Planned Giving

Living On

Gene Barnes

Gene Barnes

Photo by Bo Jungmayer / Fred Hutch

With both hands, Gene Barnes clutches the neatly bound book. It is wrapped in a deep purple dust jacket on which shine the gold letters of its title, The Story of a Courageous Lady. He softly turns the pages that preserve so many of the stories and photographs from the life of his treasured wife, Beverly.

Gene assembled the book himself after Beverly died in 2006. It is an especially fitting tribute since the couple first met while browsing a book carousel at a Christian singles conference in Seattle in 1981. Eight weeks later they married. For the next 25 years, Gene, a teacher born in Kansas but raised in Washington, and Beverly, a native of Nova Scotia who moved to British Columbia after college, never stopped making memories together. They loved biking, hiking, skiing and, especially, traveling.

In 2001, their life took an unwelcome turn: Beverly was diagnosed with leukemia. "After about six months [of treatment], we were in remission," Gene remembers, "and then we ... began living our lives again. We even took a couple trips." In 2005, they added another memorable adventure, completing the 206-mile Seattle to Portland bike ride, something Beverly had always wanted to do.

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But by the end of that year, the cancer returned, so Beverly and Gene came to Fred Hutch in Seattle so she could receive a bone marrow transplant. Things went well for the first few months after the treatment, until complications emerged from a side effect called graft-vs.-host disease, in which the donor cells attack the patient's healthy tissues. 

"It was a trying time ... and of course that is part of the reason for me wanting to make a donation, a legacy," Gene says. He decided to name Fred Hutch as the beneficiary of a commercial annuity, to make it possible for researchers to create safer, less arduous therapies - to help them start new cures.

"I noticed that a lot of good things have occurred here [at Fred Hutch], a lot of very important people, doctors, have been here and done some very important work, and when you have Nobel Prize winners, well, you know that something good is going on here."

The other reason behind both Gene's planned gift and the biography he lovingly crafted, which he's donated to the Fred Hutch library, is no less heartfelt: "I just want other people to be able to share a little bit of what Bev was really like," he says. "I want the memory of Beverly to live on."

Beneficiary Designations

A simple way to support our lifesaving work

This easy and flexible way to give allows you to accelerate breakthroughs and help save lives.

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By including Fred Hutch as a beneficiary of your retirement plans, life insurance or commercial annuities, you make a plan today to support future breakthroughs after your lifetime.

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 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 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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