TRANSFER OF WEALTH
According to the Report, over the next 10 years, Murray-Calloway County will see a transfer of wealth of $590 million. If just 5% of that wealth--$29 million--is invested in community endowments, that investment would ultimately provide $1.5 million a year--in perpetuity--to identified community development and charitable needs of Murray and Calloway County. Over the next 20 years, with a similar portion of invested wealth transfer, the investment would provide $3.4 million a year--in perpetuity--to the identified community development and charitable needs of Murray and Calloway County.
What is "Transfer of Wealth?"
In 2010, the Kentucky Philanthropy Initiative released "The Transfer of Wealth", a report on how the intergenerational transfer of wealth can inform public initiatives, inspire wealth-building, empower communities, and transform Kentucky. "Over the next 50 years, Kentuckians will likely transfer $707 billion to the next generation. This intergenerational transfer of wealth offers an unprecedented opportunity to create a profound legacy--if we count our communities among our heirs. Imagine what just a 5% legacy investment could do for the long-term economic development and quality of life of our communities.
Murray-Calloway County Community Foundation, Inc.
705 S 4th St
Murray, KY 42071
MCCCF, Inc. © 2018
Murray-Calloway County Community Foundation is an affiliate of the Community Foundation of West Kentucky.
Designed & maintained by: