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MCCCF
  • Home
  • Weaver Challenge
  • Women of Numbers
  • Giving & Planning
    • Giving Now
    • Planned Giving
    • Why Work With Us
    • Endow KY Tax Credit
  • Community Impact
    • Nonprofit Endowments
    • Donor Advised Funds
    • Founders & Members
  • About
    • Board of Directors
    • Transfer of Wealth
  • Resources
  • Contact

Transfer of Wealth

What is "transfer of Wealth?"

What is "transfer of Wealth?"

What is "transfer of Wealth?"

​​In 2010, the Kentucky Philanthropy Initiative released "The Transfer of Wealth", a report on how the intergenerational transfer of wealth can inform public initiatives, inspire wealth-building, empower communities, and transform Kentucky. "Over the next 50 years, Kentuckians will likely transfer $707 billion to the next generation. This intergenerational transfer of wealth offers an unprecedented opportunity to create a profound legacy--if we count our communities among our heirs. Imagine what just a 5% legacy investment could do for the long-term economic development and quality of life of our communities. 

Murray-Calloway County

What is "transfer of Wealth?"

What is "transfer of Wealth?"

According to the Report, over the next 10 years, Murray-Calloway County will see a transfer of wealth of $590 million. If just 5% of that wealth--$29 million--is invested in community endowments, that investment would ultimately provide $1.5 million a year--in perpetuity--to identified community development and charitable needs of Murray and Calloway County. Over the next 20 years, with a similar portion of invested wealth transfer, the investment would provide $3.4 million a year--in perpetuity--to the identified community development and charitable needs of Murray and Calloway County. 

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THE DRS. DICK & JAN WEAVER CHALLENGE FOR CHARITIES

The 2nd annual Drs. Dick & Jan Weaver Challenge for Charities has concluded. This year raising over $387,300 total including matched funds. You can learn more about the Weaver Challenge and directly support nonprofit organizations by clicking the link below.

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