Department/Divisions*: $10–25,000,000
Centers*: $10–75,000,000

The minimum level to establish a separate named endowment fund is $25,000. Contributions at any level may be added to established endowments.

The donor’s wishes with respect to the administration of endowed gifts are normally set forth in a separate agreement called an Endowment Fund Agreement.