Platte County Transfer of Wealth
In 2011, the Nebraska Community Foundation recently completed its 2011 Transfer of Wealth Study. The study provides stunning insights into the true abundance Nebraska enjoys, and the critical need to act now.
Over the next 50 years, $603 billion will transfer from one generation to the next in Nebraska. This wealth may be held in residential and agricultural real estate, securities, retirement accounts, business ownership and other assets.
In Platte County the estimated 50-year intergenerational transfer of wealth is $7.75 billion. Over the next 10 years, $897 million is expected to transfer. Some of this wealth will go to taxes. Most will go to heirs, many of whom no longer live here in Platte County where the wealth was built over generations.
If only a small portion of this wealth – just 5 percent – were given back through charitable gifts and endowed in community funds over the next decade, Platte County would have a $45 million permanent “savings account.”
The transfer of wealth study gives us an opportunity to dream and the motivation to act. Imagine what the earnings on a $45 million endowment could do for Columbus and its surrounding communities.
Making a Difference
If just 5% of the estimated 10-year transfer of wealth were given to endowments benefiting Platte County, more than $45 million could be put to work for community and economic development.