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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)

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

Designation

The property comprising this gift is intended to…

  1. further the purposes of Baylor College of Medicine.
  2. provide scholarship/s for deserving Baylor College of Medicine students.
  3. provide support for the (School / Department) of __________________.
  4. establish a (chair / professorship / fellowship / scholarship) in the (School / Department) of __________________.
  5. (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.