Kansas
Kansas
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A Transfer of Wealth study commissioned by the Kansas Health Foundation and conducted by the Center of Economic Development and Business Research at Wichita State University estimates the current net worth of Kansas Residents to be $545 billion. Over the next 12 years, $66 billion is expected to pass from one generation to the next. over the next 50 years, $598 billion of wealth is expected to transfer.
Transfer of Wealth Background
Following the Great Depression and World War II, the United States entered a golden age of business growth and personal prosperity. Americans have created, invested and multiplies unprecedented private wealth. Over the next 50 years, this capital -- a conservative estimate of $41 trillion nationwide -- will change hands. Most will go to heirs and taxes, but Kansas community foundations are leading an effort to ensure that a portion is presserved and invested in communities across the state.
Transfer of Wealth in our Community
In the next 12 years, the wealth transfer estimate for Thomas County is over $149 million. Over the next 50 years, the estimated transfer of wealth in our community is oer $677 million. Using the conservative goalof capturing just five percent of the likely transfer of wealth between now and 2020, $7,472,380.00 could be realized for our community endowment or local nonprofits. Using our three to five percent payout rate, a remarkable $224,000 to $373,000 would be available each year for community betterment projects and that number would continue to grow over time, providing sustainable resources for many generations tocom.
Three Ways to Participate
We encourage individuals, families and businesses in our community to give together.
1. Designate the community foundation as the beneficiary of your retirement account.
2. Designate the community foundation charity as the beneficiary of a life insurance policy.
3. Ask your professional advisor to add the community foundation to your estate plan.
We would appreciate the opportunity to speak with you personally about how you can join us securing the future of our community forever. Please contact us at:
Thomas County Community Foundation
350 South Range Suite 14
Colby, KS 67701
785-460-9152
e-mail: tccf@st-tel.net
www.thomascountycommunityfoundation.com