In 50 years, $972
billion is expected to pass from one generation to
the next in Michigan. In just 10 years, $140.6
billion will have transferred.
National research projects a $53 trillion transfer
of wealth across the United States. But while the
average transfer nationwide will peak after 50
years, wealth transfer in many Michigan counties
will crest in twenty to thirty years. In Washtenaw
County, the greatest wealth transfer will likely
happen between 2020 and 2035--and it has already
begun.
Much of this wealth is currently invested in family
homes and farms, retirement accounts and other
appreciated assets - some of which may be heavily
taxed if given to heirs.
A one-time opportunity to create permanent
benefits for Washtenaw County
In the next 10 years, $5.25 billion in personal and
family wealth will transfer from one generation to
the next. If only 5% of local wealth was earmarked
for charitable endowment, the resulting $263 million
fund would generate millions every year for
community projects and priorities in Washtenaw-
forever.
The Ann Arbor Area Community Foundation invites you
to secure our future by making a legacy gift to the
Community Foundation's general Unrestricted
endowment or a broad Field of Interest- endowments
dedicated to improving quality of life in Washtenaw
County.
When you give through the Ann Arbor Area Community
Foundation, we can establish a fund in your family
name, in the name of a loved one, or the name of a
cause that's important to you. Endowed funds last
forever and grow over time because the principal is
never spent. Earnings are used to make grants in the
name of your fund - creating a legacy of giving in
Washtenaw County. Learn more about endowment.
Ways to give
If you are retired, a planned gift from your estate
may be more attractive to you and your family than a
large gift today. You can leave a permanent legacy
of giving, be a source of pride to your family and
join others like you - building a stronger
community.
Three easy ways to make a planned gift to your
Community Foundation include:
- Designate the Ann Arbor Area Community
Foundation as the beneficiary of your IRA, 401(k) or
other retirement account
These assets can lose up to 70% of their value when
passed to heirs; changing the beneficiary
designation does not involve modifying your estate
plan.
-
Designate the Ann Arbor Area Community
Foundation as the beneficiary of a life insurance
policy
There is no need to modify your estate plan.
- Ask your attorney to add the Ann Arbor
Area Community Foundation to your estate plan
Please talk with your professional advisor and AAACF
to learn about all of your giving options and choose
the one that's right for you and your community. For
more information, contact us at 734-663-0401 or by
email at info.aaacf.org. |
AAACF
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