1. Minnesota Generational Transfer of Wealth Study SM Kim Embretson CFREAndrea Lubov

2. Growth in personal wealth74% first generation high net worth 276billionaires 350,000deca-millionaires

3. Growth in giving i n v e s t i n g i n c o m m u n i t y

4. Midwestern State Studies TOW done

5. Midwestern State Studies TOW done

6. The Study $41 trillion Transfer of wealth Nationwide through 2050:

7. The Study $41 trillion Transfer of wealth Nationwide through 2050: Transfer of wealth for all counties in Minnesota 2011 - 2030: $47.9 billion

8.   2000 census by counties   Selected sample wealth survey   Boston College Transfer of Wealth study   Andrea Lubov of Anton, Lubov, and Assoc.   Bob Bunger of HBH and Assoc. Transfer of Wealth Study © 2006 West Central Initiative Key demographics

9.   Last surviving spouse in family age 65 and older.   Total estate value of financial and non financial assets.   Average gift to charity through estates is 15%   Target goal of 5% of assets to CF or WCI Transfer of Wealth Study © 2006 West Central Initiative Important data by county

10.   Long time residents   Advisors for a local component fund   Professional advisors, such as lawyers, accountants, financial planners   Board members and staff of non-profits People with a vision for their communities Transfer of Wealth Study © 2006 West Central Initiative

11. Transfer of Wealth Study © 2006 West Central Initiative Transfer of Wealth in West Central Minnesota Becker County goal of donations to community fund or local charities in $ millions YearsTransfer5% goal 2011-2015$35.9$1.8 2016-2020$47.1$2.4 2021-2025$59.3$3.0 2026-2030$72.5$3.6

12. Transfer of Wealth Study © 2006 West Central Initiative Transfer of Wealth in Southwest Minnesota Kandiyohi County goal of donations to community fund or local charities in $ millions YearsTransfer5% goal 2011-2015$95.8$4.8 2016-2020$117.1$5.9 2021-2025$148.2$7.4 2026-2030$194 $9.7

13. Transfer of Wealth Study © 2006 West Central Initiative Transfer of Wealth in Northwest Minnesota Lake of the Woods County goal of donations to community fund or local charities in $ millions YearsTransfer5% goal 2011-2015$8.4$0.4 2016-2020$9.3$0.5 2021-2025$10.8$0.5 2026-2030$12.8$0.6

14. Transfer of Wealth Study © 2006 West Central Initiative Transfer of Wealth in Central Minnesota Stearns County goal of donations to community fund or local charities in $ millions YearsTransfer5% goal 2011-2015$192.6$9.6 2016-2020$225.6$11.3 2021-2025$272.2$13.6 2026-2030$334.8$16.7

15. Transfer of Wealth Study © 2006 West Central Initiative Transfer of Wealth in Northeast Minnesota Koochiching County goal of donations to community fund or local charities in $ millions YearsTransfer5% goal 2011-2015$27.4$1.4 2016-2020$30.1$1.5 2021-2025$34$1.7 2026-2030$38.7$1.9

16. Transfer of Wealth Study © 2006 West Central Initiative Transfer of Wealth in Southern Minnesota Fillmore County goal of donations to community fund or local charities in $ millions YearsTransfer5% goal 2011-2015$50.5$2.5 2016-2020$53.9$2.7 2021-2025$61.9$3.1 2026-2030$73.1$3.7

17. Transfer of Wealth Study © 2006 West Central Initiative Transfer of Wealth in Southern Minnesota Olmsted County goal of donations to community fund or local charities in $ millions YearsTransfer5% goal 2011-2015$229.3$11.5 2016-2020$274$13.7 2021-2025$339.6$17 2026-2030$433.8$21.7

18. Transfer of Wealth Study © 2006 West Central Initiative Transfer of Wealth in Metro Minnesota Ramsey County goal of donations to community fund or local charities in $ millions YearsTransfer5% goal 2011-2015$1,037$51.9 2016-2020$1,164.4$58.2 2021-2025$1,396$69.8 2026-2030$1,705.2$85.3

19. One family’s story Teaching charitable giving

20. › Opportunity to make charitable decisions as a family › Hands-on experience for each child to express giving preferences › Teach financial and community responsibility › Passing along family “giving values” to next generation Philanthropic goals: giving back people Teaching Charitable Giving

21. › 1994: set up with a gift of $200,000 › 1999: fund has grown to $250,000 › Two times each year the family meets to recommend charitable distributions › 1998: during the year, distributed more than $12,000 in grants to local community Philanthropic goals: giving back people Teaching Charitable Giving

22. How can it help you promote philanthropy? Minnesota Generational Transfer of Wealth Study