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Trustee Chuck Watson Makes Unique Gift
Kim and Chuck Watson Many supporters of Baylor College of Medicine have developed their own style where giving is concerned. Recently, Board Trustee Chuck Watson elected to put his life insurance policy to work for the College. Watson and his wife, Kim, donated a $10 million life insurance policy to BCM and pledged to continue the premiums. The value of the Watsons' insurance policy goes to BCM on their deaths and will fund the Watson Family Foundation Endowed Chair in Cardiology and the Charles L. Watson Endowed Chair in Cancer. Remaining funds will be designated for building projects. "We're investing in the future of Baylor College of Medicine with a gift that will only continue to multiply," said Watson, Chairman of the Board of Eagle Energy Partners and a BCM Board Member since 2001. The idea of putting insurance money into charities—the "Gift of Life" Insurance Program—is a growing trend that allows some donors to see good work being done during their lifetimes. "We hope to see this gift stimulate others to try this option," said Watson. "If all of our donors, board, or regular supporters do this, an organization has generations of financial support." |
FeaturesBaylor College of Medicine in Houston: 65 years of Excellence BCM Looks to the Future on the McNair Campus Legacy of Leadership: BCM Icons Set Foundation for the Future 1,000 Genomes Project: Looking for the Differences NewsO'Malley Receives National Medal of Science Robert Todd Named to Lead BCM's Department of Medicine Roy Huffington Remembered as Bold and Generous SpotlightFollowing his Passion—One Physician's Journey When Two Degrees are Better Than One: M.D. - M.P.H. Thomas Street—The Road to Health Perceiving—A new Look at Brain and Behavior BriefsGenetics Used to Personalize Heart Disease Treatment First Drug for Huntington's Disease Eye Problems from Pain Free Migraines Genetic Insights into Deadly Brain Tumor Made-to-Order Weapon in the Fight Against Childhood Cancer BCM Joins Largest Children's Study Development/AlumniGifts Help Restore Sight to Patients with Corneal Damage Alums Start Careers, Life Together at BCM Development BriefsCharitable Gifts Lead to National Recognition Trustee Chuck Watson Makes Unique Gift
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Volume 4, Issue 3, Winter 2008 |
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| Last modified: December 30, 2008 |