We created the 1859 Society to recognize those who want to show they embrace the timeless values of Baylor’s founders, those who want to make a gift as part of their estate that demonstrates their support for our efforts to remind alumni why they love Baylor. One way you can ensure that your values endure is through the highly personal process of deciding how your assets will be distributed after your lifetime and whether you’ll be a part of helping take care of the Baylor family. A bequest could be the most important charitable gift you’ll ever make.
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. We tell the stories of the Baylor family; help future alumni write their own Baylor stories; and speak with an independent voice committed to preserving the timeless values of Baylor’s founders. That independent voice – our commitment to speaking forcefully and writing truthfully – is exercised through our Baylor Line magazine.
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.
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. 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.
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. You can create a legacy for yourself or your family, or in honor of a loved one. 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. Through bequests, life-income gifts and the transfer of assets, alumni and friends of the BLF ensure that we have the financial resources to meet our current goals and the ability to support them over time. 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.
Membership in the 1859 Society
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).
Charitable Bequests to the Baylor Line Foundation
Bequests can take quite a few forms. You and your attorney may wish to consider the following samples as you prepare or update your will or trust.
- General bequest. A general bequest is one of the more popular ways to make a charitable gift by will. You simply leave a specified dollar amount to a designated charity. Example: I give DOLLAR AMOUNT to the Baylor Line Foundation, to be used for its exempt purposes.
- Specific bequest. A specific bequest is another popular type of charitable bequest. With this bequest, you stipulate that a charity receives a specific piece of property. Example: I give DESCRIPTION OF PROPERTY (e.g., my residence at 123 Main Street, Waco, McLennan County, Texas) to the Baylor Line Foundation, to be used for its exempt purposes.
- Residuary bequest. A residuary bequest is used to give a charitable organization all of an estate owner’s property after all debts, taxes, expenses, and other bequests have been paid. Example: I give the rest, residue, and remainder of my estate to the Baylor Line Foundation, to be used for its exempt purposes.
- Percentage bequest. A bequest can be expressed as a percentage of the residuary of the estate. Example: I give THE DESIRED PERCENTAGE OF the rest, residue, and remainder of my estate to the Baylor Line Foundation, to be used for its exempt purposes.
- Contingent bequest. When writing your will, trust, or other estate-planning instrument, you may wish to consider planning for the situation in which the beneficiary of a bequest dies before you or disclaims the property. In anticipation of such an occurrence, you may name the Baylor Line Foundation as the alternate or contingent beneficiary. A contingent bequest ensures that the property will pass to the designated charity rather than to unintended beneficiaries. Example: If NAME OF BENEFICIARY predeceases me or disclaims any interest in DESCRIPTION OF PROPERTY, I give such property to the Baylor Line Foundation, to be used for its exempt purposes.
- Restricted bequest. The samples of bequest provisions suggested are designed to provide unrestricted gifts. You may, however, prefer to restrict your bequest to a specific purpose. For instance, if you wish to memorialize a family member or a favorite professor, you can establish a named fund that will provide support for a program in which you (or the honored person) are particularly interested. A restricted bequest should usually be made in the broadest possible terms consistent with your philanthropic interests. The fewer the restrictions placed on the use of a gift, the less the possibility that the purpose of your gift will become obsolete. Some of the more important restricted purposes include support of our independent voice through publication of The Baylor Line magazine, scholarship assistance through our Legacy Scholars program or preservation of Baylor University’s historic past through our Oral History program. Some donors prefer to restrict their gifts to the endowment of the Foundation, ensuring a reliable cash flow in perpetuity. Example: I give DOLLAR AMOUNT to the Baylor Line Foundation. This gift shall be held as a permanent endowment to be known as the PERSON’S NAME fund, only the income of which may be used to support the EXEMPT PURPOSE FOR WHICH THE GIFT IS TO BE USED. If the Board of Directors of the Baylor Line Foundation determine that it is not feasible or economical to use the income of the fund for the purpose stated above, the income of the fund may be used for such exempt purposes of the Baylor Line Foundation as the Board of Directors may direct.
Should You Wish to Receive Further Information
Gift planning is a creative process that allows you to express your personal values by integrating your charitable, family, and financial goals. There are many ways by which you may support the mission of the Baylor Line Foundation (if you want to go beyond a small gift or flowers or card and share someone’s contributions with others – in a way that reinforces his or her “care for Baylor” – you can participate in our Beacons program here). BLF Executive Director Allen Holt would be delighted to help you and your advisers identify your charitable giving options. You may reach him by clicking on this link. Thank you for considering a testamentary gift to the Baylor Line Foundation.
The Baylor Line Foundation is a 501(c)(3) organization that is separate and independent from Baylor University.