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Planned Giving

Investment Leader Invests in Medical Center

The WilliardsWith a personable combination of wry humor and rural North Carolina reserve, John Williard makes light of his 30 years as treasurer of Wake Forest University. In fact, his astute handling of the university’s finances helped take its endowment from $15 million during his early service to $400 million when he retired in 1993.

Now this former chief investor—responsible for building portfolios valued in the hundreds of millions—has invested in Wake Forest Baptist Medical Center.

Williard and his wife, Pat, have come to know the Medical Center as deeply as anyone possibly could, so their financial commitment is especially significant. From John’s days managing the books on the Reynolda campus and sharing friendship and leadership with many remarkable School of Medicine faculty, to his hand surgery and rotator cuff healing, on through Pat’s life-saving treatment for lymphoma, the couple has a thorough and personal perspective on Wake Forest Baptist.

Strong Seeds, Fertile Fields

There’s a connection between the growth of the Medical Center’s endowment on John Williard’s watch and the great care the Williards have experienced. Financial strength has enabled Wake Forest Baptist to recruit top faculty and establish the highest-quality programs where rigorous academic training is grounded in extraordinary compassion.

The Medical Center’s endowment is managed as part of the Wake Forest University endowment. The pool includes funds from Wake Forest Baptist and the School of Medicine, in addition to other endowed investments from the university.

The Williards’ Investment

The Williards have designated lifetime and estate gifts to establish an endowed fund for priority initiatives in hematology/oncology and the Comprehensive Cancer Center. The fund is “in recognition of Dr. Bayard Powell and the numerous other medical professionals who provided Mrs. Williard with extraordinary medical, emotional and spiritual care during her illness.”

“They even let my dog, Tilly, come to my hospital room!” Pat says. “There’s more to healing than science.”

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Quick Reference

Planned Giving

Lori Osowski
Director, Charitable Gift Planning

Office of Philanthropy 
Wake Forest Baptist Medical Center
P.O. Box 571021
Winston-Salem, NC
Ways to Give

Disclaimer: The information on this website is for general informational purposes only and SHOULD NOT be relied upon as a substitute for sound professional medical advice, evaluation or care from your physician or other qualified health care provider.

A charitable bequest is one or two sentences in your will or living trust that leave to Wake Forest Baptist Medical Center a specific item, an amount of money, a gift contingent upon certain events or a percentage of your estate.

an individual or organization designated to receive benefits or funds under a will or other contract, such as an insurance policy, trust or retirement plan

"I give to Wake Forest Baptist Medical Center, a nonprofit corporation currently located at (LegalAddress), or its successor thereto, ______________* [written amount or percentage of the estate or description of property] for its unrestricted use and purpose."

able to be changed or cancelled

A revocable living trust is set up during your lifetime and can be revoked at any time before death. They allow assets held in the trust to pass directly to beneficiaries without probate court proceedings and can also reduce federal estate taxes.

cannot be changed or cancelled

tax on gifts generally paid by the person making the gift rather than the recipient

the original value of an asset, such as stock, before its appreciation or depreciation

the growth in value of an asset like stock or real estate since the original purchase

the price a willing buyer and willing seller can agree on

The person receiving the gift annuity payments.

the part of an estate left after debts, taxes and specific bequests have been paid

a written and properly witnessed legal change to a will

the person named in a will to manage the estate, collect the property, pay any debt, and distribute property according to the will

A donor advised fund is an account that you set up but which is managed by a nonprofit organization. You contribute to the account, which grows tax-free. You can recommend how much (and how often) you want to distribute money from that fund to Wake Forest Baptist or other charities. You cannot direct the gifts.

An endowed gift can create a new endowment or add to an existing endowment. The principal of the endowment is invested and a portion of the principal’s earnings are used each year to support our mission.

Tax on the growth in value of an asset—such as real estate or stock—since its original purchase.

Securities, real estate or any other property having a fair market value greater than its original purchase price.

Real estate can be a personal residence, vacation home, timeshare property, farm, commercial property or undeveloped land.

A charitable remainder trust provides you or other named individuals income each year for life or a period not exceeding 20 years from assets you give to the trust you create.

You give assets to a trust that pays our organization set payments for a number of years, which you choose. The longer the length of time, the better the potential tax savings to you. When the term is up, the remaining trust assets go to you, your family or other beneficiaries you select. This is an excellent way to transfer property to family members at a minimal cost.

You fund this type of trust with cash or appreciated assets—and may qualify for a federal income tax charitable deduction when you itemize. You can also make additional gifts; each one also qualifies for a tax deduction. The trust pays you, each year, a variable amount based on a fixed percentage of the fair market value of the trust assets. When the trust terminates, the remaining principal goes to Wake Forest Baptist as a lump sum.

You fund this trust with cash or appreciated assets—and may qualify for a federal income tax charitable deduction when you itemize. Each year the trust pays you or another named individual the same dollar amount you choose at the start. When the trust terminates, the remaining principal goes to Wake Forest Baptist as a lump sum.

A beneficiary designation clearly identifies how specific assets will be distributed after your death.

A charitable gift annuity involves a simple contract between you and Wake Forest Baptist where you agree to make a gift to Wake Forest Baptist and we, in return, agree to pay you (and someone else, if you choose) a fixed amount each year for the rest of your life.

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