The Wichita State University Center for Economic Development and Business Research projects $466.7 billion in net worth will change hands in Kansas from 2023 through 2032. Once generational wealth leaves a community, it is less likely to return and help meet local needs. You can help secure your community’s future by retaining 5% of your estate to support local needs.
Over the last 25 years, the Community Foundation of Southeast Kansas has helped in that mission by keeping dollars local and supporting our hometown communities by granting out over $28 million to local organizations. Keeping these funds in our local communities is the mission of Keep 5 in Kansas and Community Foundations across the state.
How can community foundations help?
Community foundations help donors make a lasting impact in fostering community wellbeing and sustainability. Kansas has 116 community foundations across the state that currently manage more than $1.7 billion in assets and have in-depth knowledge of specific local challenges.
The impact this can make in our area:
- Can provide permanent sources of funding, or endowments, to help support future generations
- Local giving directly benefits your community
- Philanthropy is not just for the super wealthy. Everyone can make a difference especially at the local level.
You can discover more about the Impact of Wealth Transfer with potential figures from our area.
To learn more about how you can Keep 5 in Kansas through the Community Foundation of Southeast Kansas, please email info@southeastkansas.org or call our office at 620-231-8897. Professional Advisors can reach out to Will Norton for more information.