Building Upon a Family Legacy:
The Gentry Family
Kendall and Nancy Gentry built their business and raised their family in Skagit County. For many years, they have been active community philanthropists and members of the Burlington Rotary Club & His Place Community Church. Skagit Adult Day Program & Skagit Habitat for Humanity have had significant Gentry Family influence over the years.
Their goals now are to snowbird in Florida during winter and early spring months, use their motorhome to explore the Great NW and enjoy their family that includes 8 grandchildren whenever and wherever they can.
Continuing their family legacy through the new Gentry Family Donor Advised Fund managed by the Skagit Community Foundation is a way for them to continue to give back to the community that has been such a BIG part of their lives for now over 50 years.
A gift of real estate, a home in Burlington, was donated to the Skagit Community Foundation to launch the Gentry Family Donor Advised Fund.
A gift of real estate is a gift-in-kind: the value of the home is assigned by the donor and is tax-deductible. This type of donation is most powerful, tax-wise, with a low basis appreciated asset. (While avoiding capital gains tax).
The home quickly sold above the asking price and the net proceeds were delivered to the Skagit Community Foundation to invest as the Gentry Family Donor Advised Fund.
Donor Advised Funds are interactive, flexible, and a perfect option for customized grantmaking throughout the year- and offer the option to be invested or not.
We are excited to partner with Kendall and Nancy to support their generosity to our local community and the causes they care about.
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