Observations all along the line - Kimball & the Southern Panhandle First
The Nebraska Community Foundation completed its 2011 Transfer of Wealth Study which provided insight into the abundance Nebraska enjoys and the opportunities to act now.
Over the next 50 years, $603 billion will transfer from one generation to the next within Nebraska. This wealth may be held in residential and agricultural real estate, securities, retirement accounts, business ownership, and other assets.
In Kimball County, the estimated 50 year intergenerational transfer of wealth is $1.14 billion. This equates to $160 million in just the next 10 years. Some of this wealth will go to taxes. Most will go to heirs, many of whom no longer live here in Kimball County where the wealth was built over generations. If five percent was given back through charitable gifts and endowed in community funds over the next decade, our county would have $8 million in permanent savings within 10 years.
In Banner County, the estimated 50 year transfer is $384 million, or $38 million over the next ten years. If five percent of that amount was endowed, it would mean $2 million of endowed savings in the next 10 years.
This transfer of wealth gives us an opportunity to dream and the motivation to act. Imagine what the earnings of these two examples of endowed funds could do for our hometowns!
Nebraskans are among the most generous people in the nation. Many have given generously throughout their lifetime. Please consider the option of contributing into the Kimball Area Foundation Endowment Fund for a perpetual savings beyond our lifetime into the future for our children.
The Kimball Area Foundation is “Where Your Gift Does Make a Difference….” Please let us know if you would like more information about planning a gift to your community! Contact Larissa Binod at (308) 235-1813 or Nancy Olsen at (308) 436-2771.