1859 Society creates planned-giving option, ability to transfer Life Memberships to family members

February 6, 2017

The Baylor Line Foundation has established a way for members to make an estate gift that demonstrates their support for our efforts to reinforce the timeless values of Baylor’s founders and also introduce family members to the organization.

The 1859 Society allows BLF members to ensure that their values endure after their lifetime and enables them to be a part of helping take care of the Baylor family. A bequest could be the most important charitable gift they’ll ever make.

Baylor Line Foundation Life Members who choose to commit to a bequest to the Baylor Line Foundation will receive the following benefits:

  • The ability to transfer their Baylor Life Foundation Life Membership to a child or grandchild who graduated or is attending Baylor University.
  • Two complementary tickets to our annual Homecoming Tailgate.
  • The option to be included in a list of 1859 Society members in the Baylor Line and on the Baylor Line Foundation website.

“The Baylor Line Foundation (formerly the Baylor Alumni Association) has a long history of serving Baylor Alumni, dating back to its creation by former Baylor President Rufus Burleson in 1859,” says BLF President Fred R. Norton, Jr. ’80, JD ’83.  Norton said, “you don’t have to be wealthy to make a meaningful charitable bequest, and you can protect your heirs and still give to charity. If your plans already include a gift through your will or estate plan to the Baylor Line Foundation that will one day benefit this organization, please let us know. We would like to thank you for your generous commitment and welcome you to the 1859 Society.  If  your current will or estate plan establishes a gift to the Baylor Alumni Association, you should update that at your convenience.”

Baylor Line Foundation Executive Vice President Allen Holt ’80, who has spent much of his career in development at Baylor, recognizes that the choice to support the Baylor Line Foundation (and the Baylor family) is a personal one, unique to each individual.

“Your individual financial situation and goals, your family structure at your interests in our various programs, can all be taken into account through one of several gift options,” Holt said. “You can support Legacy Scholarships for the children and grandchildren of Baylor alumni; the continuing publication of the Baylor Line; expansion of our video interviews – our Oral Histories – with Baylor icons; or other programs we will create in the coming years.

The BLF has created a page on its website (click this link) with more information and examples of language that members and their attorneys and financial planners can use as they prepare or update their wills or trusts.  That page, which is part of the organization’s new Give! tab on the menu bar, includes a brief form you can use to let Holt know you already have the BLF in your financial plan or to let him know you’re interested in more information.

“Giving by bequest costs nothing now, yet it may give you a great deal of satisfaction to know that your future gift will live on,” Holt added. “Planned gifts can be directed to support a specific program or used to establish endowed funds that will provide perpetual support to the Baylor Line Foundation for any designated purpose. Planned gifts can also be a way for individuals to protect or increase their wealth or transfer their assets to family members while reducing their tax burden.”

 

 

Baylor Line Foundation1859 Society creates planned-giving option, ability to transfer Life Memberships to family members

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