The power of giving together…
|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 Hillsdale County, the greatest wealth transfer will likely begin to occur in the year 2025.
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 Hillsdale County.
If only 5% of local wealth was earmarked for charitable endowment, the resulting $28.85 million fund would generate millions every year for community projects and priorities in Hillsdale County – forever.
The Hillsdale County Community Foundation invites you to secure our future by building the Hillsdale County Community Foundation Endowment Fund – an endowment dedicated to improving quality of life in Hillsdale County.
When you give through the Hillsdale County 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 Hillsdale County.
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 in building a stronger community.
Three easy ways to make a planned gift to your Community Legacy Fund include:
Designate the Hillsdale County 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 Hillsdale County 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 Hillsdale County Community Foundation to your estate plan.
Talk to us and your professional advisor to learn about all of your giving options and choose the one that’s right for you and your community.
Community Giving Program
The Hillsdale County Community Foundation is proud to sponsor this community giving program, designed to benefit nonprofit agencies in Hillsdale County. The goal of “Give Where You Live” is to meet the needs of our area nonprofits and offer local residents a financially secure and convenient means to contribute to the causes you care about most.
The goal of Give Where You Live is to provide support for local agencies by receiving and administering funds designated specifically for local nonprofits and their programs. HCCF has the infrastructure and experience to allow for several giving options for donors. Contributors can choose to utilize payroll deduction through an employer, pledges, and one-time donations to support any of several designated local agencies.
Designated contributions for local organizations will be distributed directly to the agencies on a quarterly basis, to ensure that donations can be put to use in a timely manner and when needed most. The Foundation is also offering donors the option of contributing to an unmet community needs fund and also to an unrestricted fund, which will aid agencies through an application and allocation process.
- For information about how to contribute, please click here.