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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 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
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 Shifting Demographics www.mcf.org/endowmn 11
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 • 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 Community Assets $120 Million a Year in New Grants www.mcf.org/endowmn 13
An Idea that Works 200% increase in giving to community foundations www.mcf.org/endowmn 14
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 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 Visit www.mcf.org/endowmn for more information and resources. Contact us for help: Bob Tracy, MCF, Director Government Relations & Public Policy btracy@mcf.org 612.465.0719 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