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PROFILES WL<br />
as part of a living trust. Since that time, Barr has continued<br />
the same philanthropic approach to his life.<br />
Being charitable can have a high cost. Barr had been assured<br />
by his accountant and his lawyer that the donation<br />
would qualify as a nontaxable charitable gift. The Internal<br />
Revenue Service (IRS) did not agree.<br />
Because Barr had retained the capability to use the<br />
land until his death, the IRS ruled that he had to pay up<br />
front for potential future earnings. He was ordered to pay<br />
$600,000 in taxes and interest.<br />
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“That decision bothers me to this day,” said Barr. “But<br />
maybe I’ve had the last laugh after all, because I doubt<br />
they expected me to live this long.”<br />
Barr helped the Rainbow Girls’ organization when they<br />
asked for his assistance in the 1960s.<br />
“They told me they needed to buy some rural property<br />
that wasn’t too far out of the way, and they didn’t want<br />
any water or any snakes,” said Barr. “I gave them 30 acres<br />
of land between Sprague and Edwall. They built a house<br />
on the property and used it for their activities for years.”<br />
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WHEAT LIFE JANUARY 2012 37