Planned Giving

The Gift of Time

Jerry Liebermann and Linda Hariis

Jerry Liebermann and Linda Harris

Photo by Robert Hood / Fred Hutch
News Service

Jerry Liebermann is living decades longer than expected thanks to Fred Hutch.

When Jerry Liebermann and Linda Harris married, they thought they would have only a few months together before Jerry's chronic myeloid leukemia took his life.

Thank goodness they were wrong. Jerry and Linda have celebrated more than 34 years of marriage together. "I'm so grateful to Fred Hutch. They have literally saved my life multiple times," says Jerry, who first came to Fred Hutch for a bone marrow transplant in 1981 and returned three times to treat recurrences. Each time his cancer came back, Jerry received the latest treatment, buying him additional years of sustained life.

With the time they didn't think they'd have, Jerry and Linda have developed the easy rapport of long-married couples, finishing each other's sentences as they retell old stories. They've established a home together in Seattle and raised a daughter, Rebekah, a recent college graduate and local AmeriCorps volunteer.

"I can't believe that I'm still around," says Jerry, a retired bioengineer. "I really love life. I have loved ones and I have family, and life is good."

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Phone: 206.667.3396


Jerry and Linda have chosen to honor their unexpected years together by creating a charitable remainder trust, which provides them with yearly income while ensuring that discoveries like those that saved Jerry's life continue to save others' lives in the future.

"Our donations buy time. They buy time for patients so they can live long enough for the treatment, or the drug, or whatever it is that will keep them alive," Jerry says.

Charitable Remainder Trusts

Use your gift to add to your retirement
With a charitable remainder trust, you can receive a charitable tax deduction and income for yourself or another named beneficiary for life or for a set term of up to 20 years. Often you can actually increase your income over what you're now receiving from your assets. If appreciated securities or real estate is used, you may be able to avoid or minimize capital gains tax. Once the payment period ends — or you or your beneficiary passes on — the remaining value of your gift goes to support the Hutch's lifesaving research.

Charitable remainder unitrust

Yields an income based on an established percentage of the annual valuation of your trust's assets.

Calculate Your Benefits
Charitable remainder annuity trust

Pays you a fixed dollar amount you choose at the start regardless of fluctuations in trust investments.

Calculate Your Benefits

Our Planned Giving team is available to assist you without any obligation. We will thoroughly explain your giving options and provide sample calculations. 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 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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