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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 />

Quality Offering You Can quality Count you On can For depend Over 50 on: Years<br />

Farm Storage ! Hopper Bottom Bins<br />

Grain Bin Accessories<br />

Water Storage Tanks ! Aeration Systems<br />

Handling Equipment<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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By offering a wide range of products and services,<br />

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SERVICES<br />

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AG-TEQ, INC.<br />

105 E 2nd<br />

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see us at 105 E 2nd<br />

in The Dalles, OR.<br />

We’re open Monday-<br />

Friday, 8:00-5:00.<br />

WHEAT LIFE JANUARY 2012 37

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