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Endow Minnesota: The Opportunity of a Generation. Presentation Date. Presenter’s Logo. The Opportunity of a Generation. $47.9 billion transfer of wealth in Minnesota. Minnesota Generational Transfer of Wealth Study, 2011 www.mcf.org/resources/transfer. www.mcf.org/endowmn 10.

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Endow minnesota the opportunity of a generation

Endow Minnesota:The Opportunity of a Generation

Presentation Date



The opportunity of a generation
The Opportunity of a Generation

$47.9 billion transfer of wealth in Minnesota

Minnesota Generational Transfer of Wealth Study, 2011


www.mcf.org/endowmn 10

From generation to generation
From Generation to Generation

The Inga Johnson Story. . .

and a $750,000 investment in Fergus Falls’ Future

www.mcf.org/endowmn 9

Keeping wealth in minnesota communities
Keeping Wealth in Minnesota Communities

Shifting Demographics

www.mcf.org/endowmn 11

An opportunity for minnesota communities
An Opportunity for Minnesota Communities

Build Communities

Permanent Assets for Minnesota Communities

Create Jobs

www.mcf.org/endowmn 15

Endow minnesota a tax credit for minnesota s future
Endow Minnesota:A Tax Credit for Minnesota’s Future

  • 25% tax credit

  • Gifts to permanent endowments

  • Build local assets / community foundations

  • A tax credit with purpose

Minnesota Legislature HF1860 and SF1652

www.mcf.org/endowmn 12

Building endowments for changing communities
Building Endowments for Changing Communities

Community Assets

$120 Million a Year in New Grants

www.mcf.org/endowmn 13

An idea that works
An Idea that Works

200% increase in giving to community foundations

www.mcf.org/endowmn 14

Ready to turn opportunity into reality
Ready to Turn Opportunity into Reality

Rep Anzelc- Balsam Township

Rep. Metsa – Virginia

Sen. Saxhaug – Grand Rapids

Rep. McNamar – Elbow Lake

Sen. Koenen – Clara City

Rep. Gruenhagen - Glencoe

Sen. Weber – Luverne

Rep. Gunther - Fairmont

Rep. Simonson – Duluth

Sen. Reinert – Duluth

Rep. Radinovich – Crosby

Rep. Hornstein – Mpls

Rep. Slocum – Richfield

Rep. Rosenthal – Edina

Rep. Erhardt – Edina

Sen. Metzen – S. St. Paul

Rep. Davids - Preston

www.mcf.org/endowmn 16

What you can do
What You Can Do

Raise awareness about Minnesota’s transfer of wealth opportunity

Meet with your state legislators

Endorse Endow Minnesota

Stay informed & guide

Connect with MCF and the Endow MN Task Force

www.mcf.org/endowmn 17

What will we do
What Will We Do

Visit www.mcf.org/endowmn for more information and resources.

Contact us for help:

Bob Tracy, MCF, Director

Government Relations & Public Policy



Endow Minnesota Task Force Co-chairs

Holly Sampson, Duluth Superior Area Community Foundation

Mary Ellis Peters, The Minneapolis Foundation

Kim Embretson, West Central Initiative

www.mcf.org/endowmn 18