Securing Our Future The power of giving together.		New Research Center for Rural Entrepreneurship releases study on private wealth in Michigan.         Download a Summary  of the size and timing of Chippewa County transfer of wealth
In 50 years, $972 billion is expected to pass from one generation to the next in Michigan. In just 10 years, $140.6 billion will have transferred. National research projects a $53 trillion transfer of wealth across the United States. But while the average transfer nationwide will peak after 50 years, wealth transfer in many Michigan counties will crest in twenty to thirty years. In Chippewa County the greatest wealth transfer will likely happen between 2025 and 2040. Much of this wealth is currently invested in family homes and farms, retirement accounts and other appreciated assets—some of which may be heavily taxed if given to heirs.
A one-time opportunity to create permanent benefits for Chippewa County If only 5% of local wealth was earmarked for charitable endowment, the resulting $19 Million fund would generate millions every year for community projects and priorities in Chippewa County—forever. Chippewa County Community Foundation invites you to secure our future by building the Chippewa County Community Legacy Fund—an endowment dedicated to improving quality of life in Chippewa County. When you give through the Chippewa County Community Foundation, we can establish a fund in your family name, in the name of a loved one, or the name of a cause that’s important to you. Endowed funds last forever and grow over time because the principal is never spent. Earnings are used to make grants in the name of your fund—creating a legacy of giving in Chippewa County. Learn more about endowment. Ways to give If you are retired, a planned gift from your estate may be more attractive to you and your family than a large gift today. You can leave a permanent legacy of giving, be a source of pride to your family and join others like you—building a stronger community. Three easy ways to make a planned gift to your Community Legacy Fund include: · Designate your local community foundation as the beneficiary of your IRA, 401(k) or other retirement account These assets can lose up to 70% of their value when passed to heirs; changing the beneficiary designation does not involve modifying your estate plan. · Designate your local community foundation as the beneficiary of a life insurance policy There is no need to modify your estate plan. · Ask your attorney to add the community foundation to your estate plan Talk to us and your professional advisor to learn about all of your giving options and choose the one that’s right for you and your community.		Download comprehensive statewide research report. Get new statistics on our state’s county-by-county wealth transfer. Compare our region to others in the state. Learn more about your community foundation. View key grants that improve our quality of life. Read how generous donors like you make a difference. Learn more about this wealth transfer research.