Special giving opportunities
Planned giving – translate your values into action.
Create a legacy, with a bequest in your will. Your gift ensures the medical programs and research at Bloodworks Northwest continues for generations to come.
How to Establish a Bequest
Pick Which Asset to Give: Making a gift to Bloodworks Northwest through your will or living trust offers great flexibility. You can give a variety of assets such as:
- A specific piece of property,
- A specific sum of money, or
- A percentage or residue of your estate.
This is a way to make a lasting contribution to support BloodworksNW’s work without affecting your current financial security and freedom. A simple directive in your will or living trust, called a charitable bequest, can bring enduring support to BloodworksNW.
Charitable bequests are straightforward to arrange, reduce your assets subject to taxation, and do not affect your current assets. There is no immediate out-of-pocket cost to you or disruption of your lifestyle.
In addition to the variety of assets that can be used to make a bequest, there are also a variety of ways to structure your bequest. These options include the following:
Choose One That Suits You
- Specific Bequest: BloodworksNW receives a specified dollar amount or specified assets, such as securities, real estate, or tangible personal property.
- Residual Bequest: BloodworksNW would receive all or a percentage of the remainder of an estate after specified amounts bequeathed to other beneficiaries are distributed and estate-related expenses are paid.
- Contingent Bequest: BloodworksNW would receive a gift if another named beneficiary predeceases you.
- Testamentary Trusts: You establish a trust through your will so that a named beneficiary receives income for life or a term of years, and, at the end of the trust term, BloodworksNW receives the remainder.
Seek Legal Counsel
Legal advice is essential in drafting or changing your will. Since a will reflects your deepest wishes, it should be carefully constructed to accomplish exactly what you desire. This information is intended only to serve as a guideline for you and not as a substitute for professional legal counsel.
If you do not have an attorney, consult the Estate Planning Council in your area. Members of these groups are highly qualified to help you translate your values into action. Their fees are more affordable than you would think. Furthermore, after you have put your plans on paper, you will embrace the future with confidence and a sense of peace.
You can take this information about BloodworksNW to your attorney:
- Legal Name: Bloodworks Northwest
- Headquarters: 921 Terry Avenue Seattle, WA 98104
- Tax Identification Number: 91-1019655
- IRS Tax Exempt Status: Nonprofit 501(c)(3)
- Suggested Bequest Language
Join the Heritage Society
If you choose to remember the Blood Center in your plans, we encourage you to let us know so we may say “thank you” and welcome you as a member of the Heritage Society. We recognize Heritage Society members on the permanent Benefactors Wall and in our annual reports to the community. These acknowledgments also serve to remind others of giving opportunities. Heritage Society members are invited to meet other members and supporters at the annual Board and Benefactors’ Dinner. If you prefer, we will keep the fact of your bequest intention confidential. We understand fully if you prefer not to share specific amounts or it you have no way of knowing what might be left over for your charitable gifts.
There are many ways to plan special gifts for Bloodworks Northwest and your other charitable interests; a bequest through your will is just one. Whatever your plans may be, we encourage you to contact us, without obligation.
If you have questions, contact:
A planned gift benefits not only the Blood Center; but also, you and your loved ones. Annuities and trusts provide personal income to you or to another person for life, offering immediate benefits to you and benefiting the Blood Center later. They also qualify for income and estate tax deductions.
- Charitable Annuity Trusts: Depending on your age, a charitable annuity trust offers you a lifetime income between 4.6% & 12% of the gift you make to the Blood Center. You can also defer the payments for a loved one’s future security, which usually results in a greater annual income. For example, if you invest $100,000 in a charitable trust, you can direct the Blood Center to pay you a fixed payment each year for life or for a specified period of time. Upon your passing, or this period of time ends, the balance that remains in the annuity benefits the Blood Center. You receive a tax deduction the year the gift is made, plus tax-free return of principal.
- Charitable Unitrusts: A charitable Unitrust does not provide a fixed annual payment, but instead the amount paid to you or a beneficiary is a specified percentage of the value of the trust, revalued each year. The payout is guaranteed to be at least 5% of the trust. Unitrusts offer protection against the probability of inflation, a current tax deduction, bypass of capital gains taxes and usually result in an increase in annual income.
- To receive more detailed information call our Development Office and learn about your charitable trust options, call 206.568.3614.
Gifts of personal property, real estate, life insurance, works of art or rare coins are fully tax-deductible at fair market value. Leaving these gifts to the Blood Center provides you with the knowledge and satisfaction that you have made a difference.
Tribute & Memorial Gifts
More than words, tributes and memorials partner a special individual with the lifesaving work and traditions of the Bloodworks Northwest.
Matching Gift Programs
Working with your employer, your generosity can be multiplied with a matching gift. Many companies offer matching gift programs, does yours? Click here to see if your company is on our matching gifts list?
Endowment Funds & Guilds
- Endowments: You can provide permanent support for the Blood Center’s research and programs through an endowment.
- Guilds: Gather a group of friends and neighbors or join a group of volunteers in support of the Blood Center. Guilds revolve around particular interests, neighborhoods, communities, or season.
Please contact the Development Office with any feedback or questions:
921 Terry Avenue
Seattle, WA 98104
Bloodworks Northwest is registered with Washington State’s Charities Program as required by law. Additional information is available by calling 800.332.4483 or visiting sos.wa.gov/charities.
Bloodworks Northwest Tax ID [EIN] #91-1019655