Planned Giving

Transforming Realty to Gift Reality

Real Estate

Learn more about making tax-wise gifts.

Ready to start planning today?

Learn how you can make a
big difference with just a
little effort.

Learn more about the many benefits of a charitable
gift annuity.

Discover which type of charitable trust fits your estate plan.

Learn more about the many ways to give real estate.

Learn how you can establish a legacy of support.

Want to learn more about donor advised funds?

Want to learn more about this simple gift?

Ready to take advantage of this tax-smart gift opportunity?

View My Free Guide

Want to make a gift to Fred Hutch without touching your bank account? Consider giving us real estate, which provides the resources to continue the Hutch's lifesaving work for years to come. Real estate can be a personal residence, vacation home, farm, commercial property or undeveloped land.

A gift of real estate also helps you. When you give us appreciated property you have held longer than one year, you get a federal income tax charitable deduction. You avoid paying capital gains tax, and you no longer have to deal with the property's maintenance costs, property taxes or insurance.

Another benefit: You don't have to hassle with selling the real estate. You can deed the property directly to Fred Hutch or ask your attorney to add a few sentences in your will or trust agreement.

Ways to Give Real Estate

You can give real estate to Fred Hutch in the following ways:

Submit a few details and see the benefits of an outright gift.

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Outright gift. When you make a gift today of real estate you have owned longer than one year, you obtain a federal income tax charitable deduction equal to the property's full fair market value. This deduction lets you reduce the cost of making the gift and frees cash that otherwise would have been used to pay taxes. By donating the property to the Hutch, you also eliminate capital gains tax on its appreciation. Furthermore, the transfer is not subject to the gift tax, and the gift reduces your future taxable estate.

Gift in your will or living trust. A gift of real estate through your will or living trust allows you the flexibility to change your mind and the potential to support our work with a larger gift than you could during your lifetime. With a few sentences, you can ensure that your support for Fred Hutch continues after your lifetime and that your estate will benefit from a federal estate tax charitable deducation.

Submit a few details and see the benefits of a retained life estate.

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Retained life estate. Perhaps you like the tax advantages a gift of real estate to the Hutch would offer, but you want to continue using the property for your lifetime. You can transfer your personal residence, vacation home or farm to Fred Hutch but keep the right to occupy (or rent out) the property for the rest of your life. You continue to pay real estate taxes, maintenance fees and insurance on the property. Even though we would not actually take possession of the property until after your lifetime, since your gift cannot be revoked, you receive an immediate federal income tax charitable deduction for a portion of your property's value.

Submit a few details and see the benefits of a deferred charitable gift annuity.

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Deferred charitable gift annuity. Are you tired of the hassles of maintaining your property such as paying taxes, utilities and repair bills? Consider donating the property to Fred Hutch in exchange for reliable payments for life for you — and someone else, if you choose. When you arrange a deferred charitable gift annuity, you're allowed a federal income tax charitable deduction in the year you set up the gift annuity when you itemize your taxes. If you use appreciated real estate to make a gift, you may eliminate capital gains tax on a portion of the gift and spread the rest of the gain over your life expectancy. A gift of unmortgaged property to fund a deferred gift annuity is preferable and generates the greatest tax benefit.

Submit a few details and see the benefits of a bargain sale.

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Bargain sale. Want to sell the Hutch your property for less than the fair market value? A "bargain sale" may be the answer. When you make a bargain sale, you sell your property to Fred Hutch for less than what it's worth. The difference between the actual value and the sale price is considered a gift to us. A bargain sale can be an effective way to dispose of property that has increased in value, and it is the only gift vehicle that can give you a lump sum of cash and a charitable deduction at the same time.

Submit a few details and see the benefits of a charitable remainder unitrust.

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Charitable remainder unitrust. You can contribute any type of appreciated real estate you've owned for more than one year, provided it's unmortgaged, in exchange for an income stream for life or a term of up to 20 years. The donated property may be a residence (a personal residence must be vacant upon contribution), undeveloped land, a farm or commercial property. Real estate works well with only certain variations of charitable remainder trusts. Your estate planning attorney, who will draft your trust, can give you more details.

Submit a few details and see the benefits of a charitable lead unitrust.

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Charitable lead trust. This gift can be a wonderful way for you to benefit Fred Hutch and simultaneously transfer appreciated real estate to your family tax-free. You should consider funding the charitable lead trust with real estate that is income-producing and expected to increase in value over the term of the trust.

Memorial or endowed gift. A gift of real estate may be a perfect way to honor your loved one in perpetuity. When you make an endowed gift of real estate, your contribution is invested with and becomes part of our endowment. An annual distribution is made for the purpose you designate*. Because the principal remains intact, the fund will generate support our research in perpetuity.

Donor advised fund. When you transfer real estate to your donor advised fund, you avoid capital gains taxes and receive a federal income tax deduction based on the fair market value of the property.

Check Out This Potential Scenario

Janet purchased her home years ago and has watched it grow steadily in value. Still active in her career and traveling frequently, she's beginning to find home ownership more and more of a hassle. At this stage of her life, Janet has decided to move to a 55+ condominium development, where all exterior maintenance is provided and she doesn't have to worry about security issues. Janet sees this as an opportunity to give her existing house to a charity that's important to her while realizing valuable tax benefits.

Janet qualifies for a federal income tax charitable deduction of $250,000, which is for her home's fair market value today. She is able to claim 30 percent of her $200,000 adjusted gross income, or $60,000, in the year of the gift. In the five years following, she can continue to use up the remaining $190,000 deduction. Janet is happy in her new condo and loves knowing that the gift of her house will make a big difference supporting Fred Hutch's mission.

Next Steps

  1. Contact our Planned Giving team at 206.667.3396 or plannedgiving@fredhutch.org to discuss the possibility of giving real estate to Fred Hutch.
  2. Seek the advice of your financial or legal advisor to make sure this gift fits your goals.
  3. If you include Fred Hutch in your plans, please use our legal name and Federal Tax ID.

Legal Name: Fred Hutchinson Cancer Research Center
Address: 1100 Fairview Ave. N., Mail Stop J5-200, Seattle, WA 98109
Federal Tax ID Number: 23-7156071

*If you are interested in supporting a specific project, program or area of research, it is best to discuss your plans with our Planned Giving team before completing your gift to confirm Fred Hutch can meet your wishes.

Learn more about making tax-wise gifts.

Ready to start planning today?

Learn how you can make a
big difference with just a
little effort.

Learn more about the many benefits of a charitable
gift annuity.

Discover which type of charitable trust fits your estate plan.

Learn more about the many ways to give real estate.

Learn how you can establish a legacy of support.

Want to learn more about donor advised funds?

Want to learn more about this simple gift?

Ready to take advantage of this tax-smart gift opportunity?

View My Free Guide

Not Sure How to Begin Planning?

Download our FREE Personal Estate Planning Kit

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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