Keep 5 In Mitchell County

ONGOING

It is estimated that between 2021-2070 more than $2.2 billion in wealth will be passed from one generation to the next in Mitchell County alone. Keep 5 in Mitchell County is an idea based on a larger statewide effort to capture just 5% of the estimated transfer of wealth. By setting up endowments through local vehicles, such as SVCF, we can provide our communities with a permanent source of funding that will greatly impact the lives of those who call Mitchell County home.

GENERATIONAL IMPACT

By capturing just 5% of the wealth transfer, we can create a lasting financial resource that will benefit Mitchell County for generations. Estate gifts and endowments ensure that local causes, schools, and organizations continue to thrive well into the future.

COMMUNITY INVESTMENT

Keeping even a small percentage of wealth local strengthens the entire community. These funds provide long-term support for education, healthcare, economic development, and other initiatives that enhance the quality of life in Mitchell County.

LEGACY GIVING

Keep 5 in Mitchell County empowers individuals and families to leave a meaningful legacy. Whether through estate planning or endowed funds, donors can support the causes they care about while ensuring their generosity continues to make a difference.

STABILITY & GROWTH

A strong, locally managed endowment provides stability in uncertain times and offers a dependable funding source for future needs. By reinvesting in our own communities, we create a foundation for sustainable growth and prosperity across Mitchell County.

A Gift That Keeps on Giving

THE POWER OF ESTATE GIFTS

When it comes to planning for the future, many individuals contemplate how they can leave a lasting impact on their community. While the scope of opportunities may seem vast and overwhelming, one option that stands out is leaving an estate gift to the community foundation. Community Foundations can serve as a powerful and effective vehicle, offering individuals the opportunity to make a significant and enduring impact on their community, long after they are gone.

Estate gifts in particular have a unique ability to transform the lives of countless individuals, support vital community initiatives, and cultivate a legacy that reflects one's values and passions. By leaving a portion of your estate to the community foundation, you can ensure that your hard-earned assets are utilized to support critical programs and organizations that address the ever-evolving needs of your community.

Whether you are considering your own estate planning or honoring the charitable wishes of a loved one, understanding the transformative power of estate gifts is important.

SVCF partners with John Griffin, an expert in philanthropy-based estate planning, to provide services free of charge. The draft plan can be given to your attorney to formalize and will provide you with a comprehensive guide in designing an outline that minimizes income, gift, estate, and inheritance taxes ensuring a smooth business, farm, and asset transition.

For more information or to get started contact SVCF Executive Director, Julia Rabe.

GET STARTED

Fun Fact

BUDDY LEAVES A LEGACY

In 2016, the communities of Simpson & Glasco received word that lifetime resident, neighbor, and friend, James "Buddy" Louthan, made a generous gift that would forever impact their communities. Today, two funds, one for each community are named in memory of Buddy and his parents.

Since 2016 Buddy's gift has allowed for nearly $366,665 in grants. In the next 25 years, it is projected to make cumulative grants of more than $1.8M. And in the next 50 years, $4.6M.

Fun Fact

BUDDY LEAVES A LEGACY

Since 2016 Buddy's gift has allowed for nearly $366,665 in grants. In the next 25 years, it is projected to make cumulative grants of more than $1.8M. And in the next 50 years, $4.6M

Legacy Society

By preserving the values, ideals, and accomplishments of those who came before, a legacy society ensures that one's contributions continue to shape the future. It embodies the notion that our actions today ripple through time.

For that reason, in 2023, Solomon Valley Community Foundation established a Legacy Society to honor those individuals who have given $10,000 or more to an endowed fund while still living or made a commitment at the end of life to ensure our community will continue to thrive.