Fall 2023
By Stephanie Lowitt
Like many other financially savvy donors who want to make a difference far into the future, several Dana-Farber Cancer Institute Trustees are embracing the opportunity to establish charitable gift annuities (CGAs), including Jim and Barbara Sadowsky. While this was a new way for them to champion Dana-Farber’s mission, they have been dedicated supporters of Dana-Farber for over 45 years.
“We first became involved with Dana-Farber in 1977 when Barbara was diagnosed at the age of 27 with Hodgkin lymphoma,” Jim said. “When Barbara went into remission, we started our journey to battle cancer on a larger scale.” Through a long-running golf tournament and culinary event, and as co-chairs of the Dana-Farber Society and members of The Dana-Farber Campaign Cabinet, the Sadowskys have helped raise millions since that time.
The Sadowskys saw CGAs as an easy way to make a big impact. The concept is simple: donors establish a CGA with a gift of cash or appreciated securities to Dana-Farber, and Dana-Farber, in turn, pays them a fixed amount for life. After their lifetime the remainder of the gift goes to Dana-Farber. With two rate increases in the past year, CGA rates are higher than they’ve been in over a decade, enhancing the benefit. And, by establishing a CGA, donors join the Dana-Farber Society, a visionary group whose planned gifts “will help continue the incredible research and care benefiting our children and grandchildren,” Barbara said.