Endowed funds, such as named chairs and professorships or scholarships, represent the financial bedrock of Baylor College of Medicine and provide permanent funds to sustain our mission. Endowed funds are managed as part of the institution’s overall Managed Investment Portfolio (MIP), which totaled approximately $1.3 billion on June 30, 2018.
Levels of Endowment
- Center/Institute* - $10-75 million
- Academic Department/Division* - $10-25 million
- Laboratory* - $5-10 million
- Presidential Chair - $4 million
- Chair - $2 million
- Professorship - $1 million
- Term Chair - $1 million
- Fellowship - $750,000
- Presidential M.D. Scholarship - $650,000
- Ph.D. Scholarship - $400,000
- Lectureship - $150,000
- M.S. Scholarship - $150,000
- M.D. Scholarship - $150,000
- Doctor of Nurse Practice Scholarship - $150,000
- Genetic Counseling Scholarship - $150,000
- Orthotics and Prosthetics Scholarship - $150,000
- Physician Assistant Scholarship - $150,000
*based on size and complexity
Frequently Asked Questions
Q: How do I find out more about endowment funds and how they provide support?
A: The Baylor Medical Foundation team is happy to assist with questions about endowment administration, including the spending policy, which allows the college to spend a consistent amount of the account balance each year, while preserving the endowment’s purchasing power over the long term.
Q: What is the difference between an endowment’s corpus and market values?
A: The endowment’s corpus is comprised of the original gift and any subsequent gifts that are made to the fund. Market value is the corpus plus any income and market appreciation generated over time minus the distributions made by the college for the endowment’s purpose, as described in the endowment agreement.
Q: Can I fund an endowment over time?
A: Yes. The Baylor Medical Foundation team can help determine the best funding option for you.
Q: Can I create an endowment fund with a gift through my estate plan?
A: Yes. Many of Baylor’s endowments have been created through estate and retirement giving. Our Office of Gift Planning [link to Office of Gift Planning] works with donors and estate planners to explore options to identify the best fit for the donor.
Q: Will I need to work with an attorney to create an endowment agreement?
A: Baylor uses standard language for endowment agreements to ensure consistency in management of the funds. As we work with you to establish the endowment we will discuss your preferences and suggestions. We cannot provide legal or financial advice, but we are happy to coordinate with your attorney to create an agreement.
Q: How can I find out about my endowment after I have made my gift?
A: When the endowment reaches the minimum funding level and starts generating spendable income, Baylor will provide you with information in an annual endowment report. Scholarship donors also receive a letter from the beneficiary of their scholarship endowment.
Q: Will I be able to contact my student scholarship recipient?
A: Privacy laws require that we protect the student’s and donor’s personal information. However, we often arrange introductions between willing students and donors.
Contact us at firstname.lastname@example.org for more information.