Add a New Branch to Your Family Tree
Transfer of Wealth in Wisconsin
Key Messages about Wealth in Wisconsin
§ Wealth transfer is taking place in Wisconsin. Research projects $687 billion will change hands by 2050, with $105 billion changing hands before 2010.
§ This represents golden opportunity to strengthen communities.
§ Goal is to retain 5% for charitable purposes.
§ Charitable gifts represent a margin of excellence for Wisconsin communities…the difference between ‘good’ and ‘great’.
§ We hope to inspire conversations about this and encourage residents to count their community among their heirs.
Of all the life lessons you’ll pass on,
the most important is how to give back.
You can set a great example.
Why is this important?
§ Wisconsin stands at a ‘quality of life’ crossroads.
§ Our population is shifting. (By 2030, Wisconsin will be home to as many 60 year-olds as 19 year-olds. Consider what that means for businesses and the workforce.)
§ More young people are leaving our state than moving in. (Brain drain is real. We lose about 20% of our college graduates to other states. And, brain gain is an even bigger project. We attract fewer college graduates than any other state in the region—except Indiana.)
§ Our economy is shifting. (Economic changes are taking place in two key Wisconsin industries: agriculture and manufacturing.)
§ It’s time to think about our future. We need to think bigger and work together.
§ We can unleash a powerful force in Wisconsin—the force of charitable investments.
§ Up to this point, we’ve relied primarily on government and business to improve our quality of life. We need to motivate people with a passion for this state to invest in its future.
§ Wisconsin is known as one of the ‘least generous’ states in the country. We haven’t asked people to create strong public-private partnerships. We need to change that thinking.
§ What’s the difference between a good place to live and a great place to live? 5%
§ $687 billion is projected to change hands by 2050.
§ $105 billion before 2010.
§ 5% invested in communities = $5.3 billion; if placed in endowments, $263 million, every year, forever.
§ Charitable investments will help ensure Wisconsin remains a livable state.
Count Your Community Among Your Heirs.
When we talk about funds changing hands among heirs, people naturally think of children and grandchildren.
We are asking you to consider your community as well.
You can play a valuable role in ensuring your communities survive and thrive for future generations.
Consider a charitable investment of 5%, 10% or more in your estate plan. Your gift can improve the quality of life and help the community grow. Share your ideas with your family and your attorney.
For conversation starting tips visit www.WisconsinGives.org.
