Planned Giving

In Pursuit of Cures

Bob Widditsch

Bob Widditsch

Photo by Bo Jungmayer / Fred Hutch
News Service

Bob Widditsch is a man of many pursuits. He received a degree in physics in college and another in electrical engineering in graduate school, making the latter his profession. Bob moved to Seattle in 1959 and worked for The Boeing Company and the University of Washington for several decades. On the side, he took up a variety of hobbies such as ballroom dancing and woodworking. He even obtained a patent for a device he invented that keeps backpackers' food and supplies safe from bears.

When Bob was diagnosed with prostate cancer at age 70, he turned to his problem-solving prowess. He researched his options, discussed them with his physician, and chose "watchful waiting" to see if and when the cancer might spread. Bob was doing well until the spring of 2013 when his PSA level rose sharply. That's when he visited Seattle Cancer Care Alliance, the patient care arm of Fred Hutch, and started to learn more about the research happening at the Hutch.

"I'm very impressed with the Hutch. They are doing brilliant work," Bob says.

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Phone: 206.667.3396
800.279.1618

Email: plannedgiving@fredhutch.org

In April, Bob attended a symposium hosted by the Institute for Prostate Cancer Research, a collaborative effort between Fred Hutch and UW Medicine scientists and clinicians. The Institute's mission is to understand prostate cancer; develop new therapies, diagnostics and prevention strategies; and improve survival and quality of life.

Thanks to a new treatment plan, Bob now has plenty of energy for another of his passions: table tennis. He also continues to follow the latest news in prostate cancer research and has created a charitable gift annuity (CGA) with Fred Hutch to support the Hutch's pursuit of lifesaving cures. "I wish I started the CGA a long time ago," Bob says. "They are quite amazing, but most people don't really understand them."

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If you would like to support our research to dramatically increase survival rates and save thousands of lives, and receive steady payments during your retirement years, a charitable gift annuity may be right for you.

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 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.

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