Archive for Monday, May 12, 2008
Foundation eyes wealth transfer
Small donations from wills can have big impact, leaders say
May 12, 2008
Advertisement
With an estimated $25 billion expected to pass from one generation to the next during the next 50 years in Douglas County, a leading charitable foundation is urging those with the money to consider leaving some behind for a growing list of community needs.
Douglas County Community Foundation is asking county residents to consider committing 5 percent of their net worth — through their estates, 401(k)s, IRAs and life insurance policies — to the foundation upon their death.
During the next 12 years, such giving would be expected to boost the foundation’s accounts by $100 million, said Chip Blaser, the foundation’s executive director, citing data from a study commissioned by the Kansas Association of Community Foundations and conducted by professors at Wichita State University.
Such money, Blaser said, would help the foundation give grants to assist social service agencies, arts programs, health-improvement efforts and other community-minded endeavors and projects for generations to come.
“This is certainly something that could be considered by almost everyone — giving 5 percent after your death,” Blaser said. “You won’t be using it, and you’re giving back to the community where you’ve lived and prospered. That’s the consideration we want people to have.”
The foundation, founded in 2000 with a nearly $3 million gift from community benefactor Tensie Oldfather, today manages assets of $13 million. It is overseen by an 11-member board of directors.
Mike Davis, who has been a board member since the beginning and now serves as chairman, said the study’s substantial projections showed that a relatively little bit of help from a lot of people could go a long way.
“Nobody has to be heroic,” said Davis, a Kansas University law professor and of counsel for Stinson Morrison Hecker in Kansas City, Mo. “We can all just do a relatively small part and have an enormous impact.”
The foundation contributes to a wide variety of community efforts, organizations and projects. Among those receiving grants this year:
• Endowments of 20 community organizations, including the Ballard Center, Health Care Access, Lawrence Children’s Choir and Douglas County Senior Services.
• Specific projects and operational needs, such as $10,000 to repaint equipment at the Ryan Gray Playground for All Children at Hillcrest School; $1,952 for fire-safety equipment at O’Connell Youth Ranch; $1,016 for the Cultural Saturdays summer arts program at Centro Hispano Resource Center; and $4,500 for installing energy-efficient furnaces for low-income tenants through Accessible Residential Options; and $3,500 for a maternity delivery light at Lawrence Memorial Hospital.
For more information about the foundation or how to proceed in making a donation, visit www.dccfoundation.org or contact Blaser at 843-8727 or chipblaser@dccfoundation.org.
Top ads RSS
- Administrative Associate School of Business Required Qualifications: High School diploma ...
- Employment Opportunities Want to work 4 days per week? Want ...
- • Full Time, Long Term • Call Center • No ...
- LPN's Come Join our Caring and Dedicated Team of Professionals: ...
- LEAD REPORTER The World Company seeks a Lead Reporter to ...
Marketplace
Arts & Entertainment · Bars · Theatres · Restaurants · Coffeehouses · Libraries · Antiques · Services
- Motorists, cyclists share responsibility July 6, 2008 · 11 comments
- Suspect in KU student's death commits suicide while in New Jersey police custody July 5, 2008 · 74 comments
- Body found on train tracks July 5, 2008 · 58 comments
- Suspect in killing commits suicide July 5, 2008 · 5 comments
- KU team to test biodiesel July 6, 2008 · 2 comments
- Former GOP Sen. Helms dies at 86 July 5, 2008 · 28 comments
- Trading for fuel-efficient car may not save you money July 6, 2008 · 4 comments
- One of two murder charges dropped against Del. Street shooting suspect July 2, 2008 · 34 comments
- How does God view the killing of animals? July 5, 2008 · 24 comments
- Area bicyclists confused by deadly accident June 30, 2008 · 263 comments
- Self provides plenty of leverage on recruiting trail July 6, 2008
- Suspect in KU student's death commits suicide while in New Jersey police custody July 5, 2008
- Big Dub returns July 5, 2008
- KU team to test biodiesel July 6, 2008
- Mackey's life brimmed with friends, family July 5, 2008
- Overcoming obstacles July 6, 2008
- Power play: Kansas companies compete to upgrade electric power grid July 6, 2008
- How does God view the killing of animals? July 5, 2008
- Beasley’s sternum cracked July 5, 2008
- Anatomy of an autopsy: Real forensic work nothing like TV shows July 23, 2006


12 May 2008 at 6:24 a.m.
Suggest removal
Permalink
toe (Anonymous) says…
If you don't give them the money, they will take it.
12 May 2008 at 7:27 a.m.
Suggest removal
Permalink
hawkperchedatriverfront (Anonymous) says…
Toe is correct. They won't be happy with a gift of $100. Did you notice, they want 5% of your net worth. Never happy they are!
12 May 2008 at 10:37 a.m.
Suggest removal
Permalink
jumpin_catfish (Anonymous) says…
No, because I won't be living here until my death unless something happens I'm not planning for in my future not that giving a portion of your estate to any charible organization is a bad thing.
12 May 2008 at 3:31 p.m.
Suggest removal
Permalink
newsreader (Anonymous) says…
I would consider it if the organization would let me look at 100% of their books… how much are they paying that 11 member board? what are the salaries of other directors?