Couple leaves property donation worth more than $200-million in B.C.

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Couple leaves property donation worth more than $200-million in B.C.
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Their acquisitions made them rich, but they lived as frugally as they always had, in a modest apartment in New Westminster, nothing flashy about them

When Mary died in 2014, Henry kept the property businesses going. And then, Henry died this past June at age 97.The Rempels left it all to the Mennonite Central Committee British Columbia , a donation that the religious charity revealed this past week. The organization will use the Rempels’s real estate portfolio, including smaller gifts of property that began in 2012, to generate income in what the charity compared to an endowment.

Henry’s family was among thousands of Mennonites who fled Soviet-controlled Ukraine in the 1920s. They received aid from the Mennonite Central Committee, which had formed to help Ukrainian Mennonite refugees travel to North America. His father bought a small farm and grew strawberries and vegetables, and had a few cows. A skilled carpenter, he also built houses and barns for locals. His mother had another son in 1934, named Wilhelm, and she cared for Jacob around the clock.

Henry and Mary’s retirement goal was simple: build a portfolio that would generate revenue in perpetuity, to help those with hardship. They seldom sold a property, and if they did, it would get reinvested. They’d consolidated all their holdings in B.C., and whoever took them over had to follow the same mandate.

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