Transfer Of Wealth Study

Securing Our Future through the Transfer of Wealth

The power of giving together.

In 50 years, $1.35 trillion is expected to pass from one generation to the next in Illinois. In just 10 years, $182.3 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 Illinois counties will crest in twenty to thirty years. In southern Illinois, the greatest wealth transfer will likely happen between 2025 and 2035.

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 southern Illinois

If only 5% of local wealth was earmarked for charitable endowment, the resulting $227.4 fund would generate millions every year for community projects and priorities in southern Illinois FOREVER. Southern Illinois Community Foundation invites you to secure our future by building the Community Legacy Fund an endowment dedicated to improving quality of life in beautiful southern Illinois. When you give through the Southern Illinois 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 your hometown. Learn more about endowments.

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 Legacy Fund include: 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 Legacy Fund include:

  • Designate your local 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 your local 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 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.

Southern Illinois Community Foundation
3000 W. DeYoung St., Suite 800B
Marion, IL 62959

Phone : 618.997.3700
Email: info@sicf.org

SICF

© Southern Illinois Community Foundation