Planned Giving

Planned Giving Opportunities Summary

How to give What to give Benefits to you Benefits to the Hutch

Bequest through a last will and testament or revocable living trust

(Specific property that is residual or contingent)  

Any asset including cash, securities, mutual funds, bonds, real estate, tangible personal property and more

 

> Can be changed/revoked

> Retain control over assets during lifetime

> Estate tax deduction for specific or residuary legacy

>The Hutch receives gift after your lifetime, to be used as directed

 

Charitable gift annuity: immediate, deferred or flexible deferred

(A simple agreement between donor and the Hutch) 

Cash, publicly-traded appreciated securities or real estate

 

> Fixed payments for life

> Charitable income tax deduction for portion of contribution

> Reduced capital gains tax if created with appreciated securities or real estate

> Partially tax-free payments

> The Hutch is future beneficiary and gift will be received after your lifetime

 

Beneficiary of retirement funds

(Specific amount that is a percentage or contingent)

IRA, 401(k), 403(b), Keogh, or other qualified retirement and pension plans or commercial annuities

 

> Proceeds not subject to income tax or estate tax

> Flexible and revocable

> Easy to arrange via a beneficiary designation form 

> The Hutch receives gift after your lifetime, to be used as directed

> Proceeds available more quickly as gift is not subject to probate process

Life insurance: Fred Hutch is owner of policy

Life insurance policy

 

> Charitable income tax deduction

 

> Can use cash value now or death proceeds later

 

Life insurance: Fred Hutch  is beneficiary but not owner of policy

(Specific amount that is a percentage or contingent)

Life insurance policy

 

> Estate tax deduction

> Easy to arrange via a beneficiary designation form

> Can be changed/revoked

> Can designate all or a portion to the Hutch

> The Hutch receives gift after your lifetime, to be used as directed 

> Proceeds available more quickly as gift is not subject to probate process

Beneficiary of pay on death or transfer on death accounts 

 

Bank accounts and brokerage accounts

 

> Estate tax deduction

> Easy to arrange via a beneficiary designation form 

>The Hutch is future beneficiary and gift will be received after your lifetime

 

Charitable remainder unitrust (CRUT)

(A legal document completed by an attorney)

Cash, publicly-traded appreciated securities, closely held stock (C), real estate

 

> Variable income for life or a term of years

> Charitable income tax deduction for present value of remainder interest

>The Hutch is future beneficiary and gift will be received after your lifetime

 

Charitable remainder annuity trust (CRAT)

(A legal document completed by an attorney)

Cash, publicly-traded securities

 

> Fixed income for life or a term of years

> Charitable income tax deduction for present value of remainder interest

> Remainder is given to the Hutch

 

Non-grantor charitable lead trust (CLT)

(A legal document completed by an attorney)

Cash, publicly-traded securities, closely held stock (C), real estate

 

> Gift or estate tax deduction

> Transfer of assets to heirs, potentially with substantial tax savings

> The Hutch receives income now that can be used for current needs

 

Grantor charitable lead trust (CLT) 

(A legal document completed by an attorney)

Cash, publicly-traded securities, closely held stock (S and C), real estate

 

> Income tax deduction

> Principal returned to you when trust terminates

> The Hutch receives income now that can be used for current needs

 

Retained life estate  

(A legal document completed by an attorney)

Residence, vacation home, or farm

 

> Charitable income tax deduction

> Can continue using property for your lifetime

> Make a generous gift with no change in lifestyle

> The Hutch sells the property and uses proceeds after your lifetime

 

Bargain sale

 

Real estate and occasionally other property

 

> Income tax deduction

> Sales proceeds

> Difference between sales and purchase price used by Hutch for current needs or as directed 

 

For more information, contact:

plannedgiving@fhcrc.org
(206) 667-3396 or (800) 279-1618

The purpose of these web pages is to provide general educational information about charitable gifts, financial considerations and estate planning. They are not intended as legal, accounting or other professional advice. For assistance in planning charitable gifts with tax and other financial implications, the services of appropriate advisers should be obtained. Consult an attorney for advice if your plans require revision of a will or other legal document.