1. Strengthen Your Community. Start the conversation.

2. 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.

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

4. 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.

5. 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

6. 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

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

8. Wealth in Florida Report Let’s Look at the Factors: Population Population Current Net Worth/Income Current Net Worth/Income Age Age Growth Growth

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

10. Wealth in Florida Report  Income: Income and Current Net Worth correlate. Collier CountyFloridaUnited States Median household income 2007-2011 $56,876$47,827$27,915 Source: United States Census Bureau

11. 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 FloridaUnited States Under 1819%21%24% 18-6454%61%63% 65+26%17%13%

12. Wealth in Florida Report  Growth: Communities that grow are more likely to have new wealth created.

13. Wealth in Florida Current Net Worth Florida $1.4 Trillion (Estimated to Grow to more than $3 Trillion by 2060). Florida $1.4 Trillion (Estimated to Grow to more than $3 Trillion by 2060). Average Current Net Worth per household in Florida $194,000. Average Current Net Worth per household in Florida $194,000. Average 10 year ‘wealth transfer’ per household Florida $43,400. Average 10 year ‘wealth transfer’ per household Florida $43,400. Source: Center for Rural Entrepreneurship, 2012

14. Wealth in Florida Current Net Worth Collier County $52.37 Billion (Estimated to Grow to $148 Billion by 2060). Collier County $52.37 Billion (Estimated to Grow to $148 Billion by 2060). Average Current Net Worth per household in Collier County $393,200. Average Current Net Worth per household in Collier County $393,200. Average 10 year ‘wealth transfer’ per household in Collier County $110,400. Average 10 year ‘wealth transfer’ per household in Collier County $110,400. Source: Center for Rural Entrepreneurship, 2012

15. 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

16. The 5% Charitable Goal… A Golden Opportunity

17. 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

18. 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

19. 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

20. 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

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

22. 27% of Collier County’s population is 65+. Compared to 17% statewide.

23. 34% of Collier County residents under 18 are living at the poverty level. Compared to 25% statewide.

24. 1.3% of Collier County Government Budget goes towards Human Services. Compared to 9.1% statewide.

25. This gives us the opportunity to have community conversations.

26. 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

27. 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

28. Come Home to ORD, Nebraska

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

30. Nationally, Florida ranks 19 th 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.

31. 6-10% include a non-profit organization in their wills or estate plans. Source: Leave a Legacy

32. Our goal: Start the conversation.

33. 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.

34. Charitable investments can be made now or through your will. Consider 5%, 10% or more.

35. 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.

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

37. Let’s start the conversation.

38. What does this community mean to you? “I grew up here”

39. What does this community mean to you? “We fell in love here”

40. What does this community mean to you? “I raised a family here”

41. What does this community mean to you? “I built a company here”

42. What does this community mean to you? “I retired here”

43. Whether this is your hometown or the place you now call home… You have a lot invested here.

44. For conversation-starting tips, call Eileen Connolly-Keesler at the Community Foundation of Collier County 239-649-5000 ekeesler@cfcollier.org