Lead Article December 29, 2014 ISSUE

Fearless giving

Katie Martin

Years ago, when our three children were quite small, my husband and I decided to purchase a house just down the street from where we were living. Our intention was to put a small amount of money into fixing it up, and then quickly place it back on the market (or in real estate terms, flip it). We conservatively determined the amount we expected to net from the sale of the house, and we decided this was going to be our nest egg for our children’s college education.

Around the time we purchased this house, our neighbor’s landlord told her that she needed to move out of her home. This neighbor was a friend of ours, and her kids were our kids’ playmates. She really wanted to continue raising her family on the island where we lived, and she preferred to stay in the same neighborhood.

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