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.
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 3rd annual Drs. Dick & Jan Weaver Challenge for Charities officially kicked off on August 13th, 2025 and will end with our celebration event on December 10th, 2025. Click the link below participate and donate to our partnering charities.