Melissa and Kevin McEniry
Almost immediately after opening a donor-advised fund, Kevin McEniry, CEO of NexAir, referred a friend to do the same because he quickly recognized the advantages of giving through the Community Foundation – including locking in a deduction and avoiding taxes when selling appreciated securities.
Kevin explains: “I’m a graduate of UT with an MBA from CBU. Within the last 18 months, someone explained something to me that someone educated should know. When you open a Community Foundation fund, you lock in your tax implications that day and get to disperse at your own timing. With the education I got, I would have assumed that I would know that. But I certainly didn’t.”
Not only did a fund make financial sense, it also helps Kevin and his wife, Melissa, support causes they care about . They give to numerous organizations including Streets Ministries, Junior Achievement of Memphis and the Mid-South, and the Neighborhood School.