A charitable bequest is one of the easiest ways you can leave a lasting impact on Fred Hutchinson Cancer Research Center's mission. A bequest can be made in your will or trust directing a gift to the Hutchinson Center.
A bequest is one of the easiest gifts to make. With the help of an adviser, you can include language in your will or trust specifying a gift to be made to family, friends or Fred Hutchinson Cancer Research Center as part of your estate plan.
Click here to review sample bequest language.A bequest can be made in several ways:
A retirement asset, such as an IRA account, makes an excellent bequest to the Hutchinson Center. If the IRA were given to your family, much of the value may be lost through estate and income taxes. By designating Fred Hutchinson Cancer Research Center as the beneficiary of all or part of your IRA (using a beneficiary designation form provided by your custodian), the full value of the gift is transferred tax-free at your death, and your estate receives an estate tax charitable deduction.
Also, naming the Hutchinson Center as the beneficiary of a life insurance policy is one of the simplest ways to make a gift, and it provides your estate with a charitable tax deduction.
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.