About Us

Together, we can advance innovation, expand access to care and empower people to live well.

About the Foundation

Our Board

Foundation Team

Contact Us

Photo of Riggs BUMC ED exterior

Cancer care

Propel advances in cancer research and treatment, bringing hope and healing to patients.

Capital & technology

Invest in the future of healthcare by helping expand and modernize our North Texas facilities.

Community health

Expand access to compassionate healthcare for underserved individuals and families.

Graduate medical education

Shape the future of medicine by helping train the next generation of physicians.

In your region

Make a direct impact on Baylor Scott & White hospitals and patients in your community.

Patient programs

Help enhance patient well-being through innovative, patient-centered programs.

Research

Help drive discoveries and improve patient outcomes by supporting accessible research and clinical trials.

Transplant

Support life-changing care for transplant patients and their families.

Donate online

Your gift can make an immediate difference in the lives of those we serve.

Grateful Giving

Patients and loved ones can show appreciation for the caregivers who made a difference during their healthcare experience.

Make a planned gift

Learn about the multiple ways to make a planned gift and create a lasting legacy.

Giving societies

Giving societies honor donors for their generosity in empowering people to live well.

Celebrating Women

Help us advance the fight against breast cancer through Celebrating Women.

Grand Rounds

Support graduate medical education at Baylor Scott & White by participating in the Ground Rounds golf tournament.

Grand Rounds Golf Tournament logo

The Compass

Read the latest issue of The Compass, a quarterly newsletter from the Baylor Scott & White Dallas Foundation.

Establish a Charitable Gift Annuity

A charitable gift annuity provides fixed payments for life in exchange for a gift of cash or securities to Baylor Scott & White.

Gift annuities are easy to set up and the payments you receive are backed by the general resources of BSW Dallas Foundation.   

charitable gift annuity could be right for you if:

  • You want to maintain or increase your cash flow.
  • You want the security of fixed, dependable payments for life.
  • You want to save income taxes or capital gains taxes.
  • You would like income that is partially tax-free.
  • You want to make a generous gift to BSW Dallas Foundation.
  • You are considering a gift amount of $10,000 or more.
  • You are at least 65 years of age.

A simple contract

A charitable gift annuity is a simple arrangement between you and Baylor Scott & White Dallas Foundation that requires a one- or two-page agreement. You will incur minimal or no costs to establish the arrangement and no costs at all to maintain it.  

Irrevocable gift 

A charitable gift annuity is an irrevocable arrangement. Once you transfer assets in exchange for the gift annuity, you cannot change your mind and get the assets back. This requirement assures that whatever is left of your gift when the gift annuity ends will go to support BSW Dallas Foundation.

Fixed payments for life

In exchange for your irrevocable gift of cash, securities, or other assets, BSW Dallas Foundation will pay you a fixed amount each year for life. The amount of the payment depends on the amount donated and the age of the payment recipient.  

  1. Payments last for your lifetime. You cannot outlive your payments.
  2. Payments are predictable. Your payments will not be affected by investment performance or market conditions. You will get the same amount each year. 
  3. Payments are very secure. They are backed by the general resources of Baylor Scott & White Dallas Foundation, not just by the assets you donate.

Tax-advantaged payments

Part of each payment typically will be tax-free for many years. This tax-free portion makes the payments more valuable than an equal amount of fully taxable income. The amount of this tax-free portion will be greater if you give cash than if you give stock or other appreciated property.

Who can receive payments?

You decide who will get the payments from your gift annuity. Usually, this will be you, or you and your spouse. Alternatively, you can select one or two other people to receive the payments from your gift annuity. For example, you may wish to provide income for parents, a sibling, or a faithful employee.  

Payout rate depends on age

The older you are when you make your gift, the greater the payment rate you will receive. If you choose other people to receive the payments from your gift annuity, their ages at the time of your gift will determine their payment rate. Our minimum age for a payment recipient is 65.

Tax benefits

You will earn an immediate income tax charitable deduction in the year of your gift, providing tax savings if you itemize. The amount of this deduction will depend on several factors. If you cannot use the entire deduction that year, you may carry forward your unused deduction for up to five additional years.  

If you give stock or other appreciated property to create a gift annuity, you will pay tax on only a portion of your capital gain in the property. Even better, if you are the payment recipient of your gift annuity, you will be able to report this capital gain in installments over many years. In this case, your capital gain income will replace some of the tax-free portion you would receive if you were to give cash.

By removing the gift assets from your estate, you may also reduce future estate taxes and probate costs. The amount of these savings will depend on the size of your estate and on estate tax law in force at the time your estate is settled.

Assets to consider

Cash currently held in a savings account, bank CD, or money-market fund makes an excellent funding asset. Usually, a gift annuity will provide you with larger payments than any of these investments.

Securities, especially highly appreciated securities that you have owned for one year or more, are also an excellent funding asset. Giving them to us in exchange for a gift annuity will allow you to unlock their value to increase your cash flow and avoid substantial capital gains tax at the same time.

Example

Helen Thomas is a 71 year-old widow. She would like to make a significant gift to Baylor Scott & White Dallas Foundation, but she is dependent on the income produced by her investments. One of these investments is stock in XYZ Widget Corporation that she and her late husband purchased many years ago for $3,000.

Her stock is now worth $10,000 but provides little income – about $126 after tax. Helen is reluctant to sell her XYZ Widget stock to reinvest in higher yielding assets because she will have to pay $1,400 in capital gains tax. This would leave her with just $8,600 to reinvest.

Helen is pleased to learn that she can make a significant gift to Baylor Scott & White Dallas Foundation and increase her cash flow by giving her XYZ Widget stock to BSW Dallas Foundation in exchange for a gift annuity. She can also save substantial income taxes plus avoid and defer capital gains taxes, and will receive an income tax deduction that may provide additional tax savings at the same time.

ScenarioTax ResultCash Flow Before TaxCash Flow After Tax (37% tax rate)
Helen keeps her stockNone$200$126
Helen sells and reinvests for 4.0% yieldOwes $1,400 capital gains tax$344$217
Helen funds a 6.4% gift annuity$3,934* income tax deduction
Avoid tax on $2,754* of capital gain
$640$496

*Deduction amount and capital gains tax avoided may vary depending on the timing of the gift.

Featured stories

See how generous donors are leaving a legacy through planned giving at Baylor Scott & White.

Photo of David and Karen Shuttee

Dallas family makes a difference with qualified charitable gift annuities

March 18, 2025
The Shuttees discovered a new avenue for their giving: Qualified Charitable Gift Annuities (QCGA).
Learn More Dallas family makes a difference with qualified charitable gift annuities
photo of sillers

Ginny & Don Sillers

January 21, 2019
The Sillers' estate gift was in gratitude to the physicians and staff at Baylor University Medical Center who saved Ginny’s life.
Learn More Ginny & Don Sillers
photo of levitts

Michael and Patricia Levitt

January 21, 2014
Through a charitable gift annuity, the Levitts make gifts of cash in exchange for lifetime annuities. They receive an immediate income tax deduction and a large part of the annuity is tax-free to them. 
Learn More Michael and Patricia Levitt