Transfer of Wealth

1
Transfer of Wealth

• Presentation to
• Name of Organization
• May 2008
• Republic County
• Community Foundation

2
The opportunity in our community

• The Community Foundation
• A local endowment that supports
• the full range of needs
• in our community . . . forever.

3
Transfer of Wealth

• Largest mass of wealth in history will transfer
  in the next 50 years
• 41 trillion is the conservative estimate of
  the wealth transfer
• in the U.S.
• Urgency of capturing a portion of this transfer
  to benefit Kansas and our community.

4
Transfer of Wealth

• Transfer of Wealth Estimation Process
• Conducted by the Center for Economic
  Development and Business Research, Wichita State
  University
• Estimated 545 billion in net worth for the
  state as of 2004
• Allocated total wealth to all 105 counties
• Review process conducted by Kansas-based
  technical team and user advisory team

5
The opportunity in Kansas

• 50-year TOW Estimate (2060)
• 598 Billion
• 12-year TOW Estimate (2020)
• 66 Billion
• Transfer of Wealth TOW amounts reflect estate
  amounts most likely to be readily transferred at
  estate creation.

6
The opportunity in Kansas

• At 5 capture rate by communities
• 3.3 billion across the state
• At 5 annual payout rate
• 165 million annually

7
The opportunity in our community

• 50-year TOW Estimate (2060)
• 477,319,759
• 12-year TOW Estimate (2020)
• 134,674,125

8
The opportunity in our community

• At 5 capture rate by our community
• 6,733,706
• At 5 annual payout rate
• 336,685

9
The opportunity in our community

• An Opportunity to Help Secure our Future and
  address key community issues.

10
The opportunity in our community

• Our assets have more than doubled since we
  received the
• Transfer of Wealth Information. I attribute
  50-60 of this growth
• to the Transfer of Wealth analysis.
• Bob Sutton
• South Dakota Community Foundation

11
The opportunity in our community

• Ways to Participate
• Will or estate plan
• 401K and IRA accounts
• Life insurance policies

12
The opportunity in our community

• A Significant Opportunity
• 134 million transferred in 12 years
• 6.7 million added to our community endowment
  could be realized
• 335,000 could be available for community
  betterment projects
• An urgent call to action to build community
  sustainability in the Republic County area!

13
The opportunity in Kansas

• Secure our future and
• give the Republic County area residents the
  opportunity to contribute and make their
  communities sustainable and
• a better place to live, work
• and raise families.

14
Kansas Transfer of Wealth

• Questions?

15
Kansas Transfer of Wealth

• Thank you
• May 2008
• Republic County
• Community Foundation