1. Intergenerational Transfer of Wealth in Montana
Rae Lynn Hays, project director
Connections:
30 sec. To write one thing you know about Intergenerational Transfer of Wealth and one thing you would like to know.
Break into groups of three. You have 1.5 min to say your name and share what is on your card. Your group should select the most common answer, or pick one to represent your group. Share with the whole group.

2. Objectives Review of RCDI Program
What is the Intergenerational Transfer of Wealth and how does it impact our rural communities
Implementation Strategies

3. RCDI Program Objectives
$150,000 – 3-year grant from USDA, matched by MSU Extension and Montana Community Foundation
Train the Trainer Program for 20 Extension Agents
Delivery methods: statewide events, webinars, regional meetings
Training LCF with $1,000 incentive

4. RCDI Outcomes Increase endowments Develop leadership skills
Capture Transfer of Wealth opportunities
Secure assets to sustain local communities
Develop leadership skills
Increase rural engagement
Prioritize community needs
Strengthen Relationships

5. State of Giving 83% of American give to charity while they are alive
Only 4-6% give to charity through a bequest (when they no longer need it)

6. $ Transfer of Wealth Process
One generation transfers assets to the next generation
Typically ocurs at time of death
Potenial of legacy giving is the greatest
Larges under-deveoped financial resource available to communities $

7. Montana’s Transfer of Wealth Opportunity
Originally conducted in 2006 by the Center for Rural Entrepreneurship. Re-evaluated in These findings present very important impacts for Montana and its changing future.

8. Transfer of Wealth Population Trends Assets in Montana TOW Trends
Largest ingenerational transfer of wealth is occuring right now
Babyboomers
Heirs in Montana
Assets in Montana
Historic wealth
Agricultural land
Real estate
TOW Trends
Varying across the nation/state
Capture or escape route

9. Montana Population 1970 – 2011 increased nearly 40 percent?
What made the difference? Not natural growth from historic resident population. New new in-migration
Changed Montana’s Wealth. Updated the study.

10. Montana Regional Populations

11. Feeding the Population
Entrepreneurial Trends also increasing

12. Montana TOW

13. County Comparisons

14. Intergenerational Transfer of Wealth
Largest transfer occuring now
$12 billion over 10 years
5 percent = $619 million in endowments
5 percent = $31 million in annual grants
Goal – keep assets in Montana
2011 TOW study
Msucommunitydevelopment/rcdi.org
Mtcf.org

15. HILL COUNTY: 10-year TOW= 5%= Annual grant making=
TOW Example
HILL COUNTY: 10-year TOW= 5%= Annual grant making=
Partner up to view

16. Transfer of Wealth Video
DVD
You Tube

17. TOW Event Ideas Press Releases Planned Gifts
Annuities, charitable trusts, estate gifts (will, retained life estate)
Gifts of grain or livestock

18. Montana Endowment Tax Credit
Donors pay less in state income taxes
40% of gift’s federal charitable deduction, up to $10,000/yr/individual
20% of direct gift by a qualified business up to $10,000 per year

19. Next Steps