Strengthen Your Community.Start the conversation.

Source: Millionaires and the Millennium: New Estimates of the Forthcoming Wealth Transfer and the Prospects for a Golden

Age of Philanthropy

In 1999, Boston College researchers projected $41 Trillion would shift from one generation to the next before 2052.

Phenomenon is now commonly known as the ‘Transfer of Wealth’.

Source: Millionaires and the Millennium: New Estimates of the Forthcoming Wealth Transfer and the Prospects for a Golden Age of Philanthropy

Their research projects the dawn of a new “Golden Age” of charitable giving.

A “Golden Age” of Giving Growth in material resources Widespread feelings of financial

security Economic, emotional and spiritual

incentives Charitable planning now includes

conversations about ability to give, people and causes we care about, strategies to suit objectives

Source: Millionaires and the Millennium: New Estimates of the Forthcoming Wealth Transfer and the Prospects for a Golden

Age of Philanthropy

Organizations that Funded the Florida TOW Study:

Community Foundation of Broward Community Foundation of Central Florida Community Foundation of Collier County The Community Foundation of Sarasota County Community Foundation of Tampa Bay The Community Foundation for Northeast Florida Community Foundation for Palm Beach & Martin

Counties Edyth Bush Charitable Foundation Gulf Coast Community Foundation The Miami Foundation Southwest Florida Community Foundation

What does the ‘Transfer of Wealth’ mean for the state of Florida and Collier County?

Wealth in Florida Report

Let’s Look at the Factors:

PopulationCurrent Net Worth/IncomeAgeGrowth

Wealth in Florida Report

Population: Study assumes Florida will receive a share of the $41 Trillion wealth transfer proportionate to its population.

Wealth in Florida Report Income: Income and Current Net Worth

correlate.

Collier County Florida United States

Median household income

2007-2011 $56,876 $47,827 $27,915

Source: United States Census Bureau

Wealth in Florida Report Age: Age and wealth are related.

Until age 75, household net worth increases with age.

Florida and Collier County residents are older than the national average.

Collier County

Florida United States

Under 18 19% 21% 24%

18-64 54% 61% 63%

65+ 26% 17% 13%

Wealth in Florida Report Growth: Communities that grow are more

likely to have new wealth created.

Wealth in Florida Current Net WorthFlorida $1.4 Trillion

(Estimated to Grow to more than $3 Trillion by 2060).

Average Current Net Worth per household in Florida $194,000.

Average 10 year ‘wealth transfer’ per household Florida $43,400.

Source: Center for Rural Entrepreneurship, 2012

Wealth in Florida Current Net WorthCollier County $52.37

Billion(Estimated to Grow to $148 Billion by 2060).

Average Current Net Worth per household in Collier County $393,200.

Average 10 year ‘wealth transfer’ per household in Collier County $110,400.

Source: Center for Rural Entrepreneurship, 2012

In Florida, of the $1.4 Trillion it is expected more than $322.35 Billion will change hands by 2020.

In Collier County, of the $52.37 Billion it is expected more than $14.70 Billion will change hands by 2020.

Source: Center for Rural Entrepreneurship, 2012

Anticipated Transfer of Wealth

The 5% Charitable Goal…

A Golden Opportunity

Charitable Opportunities

In Florida if just 5% of $322 Billion is captured to charitable endowment funds, more than $16 Billion would be collected in the next 10 years statewide.

Source: Center for Rural Entrepreneurship, 2012

Charitable Opportunities

In Florida, if $16 Billion is placed into endowed funds, $806 Million would be available in communities across Florida for community betterment each year. Forever.

Source: Center for Rural Entrepreneurship, 2012

Charitable Opportunities

In Collier County if just 5% of $52 Billion would translate into $735 Million for charity in the next 10 years.

Source: Center for Rural Entrepreneurship, 2012

Charitable Opportunities In Collier County, $734 Million placed

into endowments would spin off $34 Million for community betterment each year. Forever.

Source: Center for Rural Entrepreneurship, 2012

This is our ‘best chance’ to strengthen communities for future generations.

27% of Collier County’s population is 65+.

Compared to 17% statewide.

O-24 25-64 65+0

10

20

30

40

50

60

26.1

47.1

27.230.2

52

18

AGE Profile

Collier CountyFlorida

34% of Collier County residents under 18 are living at the poverty level.

Compared to 25% statewide.

1.3% of Collier County Government Budget goes towards Human Services.

Compared to 9.1% statewide.

Collier County Florida

1.3

9.1

2011 Collier County Government Percent of Human Services Expenses Compared to Florida

This gives us the opportunity to have community conversations.

The Story of Ord, Nebraska Located in Valley

County, NE Population: 2,200 Small-town

challenges: school-funding cuts, declining home values, methamphetamine problems

Source: “Nebraska Charities Hope Local Wealth Will Help Revive Main Street,” Chronicle of Philanthropy, December 11,

2003

The Story of Ord, Nebraska

Source: “Nebraska Charities Hope Local Wealth Will Help Revive Main Street,” Chronicle of Philanthropy, December 11,

2003

$600 Million wealth transfer projected $1.2 Million bequest (1999) County affiliate fund started 5 large gifts, including $1.5 Million from farmer Today: Surpassed 5% goal, setting new goal

Come Home to ORD, Nebraska

In Florida, we hope to tap the ‘charitable gene’ and ‘spiritual convictions’ of our residents.

Nationally, Florida ranks 19th for charitable giving.

Source: “How States Stack Up in Generosity,” Chronicle of Philanthropy, August 19, 2012.

Floridians claimed more than $7.4-billion worth of charitable contributions in 2008—a figure that ranks the state No. 4 after California, New York, and Texas.

Total discretionary income donated by a typical resident: 4.6 percent.

6-10% include a non-profit organization in their wills or estate plans.

Source: Leave a Legacy

Our goal: Start the conversation.

Start the conversation. Inspire professional

advisors to talk with clients about charitable giving.

Encourage nonprofits to talk with supporters.

Motivate residents to count this community among their heirs.

Charitable investments can be made now or through your will.

Consider 5%, 10% or more.

Example:A non-profit organization that needs $15,000 to run a program

- If 15 people put $20,000 (5% of $393,000) into an endowment

- that $300,000 endowment would fund that program Forever.

We have the opportunity to turn good communities into great communities that will survive and thrive.

Let’s start the conversation.

What does this community mean to you?

“I grew up here”

What does this community mean to you?

“We fell in love here”

What does this community mean to you?

“I raised a family here”

What does this community mean to you?

“I built a company here”

What does this community mean to you?

“I retired here”

Whether this is your hometown or the place you now call home…

You have a lot invested here.

For conversation-starting tips, call Eileen Connolly-Keeslerat the Community Foundation of Collier County239-649-5000ekeesler@cfcollier.org