A retired partner with regional CPA firm Moss Adams, Jeff Maxwell also volunteered to serve as chair on Fred Hutch's Planned Giving Advisory Committee and later became a member of the Center's Board of Trustees and Board of Ambassadors. He eventually found himself so compelled by the Hutch's work that he followed the advice he gives clients: carefully research, then remember the institution of his choice in his will. "I had done planned gifts work for other organizations before, but when I got to the Hutch, it was not only a situation where I was giving some assistance to the philanthropic efforts in general but I found myself really caught up in the mission of Fred Hutch," he said.
Maxwell strongly recommends that prospective donors seek out knowledgeable professionals to help with the details of a planned gift. "Don't try this at home," he said. "These are intricate and sometimes complex arrangements, and there are a number of attorneys, trust officers and CPAs who focus their practice in this area, as well as very highly skilled staff in the Hutch's development office to help people make these gifts."
"There can be some tremendous income tax advantages, too. Depending on the nature of the property that's being given and the potential income tax that might be generated if the property were sold, you can actually come out well ahead by making a planned gift of property rather than making an outright cash gift."
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Perhaps best of all, Jeff and his wife Ethel saw that planned gifts may have a tendency to perpetuate itself through future generations. "We've included the Hutch in our estate plans for two primary reasons. First, it's important for us to know that the support for the Hutch that's so important to us will continue after we are gone," said the Maxwells, "And a charitable bequest or beneficiary designation makes a significant statement to our family of the 'Hutch's' value and importance to us, and hopefully sets an example that will encourage them to embrace philanthropy in their own life planning."
The Maxwell's choices have already impacted the way their children think about philanthropy — the next generation needed no urging to follow their father's advice.
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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 firstname.lastname@example.org today for details.