About Us

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

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Areas of Support

Since 1977, we’ve proudly invested nearly $80 million to support Irving’s only nonprofit hospital and enhance the health and well-being of our DFW Mid-Cities community—learn more about our impact.

Baylor Scott & White – Irving Community Clinic

Expand access to quality, compassionate healthcare for underserved individuals and families.

Baylor Scott & White Medical Center – Irving

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

Arts in Medicine

Our Arts in Medicine program recognizes the power of art in healing, using music and creative expression to enhance the emotional and physical well-being of our patients.

Past Beneficiaries

Take a look at our history, where over $7.5 million in grants have supported vital community health initiatives, addressing broader healthcare needs beyond our hospital and clinic.

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

Leave a legacy: help ensure that future generations receive high-quality medical care.

Get Involved

Your support makes a lasting impact on every patient we serve—join us in making a difference today.

Texas Icons Luncheon

This community event helps expand our impact and support the vital work we do—reserve your spot today!

Give To Change Campaign

Our employee giving campaign that allows team members to expand their impact.

Naming Opportunities

These meaningful opportunities for rooms and areas at our hospital allow donors to leave a lasting impact.

The Clinton H. Howard Society

Including a gift in your estate plan joins you in the Clinton H. Howard Society, leaving a legacy of support.

Past Events

Explore our past events and see the impact we’ve made together.

The Compass

Read the latest issues of The Compass.

Create a Charitable Remainder Trust

A charitable remainder unitrust can help you maintain or increase your income while making a gift to support Baylor Scott & White Irving Foundation.

If your unitrust grows, your payments will grow too, providing a hedge against inflation. A unitrust provides more flexibility than other life income plans.

A charitable remainder unitrust could be right for you if:

  • You want to provide income for yourself or others.
  • You want the possibility of income growth.
  • You want to save income taxes or capital gains taxes.
  • You want to choose the person who administers your gift and guides its investments.
  • You want to make a generous gift to BSW Irving Foundation.
  • You are considering a gift amount of $100,000 or more.

Separate trust 

A charitable remainder unitrust is a tax-exempt trust governed by a trust agreement. You choose the trustee who is responsible for administering the unitrust and guiding the investment of its assets.

Irrevocable gift 

A charitable remainder unitrust is an irrevocable arrangement. Once you transfer assets to the trust, you cannot change your mind and get the assets back. This requirement assures that whatever value remains in your unitrust when it ends will go to support BSW Irving Foundation.

Payments vary with value of unitrust 

Each year, your unitrust will distribute a fixed percentage of its current value, as revalued annually. If your unitrust’s value goes up from one year to the next, its payments will increase proportionally. Likewise, if your unitrust’s value goes down, its payments will also go down.

Remaining assets to Baylor Scott & White Irving Foundation

When your unitrust ends, all of its remaining principal will become available to support BSW Irving Foundation.

You choose the payment percentage 

You choose the percentage of your unitrust’s value that it must pay each year to its income beneficiaries. The payment percentage must be at least 5%. It may be to your advantage to choose a relatively low payment percentage so that your unitrust’s assets have the best chance to grow. If the value of your unitrust grows, so will its payments. A payment rate of 5% to 6% is typical. Payments are usually made in annual, semiannual, or quarterly installments. 

Payment flexibility

You can include special payment provisions in your unitrust that make it a good way to give debt-free real estate or other illiquid assets that may take time to sell. In this situation, you can limit your unitrust’s payments to its net income or its unitrust percentage, whichever is less. This way, your trustee can take the time necessary to sell your assets at a fair price. If your unitrust’s net income is less than its unitrust percentage during this time, then it will distribute its net income only. This “net income” limitation can last for the entire term of your unitrust or just until a specific event occurs, such as the sale of your gift asset.

Who can receive payments? 

You decide who will get the payments from your unitrust. Usually, this will be you, or you and your spouse. You can, however, select other people to receive the payments. For example, you may wish to provide income for parents, a sibling, or children.

How long do payments last?

While most unitrusts last for one or two lives, other terms are possible. A unitrust can last for more than two lives, for a specific length of time of up to 20 years, or for a combination of lives and years.

