Planned Giving

A Tangible Gift From the Heart

Antique Wolfe 1907 Automobile
All images copyright and courtesy of Gooding & Company.
Photos by Mathieu Heurtault.

Harry Pearce had a close relationship with the clinicians and researchers at Fred Hutch who provided his lifesaving treatment for blood cancer nearly 20 years ago. So when Pearce gave back, he chose a gift close to his heart: the antique Wolfe 1907 automobile he'd fallen in love with as a child. At the Gooding & Company auction during the 2017 Pebble Beach Concours d'Elegance weekend, the car raised $45,000 in support of Hutch research.

Pearce had cherished that exact car, owned by a good friend of his father's, since he was 6 years old. He fondly remembers his father's friend ferrying Pearce and his brothers around town in the touring auto.

The car is one-of-a-kind: the only fully operational Wolfe in the country. When his father's friend decided, in his 90s, to sell the car, Pearce jumped at the opportunity to own it, despite the fact that it had spent many years in an unheated Midwest barn. It took five years and some faithfully recreated vintage parts to take the elderly Wolfe back to its glory days.

"Because it was very special to me and had these family ties, going back to when I was 6, 7 years old, that made it very special — all the more reason, in my mind, to make a gift of it to the Hutch," which would be able to transmute the car into research support, Pearce said. His reflections on why he was still around to enjoy the Wolfe inspired the gift, he recalled. And the answer was obvious: "The extraordinary men and women at the Hutch who gave me life after a diagnosis that looked very grim."

One of those "extraordinary" men and women who treated Pearce 19 years ago is Fred Hutch's Deputy Director and Executive Vice President Dr. Fred Appelbaum. Pearce intends for the funds raised via auction of the Wolfe to support Appelbaum's research.

Antique Wolfe 1907 Automobile
All images copyright and courtesy of Gooding & Company.
Photos by Mathieu Heurtault.

In 1998, when Pearce was a vice chairman at General Motors, a routine company physical turned up acute myeloid leukemia. His best chance of survival was a stem cell transplant. Not yet ready to leave his wife, children and grandchildren, Pearce canvassed different East Coast transplant centers to assess his options. At each stop, he asked the same question: If you were diagnosed with this disease, where would you go?

At Pearce's final stop, the "very impressive" head of the transplant team paused — and then acknowledged that if he were in Pearce's shoes, he'd go to Fred Hutchinson Cancer Research Center in Seattle.

"He said, 'That's the Mecca of transplantation, that's where it all began,'" recalled Pearce. So he boarded yet another plane, this time to the Pacific Northwest. At Fred Hutch, he met Appelbaum.

The Hutch's team approach and egalitarian treatment of all patients impressed Pearce. "I still remember a comment from when we first sat down," he said. "[Appelbaum] said, 'Now, I know you're a big shot at GM, but we treat everyone the same out here.' That's great. That's exactly what I would hope to hear."

Luckily for Pearce, his brother was a genetic match and was able to donate blood stem cells for a successful — and cancer-destroying — transplant.

"It was a miracle for me," said Pearce, who still marvels at his good fortune almost two decades later.

In the years since, Pearce has maintained close ties with the community that guided him through his transplant, including Appelbaum and the transplant nurses for whom he sponsors a table at the Hutch Holiday Gala every year. He was also a founding member of the Hutch's President's Circle, to which he continues to contribute annually.

When Pearce donated the Wolfe, another community sprang into action. The Hutch Car Club, an informal group of car mavens and aficionados who support Hutch science, helped shepherd the auto from Michigan to its auction in California. They were led by Richard Adatto, a longtime Hutch supporter and world-renowned expert in pre-World War II French aerodynamic cars who encouraged fellow Hutch Car Club members to donate their time and essential expertise. Thanks to Adatto, and with the donated services of a local car restoration expert, the Wolfe was properly stored, readied for auction and transported without taxing Hutch resources. Adatto's reputation also helped garner entry into the Pebble Beach Auction. With his encouragement, Gooding & Company President and owner David Gooding was glad to waive the seller's fees.

For many, donations of tangible personal property — items like cars or artwork that are not real estate or liquid assets — are a smart philanthropic choice. We encourage anyone wishing to donate items of tangible personal property such as cars to contact the planned giving team at Fred Hutch.

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Plan a gift to advance groundbreaking discoveries
Explore ways to advance lifesaving research while protecting the security of your loved ones with a planned gift to the Hutch.

Our Planned Giving team is available to assist you without any obligation. We will thoroughly explain your giving options and provide sample calculations and gift agreements. We will work closely with your financial, legal and accounting advisors to help you tailor a gift that fits your personal financial situation and goals. Please contact us today at 206.667.3396, 800.279.1618 or at plannedgiving@fredhutch.org if you have any questions or would like additional information. We are happy to help you find the resources you need to help you plan.

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 potential 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 may qualify for a federal income tax charitable deduction when you itemize. 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 may qualify for a federal income tax charitable deduction when you itemize. 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.

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