Big time oilman entrepreneur and renewable energy advocate T. Boone Pickens recently pledged $10 million to the Baylor Health Care System. In honor of his contribution, the school is naming the facility in his honor. The Baylor T. Boone Pickens Cancer Hospital is the first hospital in North Texas that is dedicated completely to cancer treatment.

"No matter what industry you're in, from energy to healthcare, it takes bold people who have vision, a commitment to excellence and a passion for efficiency to reach new levels of success," said Pickens. "Baylor brings that attitude and commitment to providing healthcare to all North Texans, whether it is advanced prevention, screening, diagnosis or treatment."

The 175,000 square foot, 96-bed facility opened in January 2012, boasting high-quality cancer care in the state that also considers patients' comfort and accommodates visitors. All of the rooms are private, and many are ICU capable. There are also rooms for visiting family members, friends and caregivers on site.

Philanthropists who support a wide range of causes can manage and track their contributions through a fund accounting program that ensures all pledges are correctly audited for tax purposes.