Tax benefits 

  • Earn an immediate income tax charitable deduction.
  • Avoid capital gains tax.
  • May reduce estate taxes and probate costs.

You will receive an income tax charitable deduction in the year of your gift. If you cannot use the entire deduction in the year of the gift, you may carry forward your unused deduction for up to five additional years. If you give appreciated securities to fund your unitrust, you will not pay any capital gains tax when you make your gift.

In addition, because a unitrust is a tax-exempt trust, it will not pay any capital gains tax when it sells these assets. This means that your trustee will be able to reinvest the full value of the assets you donate. By removing the gift assets from your estate, you may also reduce estate taxes if your estate exceeds the then applicable estate tax credit. You may also reduce probate costs when your estate is settled. 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.

Taxation of payments 

The taxation of unitrust payments depends on the trust’s past distributions and investment performance. Payments from a unitrust are typically taxed as ordinary income. If the trust is funded with appreciated assets, a portion of the payments could be taxed at lower capital gains tax rates in some years. It is even possible for a portion of the payments to be tax-free in years when there is not enough ordinary income and capital gain income to make the payments.

Add funds anytime

You can make additional gifts to your unitrust anytime. Additions earn an additional income tax charitable deduction that may save you income taxes if you itemize your deductions. You will also increase future payments without the effort and expense of creating a new unitrust.

Assets to consider giving

The following assets make excellent sources for funding your charitable remainder unitrust:

  • Cash that you currently have in a savings account, bank CD, money-market fund, or other safe but low-yielding investment.
  • Securities, especially highly-appreciated securities.

It is also possible to create a unitrust using real estate that is debt-free or other illiquid assets that may take time to sell.

Example

Audrey Chen is 76 years old and her husband John is 75. Many of the stocks in their portfolio have appreciated substantially in value over the many years the Chens have owned them. They are enthusiastic about making a major gift to support Baylor Scott & White Irving Foundation, but they also would welcome a way to receive greater income from their investments without paying a big capital gains tax.

After consulting with their advisor, the Chens find that a 5% charitable remainder unitrust funded with $500,000 in assets will meet their needs perfectly. They fund their unitrust with $400,000 in stocks plus $100,000 from a money market fund. They paid a total of $75,000 for the stocks, which currently produce about 2% in dividends each year. Their money market fund has been earning about 2% interest annually.

Benefits

  • The Chens will receive $25,000 in payments in the first year of their unitrust, significantly increasing the income they had been receiving from these assets. If the income and appreciation of the trust’s investments, net of costs and fees, total 7% annually, their payments will grow to over $33,647/year* in 16 years.
  • The Chens will receive an immediate income tax charitable deduction of about $240,760**.
  • The Chens’ trustee will be able to sell their stock immediately in order to diversify their unitrust’s investments without paying any capital gains tax.
  • Assuming its investments earn a 7% net annual return on the unitrust’s investments, over $686,393* will be left in the Chens’ unitrust to support Baylor Scott & White Irving Foundation when their unitrust terminates.

*The future payment amounts and principal amount remaining for Baylor Scott & White Irving Foundation will be lower if the Chens’ unitrust earns less than 7% annually.
**The Chens’ income tax charitable deduction will vary slightly depending on the timing of their gift.

Featured stories

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

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Where Your Gifts Have Helped Appreciated gifts from donors between July 1, 2023, and June 30, 2024 (our business year), helped our community through:
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Expansion Of Services 2024

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Gifts support return of open-heart surgery services Contributions from the heart are helping Baylor Scott & White Medical Center – Irving offer open heart surgeries for the first time in more than seven years. Thanks to gifts totaling $2.5 million to date, the hospital has been able to secure necessary new equipment that surgical teams […]
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Irving Community Clinic 2024 Update

Irving Community Clinic 2024 Update

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Irving Community Clinic Surpasses 11,000 Visits For uninsured patients with proven financial need, Baylor Scott & White – IrvingCommunity Clinic is a godsend. With medical, behavioral, wound care and pharmacyservices available, patients made 11,132 visits to this medical-home clinic in the businessyear that ended June 30, 2024. The clinic also secured referrals for 400 of […]
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