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"We are seeing the largest transfer of wealth in the history of the world," says Keven Dietrich, director of donor relations for the Willmar Area Community Foundation. "And that is happening right here as well."
That's because more than 2,000 farmers in Minnesota's Kandiyohi County will be retiring over the next few years, leaving behind an estimated $7.5 million worth of farm assets, reports the West Central Tribune.
The foundation, a charitable nonprofit that grants money to various community causes, wants to help farmers prepare legacy plans that include the community in which they lived and worked for decades.
"As people with charitable mindsets pass, it will be harder and harder for local nonprofits to make ends meet if people aren't thinking strategically about lasting legacy gifts," says Sara Carlson, executive director of the foundation.
The foundation is working with farmers and their financial teams to come up with a plan, and it's already worked with one farmer who wanted to sell his combine and donate the proceeds to a donor-advised fund.
Another option is to donate land, notes Carlson.
"It is just like a cash gift, actually, and it is something that is real value to our producers that they can use," she says.
Selected Grant News Headlines
A customized collection of grant news from foundations and the federal government from around the Web.
People of color make up about 20% of Spokane County, Wash., but they own about 8% of the county's businesses, reports the Spokesman-Review. That's why the Spokane Workforce Council is...more
The New Brunswick Teachers Association is asking teachers and voters in the Canadian province to take a survey ahead of the next provincial election in September, the CBC reports. "We've seen a...more
The Oklahoma Arts Council has released its annual list of grant requests, and it's a doozy. This year's list includes a call for artists to "bring the arts to other statewide organizations," as...more
"I don't think many people know about our local ecosystems or recognize how important they are to keeping our beaches beautiful, keeping tourists here, and keeping our water as sparkling clean as it...more
A community college in Muskegon, Mich., is offering a full ride for any student willing to take a year of classes there, the Muskegon Chronicle reports. Muskegon Community College is offering a...more
When Collidescope.io co-founder and CEO Nick Lynch was looking for a new job last year, he came across an ad for a job that seemed like a no-brainer. "I am a software engineer," he wrote. "I...more
Foundation: Community Foundation of Sarasota County
There are nearly 750 nonprofit organizations in Sarasota, Manatee, Charlotte, and DeSoto counties in Florida, providing everything from health and youth services to education and the arts, per a new...more
When it comes to giving back to their communities, employees of companies are doing more than just putting money in their paychecksthey're giving their time and energy. In fact, more than 27...more
Foundation: Daniels Fund, Colorado Trust, Denver Foundation
The new CEO of the Prosperity Denver Fund says she's "thrilled to join the team at Prosperity Denver Fund, in service to the vision of Denver's taxpayers and their investment in the future of our...more
When the Providence Performing Arts Center was looking for a new artistic director earlier this year, it was looking for someone who would be willing to take on the role of artistic director of its...more
Civic Engagement News from...
Community Foundation of Sarasota County
Daniels Fund
Colorado Trust
Denver Foundation
Gulf Coast Community Foundation
Community Foundation of Greater Fort Wayne
Community Foundation for Southeast Michigan
San Diego Foundation
Oklahoma City Community Foundation
Arkansas Community Foundation
Social Entrepreneurship
Spotlight
Halcyon Incubator Selects Inaugural Class of Fellows
Washington, D.C. based incubator for social entrepreneurs, Halcyon Incubator, has selected seven ventures to move into the newly renovated Halcyon House in September for its inaugural class of fellows.
