Projected Transfer Of Wealth In The Holland Zeeland Area

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Surprising research on the projected intergenerational Transfer of Wealth in the Holland/Zeeland Area and a variety of opportunities for sustaining the unique Quality of Life we enjoy.

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Projected Transfer Of Wealth In The Holland Zeeland Area

  1. 1. Securing Our Future<br />The power of giving together<br />
  2. 2. Wealth Transfer<br />A likely scenario for Michigan and the U.S.<br />
  3. 3. Holland/Zeeland Area<br />Population: 100,000<br />$9.88 billion in theHolland/Zeeland Area<br />$228,000 per household<br />Surprising wealth: Michigan<br />
  4. 4. Surprising wealth transfer in next 50 years<br />$53 trillion in United States<br />$972 billion in Michigan<br />$11.57 billion in the Holland/Zeeland Area<br />$276,000 per household<br />
  5. 5. COMMUNITY WEALTH<br />Yesterday<br />For generations, people lived entire livesclose to their birthplace<br />Community wealth passed from generation to generation, but stayed in the Holland/Zeeland area<br />
  6. 6. COMMUNITY WEALTH<br />Today<br />Many of the next generation no longerlive in our community<br />Once the wealth leaves our community,it will never return<br />
  7. 7. Community<br />Taxes<br />Heirs<br />PASSING WEALTH FROM ONE GENERATION TO THE NEXT<br />Three beneficiaries<br />
  8. 8. Invest 5% of our wealth asa legacy for future generations<br />5%<br />INCREASING OUR COMMUNITY’S SHARE<br />Secure Our Future<br />
  9. 9. $578 million in 50 years<br />$75 million in 10 years<br />Community Foundation of the Holland/Zeeland Area<br />5% for future generations<br />
  10. 10. LOOKING AHEAD<br />The next 10 to 20 years<br />Critical to the Holland/Zeeland area’s future<br />Opportunity to retain 5% of the Holland/Zeeland area’s wealth for future generations<br />
  11. 11. <ul><li> Much of the Holland/Zeeland area’s wealth has been transferred to communities in California, Arizona, Texas and beyond.</li></ul>LOOKING AHEAD<br />Two possible scenarios<br /> The Holland/Zeeland area has a robust community endowment and a secure future; or<br />,<br />
  12. 12. LOOKING AHEAD<br />Give a gift to our future<br />We’ve lived here<br />We’ve worked here<br />The Holland/Zeeland area has been good to us<br />
  13. 13. YEAR 25<br />YEAR 1<br />YEAR 15<br />YEAR 50<br />$100,000 in cumulative grants and services<br />$158,000 balance<br />$200,000 in cumulative grants and services<br />$213,000 balance<br />$625,000 in cumulative grants and services<br />$355,000 balance<br />Establish a Family Fund<br />$100,000 gift<br />Initial gift has been invested:<br />6+ TIMES<br />1 TIME<br />2 TIMES<br />LOOKING AHEAD<br />One gift, many generations<br />assumes 5% annual payout and 8.5% rate of return<br />
  14. 14. YEAR 10<br />YEAR 50<br />$ 75 million charitable gifts<br />$ 16 milliontotal grants<br />$ 86 million community endowment<br />$ 578 million charitable gifts<br />$ 1.16 billiontotal grants<br />$ 1.25 billion community endowment<br />If 5% of estates transfer to our community foundation endowment…<br />LOOKING AHEAD<br />Many gifts, many generations<br />
  15. 15. The plan: Securing Our Future<br /><ul><li> Remember heirs and tax obligations
  16. 16. Give back to the community </li></ul>for good…for ever<br />
  17. 17. SECURING OUR FUTURE<br />The payoff<br />Permanent legacy for donor<br />Source of pride for heirs<br />Stronger community for all<br />
  18. 18. SECURING OUR FUTURE<br />Permanent legacy<br />Endowed named fund<br />Targeting causes you care about most<br />Grants awarded in the name of your fund for generations to come<br />
  19. 19. SECURING OUR FUTURE<br />Source of pride<br />Give back to your community<br />Model values for the next generation<br />Honor family heritage<br />
  20. 20. SECURING OUR FUTURE<br />Stronger community<br />Causes that move you<br />Enrich education · Safeguard health · Improve neighborhoods · Cultivate arts · Protect environment · Strengthen families<br />
  21. 21. GRANTS THAT MAKE A DIFFERENCE<br />Enrich education<br />
  22. 22. GRANTS THAT MAKE A DIFFERENCE<br />Safeguard health<br />
  23. 23. GRANTS THAT MAKE A DIFFERENCE<br />Improve neighborhoods<br />
  24. 24. GRANTS THAT MAKE A DIFFERENCE<br />Cultivate arts<br />
  25. 25. GRANTS THAT MAKE A DIFFERENCE<br />Protect environment<br />
  26. 26. GRANTS THAT MAKE A DIFFERENCE<br />Strengthen families<br />
  27. 27. GIVE THROUGH YOUR COMMUNITY FOUNDATION<br />Charities that touch your life<br />Option to designate a local nonprofit<br />Evergreen Commons; The Boys and Girls Club; Resthaven; The Macatawa Greenway Partnership; The Holland Chorale; Zeeland Public Schools; Zeeland Christian Schools; Community Action House; The Center for Women in Transition; The Holland Rescue Mission; Disability Network; Hospice of Holland<br />
  28. 28. GIVE THROUGH YOUR COMMUNITY FOUNDATION<br />Ever-changing opportunities and needs<br />Community Legacy Fund<br />Together, we can grow a permanent endowment that is flexibleand relevant through changing times. We can build security and prosperity for future generations.<br />
  29. 29. Char Amante<br />Jack and Marlies DeWitt<br />Jim and Ginger Jurries<br />Paul Lane<br />David and Carol Myers<br />Jerry and Elsie Redeker<br />Evelyn Van Dorp<br />GIVE THROUGH YOUR COMMUNITY FOUNDATION<br />The power of giving together.<br />Securing Our Future: leaders<br />
  30. 30. GIVE THROUGH YOUR COMMUNITY FOUNDATION<br />We accept a wide variety of assets.<br />Securing Our Future: options<br />Outright Gifts<br />Bequest by Will <br />Beneficiary Designation<br />Charitable Gift Annuity<br />Charitable Remainder Trust<br />Charitable Lead Trust<br />Life Estate Contract<br />
  31. 31. GIVE THROUGH YOUR COMMUNITY FOUNDATION<br />Three easy giving strategies<br />Give highly appreciated assets during your lifetime<br />Give retirement assets throughyour estate<br />Designate the Community Foundation as an insurance policy or retirement account beneficiary<br />
  32. 32. Insert Logo<br />Secure Our Future today<br /><ul><li>Assess your estate value
  33. 33. Calculate a percentage for your community
  34. 34. Determine most advantageous asset to give</li></li></ul><li>Everyone can be a philanthropist <br />
  35. 35. Insert Logo<br />Community Foundation of the Holland/Zeeland Area70 W 8th Street, Suite 100Holland, Michigan 49423www.CFHZ.org<br />

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