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Friday, February 13, 2015
No Estate Tax Left For Bullets
Gert Boyle is 90-something chairman of sports apparel company, Columbia Sportswear in Portland, Ore. When she no longer walks the earth, a vast portion of her estate will have already been given to charity. Why? She doesn't want the estate taxes go towards war. "I wanted to give it some place rather than have government buy bullets," she says. "Bullets are not going to do anybody any good. All you have to do is look at history; killing people isn’t going to do anybody any good."
Included among the charities benefitting from Boyle's success is her pledge $100-million pledged to the Knight Cancer Institute at the Oregon Health & Science University, in Portland, according to Philanthropy Today.