Planned Giving

A steadfast commitment to curing cancer

Lynn Lippert and Sal Jepson

With an endowment gift, Lynn Lippert and Sal Jepson’s support of lifesaving cancer research will continue forever.

Lynn Lippert and her wife, Sal Jepson, have a passion for life and bonded over their shared love of traveling and the outdoors. After Lynn received her second breast cancer diagnosis, she and Sal decided to meet the challenge by joining Fred Hutch’s annual Climb to Fight Cancer. Lynn surprised herself with her initial success, raising $17,000 for lifesaving research at the Hutch. “Unfortunately, I have a compelling story to support,” she quips.

Following Lynn’s third cancer diagnosis and the loss of her brother to prostate cancer in 2011, Lynn and Sal decided to establish an endowment at Fred Hutch. Reflecting on their motivation, Sal says, “Endowment goes on forever. It is really important to us that our gifts and fundraising are not one-time things, that it’s more than us.”

Lynn and Sal started their endowment with an initial gift to Fred Hutch and have increased its size through additional fundraising using a Fred Hutch personal fundraising web page, gifts from their IRAs and a bequest in their estate plan. Lynn and Sal say that their success proves that “even people of modest backgrounds can make a difference.” The endowment supports pilot projects in breast cancer research and benefits researchers who have brilliant ideas but can’t yet get National Institutes of Health funding. At this stage of research, only private dollars can help, and “a little bit can go a long way,” Sal says.

We Can Help

Please contact us today. We are happy to help you find the resources you need to help you plan.

Phone: 206.667.3396
800.279.1618

Email: plannedgiving@fredhutch.org

Since her first climb in 2005, Lynn has made 20 additional climbs and has raised an amazing $340,000. While continuing to receive chemotherapy for her fourth cancer diagnosis, Lynn recently summited Mount St. Helens and plans another climb to celebrate her 75th birthday in August — all to raise additional funds and further their commitment to curing cancer.

To learn more about endowment gifts, visit fredhutch.org/endowment.

Endowed Gifts

Invest in Fred Hutch's future.

By making an endowment gift, your gift will continue to support our scientific breakthroughs forever.

Making your mark
If you are interested in supporting Fred Hutch's lifesaving work, consider a gift through your estate. It is a simple but powerful way to make a lasting impact. Contact our Planned Giving team at 206.667.3396 or at plannedgiving@fredhutch.org today for details.

A charitable bequest is one or two sentences in your will or living trust that leave to Fred Hutchinson Cancer Research 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

Bequest Language

"I give to Fred Hutchinson Cancer Research Center, a Washington nonprofit corporation located in Seattle, Washington, or its successor organization, the sum of $ _________ (or % of my estate), (or other personal property herein described) to be used for its general support and charitable purposes without restriction."

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 Fred Hutch 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 the 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 gift 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 receive an immediate federal income tax charitable deduction. 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 Fred Hutch as a lump sum.

You fund this trust with cash or appreciated assets—and receive an immediate federal income tax charitable deduction. 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 Fred Hutch 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 Fred Hutch where you agree to make a gift to Fred Hutch 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.

Personal Estate Planning Kit Request Form

Please provide the following information to view the materials for planning your estate.

eBrochure Request Form

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