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HomeTown Partnerships-Charitable Assets Committee
Hillsdale County's Projected Wealth Transfer [Click here to view full size picture]

The Power of Giving Together

Turning a One-time Opportunity into Long-term Good for Hillsdale County! 

 

New research commissioned by community foundations projects an unprecedented transfer of wealth from the World War II generation and the baby boomers to the next generation.  It is expected to be the largest transfer of wealth in our nation’s history.  A surprising $3.71 billion is projected to change hands within Hillsdale County alone!  In the State of Michigan and in Hillsdale County, the transfer of assets is expected to peak between 2025 and 2035.  

 

With most estates in the U.S., the vast majority of assets go to heirs. For generations, people lived their entire lives close to their birthplace, and as wealth passed from one generation to the next, most stayed in the same town or county. This is no longer true… and once the wealth leaves our county, it will not return to benefit our local stores, businesses and overall local economy.   

 

We urge Hillsdale County residents to consider designating a portion of their estate, IRA and 401(k) accounts or insurance policies to a Hillsdale County charity that will ensure Hillsdale County enjoys the long-term benefits of this one-time opportunity.  

 

For example, in the next ten years, if just five percent of this transfer could be invested in an endowed fund, nearly $28 million would be gained.  Endowed funds last forever and grow over time because the principal is never spent. Earnings are used to make grants in the name of each fund, supporting charitable causes and creating personal legacies of giving in Hillsdale County.   Figuring a five percent payout, an estimated $1.44 million could be available annually to improve the quality of life in our community and secure our future.   

 

Now is the time to make sure that the transfer of wealth is a transformative force for good in our county.   Gifts of all sizes will add up to big benefits this community will experience for generations. Together, we can convert a small portion of our wealth to make a large difference.  

Transfer of Wealth Study Information

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