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Securing Our Future

The power of giving together. Securing Our Future. Surprising wealth transfer in next 50 years. $53 trillion in United States. $531 Billion in Iowa. $??? Locally. $ 6.1 billion county-wide over 50 years. $314,000 per household. Surprising wealth: Iowa. Washington County, Iowa

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Securing Our Future

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  1. The power of giving together Securing Our Future

  2. Surprising wealth transfer in next 50 years $53 trillion in United States $531 Billion in Iowa $??? Locally

  3. $ 6.1 billion county-wide over 50 years $314,000 per household Surprising wealth: Iowa Washington County, Iowa Population: 21,529 (2006 Estimate U.S. Census)

  4. COMMUNITY WEALTH Yesterday • For generations, people lived entire livesclose to their birthplace • Quad Cities wealth passed from generation to generation, but stayed in the Quad Cities

  5. COMMUNITY WEALTH Today • Many of the next generation no longerlive in our community • Once the wealth leaves our community,it will never return

  6. Community Taxes Heirs PASSING WEALTH FROM ONE GENERATION TO THE NEXT Three beneficiaries

  7. Invest 5% of our wealth asa legacy for future generations 5% INCREASING OUR COMMUNITY’S SHARE Secure Our Future

  8. $305 million in 50 years $38 million in 10 years $34.3 million at 50 years $2.1 million at 10 years Washington County If just 5% is ENDOWED for future generations 5% GRANTED annually to future generations #’s reflect Washington County Wealth Transfer Estimates

  9. Much of Washington County’s wealth has been transferred to communities in California, Arizona, Texas and beyond. LOOKING AHEAD Two possible scenarios Washington County has a robust community endowment and a secure future; or,

  10. YEAR 25 YEAR 1 YEAR 15 YEAR 50 Establish your Family Fund $100,000 in cumulative grants and services $158,000 balance $200,000 in cumulative grants and services $213,000 balance $625,000 in cumulative grants and services $455,000 balance $100,000 gift Initial gift has been invested: 1 TIME 2 TIMES 6+ TIMES One gift, many generations LOOKING AHEAD assumes 5% annual payout and 8.5% rate of return

  11. Remember your heirs and tax obligations Give to your community for good… forever The plan: Securing Our Future

  12. SECURING OUR FUTURE Janis MacLeish Home $150,000 Retirement assets $100,000 Savings and investments $100,000 Life insurance policies $50,000 Total $400,000 5% plan  $20,000

  13. SECURING OUR FUTURE The Blakes Homes $500,000 Retirement assets $1,000,000 Savings and investments $500,000 Life insurance policies $500,000 Business $2,500,000 Total $5,000,000 5% plan  $250,000

  14. SECURING OUR FUTURE The Smiths Homes $300,000 Retirement assets $150,000 Savings and investments $ 150,000 Life insurance policies $50,000 Total $650,000 50% plan  $325,000

  15. SECURING OUR FUTURE Don’t forget about taxes Gift of Retirement Assets $100,000 Income Tax Avoided $35,000 Net Cost of Gift to Heirs  $65,000

  16. SECURING OUR FUTURE Don’t forget about taxes… Gift of Retirement Assets $100,000 Income Tax Avoided $35,000 Estate Tax Avoided $45,000 Net Cost of Gift to Heirs  $35,750

  17. SECURING OUR FUTURE 2. Source of pride for heirs 3. Stronger community for all The payoff 1. Permanent legacy for donor

  18. SECURING OUR FUTURE 1. Permanent legacy Endowed named fund Targeting causes you care about most Grants awarded in the name of your fund for generations to come

  19. SECURING OUR FUTURE 2. Source of pride Give back to your community Model values for the next generation Honor family heritage

  20. SECURING OUR FUTURE Causes that move you 3. Stronger community Enrich education · Safeguard health · Improve neighborhoods · Cultivate arts · Protect environment · Strengthen families

  21. GIVE THROUGH YOUR COMMUNITY FOUNDATION Option to designate a local nonprofit through the Community Foundation of Washington County Charities that touch your life

  22. GIVE THROUGH YOUR COMMUNITY FOUNDATION We accept a wide variety of assets. Securing Our Future: options Outright Gifts Bequest by Will Beneficiary Designation Local Community Impact Fund Charitable Gift Annuity Charitable Remainder Trust Charitable Lead Trust Life Estate Contract

  23. GIVE THROUGH YOUR COMMUNITY FOUNDATION Three easy giving strategies Give highly appreciated assets during your lifetime Give retirement assets throughyour estate Designate the Community Foundation as an insurance policy or retirement account beneficiary

  24. SECURING OUR FUTURE IRA’s in a Large Estate IRA $600,000 45% Federal Estate Tax on IRA ($270,000) Balance as Income $330,000 35% Federal Income Tax Bracket (on $330,000) ($115,500) Net Distributed to Heirs  $214,500 OR Leave $600,000 in a charitable fund for your children to direct for the benefit of the community.

  25. SECURING OUR FUTURE IRA’s in a Large Estate First Child Endowed Fund $200,000 Annual Distribution $10,000 Second Child Endowed Fund $200,000 Annual Distribution $10,000 Third Child Endowed Fund $200,000 Annual Distribution $10,000 Family Endowed Fund Endowed Funds $600,000 Total Annual Distributions $30,000

  26. SECURING OUR FUTURE IRA’s in a Large Estate

  27. SECURING OUR FUTURE IRA’s in a Large EstateFour Easy Steps Step 1: Discuss with Family Step 2: Sign Family Fund Agreement with CFGRB Step 3: Change IRA Beneficiary to Family Charitable Fund at CFWC Step 4: Accept Membership in the Legacy Society

  28. Everyone can be a philanthropist

  29. 1060 West Monroe St. Washington, IA 52353Telephone: 319-653-2265

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