1. 1. May 2015 Using Rural Development Philanthropy to Build and Sustain Nebraskas Hometowns
2. 2. Community Development Strong, progressive communities can only be built and sustained by the people who live and work there. Anyone coming to town to help should do that and only that. Help.
3. 3. Nebraska is blessed with Abundance In Nebraska, everything we need is right where we are In Nebraska, everything and everyone works
4. 4. 20th Century Economy Labor Capital Land
5. 5. 21st Century Economy Ideas Capital Talent
6. 6. 21st Century Community Development Build, grow and sustain hometowns that are magnetic hometowns that are attracting stayers, returners and newcomers to be in community with us.
7. 7. Community Development Math Collective Vision + Distributed Leadership + Discretionary Capital + Citizen Engagement _________________________________________________ Magnetic Hometowns
8. 8. Our Theory of Change Abundance; not scarcity Local control; local responsibility Empower local leaders with skills and confidence Build endowments to support core mission Add value to local efforts Convene & build partnerships Belief in power of Hometown
9. 9. NCF Summary December 31, 2014 First affiliated funds established in 1994 223 affiliated funds serve 254 communities 1,768 Affiliated Fund Leaders Total Assets = $100 million 286 planned gifts totaling $52 million 35,728 contributions in last 5 years $126 million reinvested in last 5 years
10. 10. 2011 Transfer of Wealth Study New Census data Growth in ag economy Impacts of the recession Improved methodology
11. 11. 2011 Transfer of Wealth Study $603 billion will transfer in Nebraska in the next 50 years Nebraskas 2011 estimates represent an 84% increase over original findings 51 of 93 Nebraska counties are experiencing their peak years of transfer now or in the next 10 years
12. 12. County-Based Transfer of Wealth 16
13. 13. Transfer of Wealth: A Unique Opportunity To build philanthropy and endowments To prove that capital is not the limiting resource to community development Achieve sustainability (by using Asset-Based Community Development) To break out of a cycle of dependency
14. 14. The Message Once our wealth leaves the community it is gone forever. Once our wealth is endowed in our community it is here forever. The time to act is now the opportunity will never be greater!
15. 15. Brown County Community Foundation Fund Population = 3,145 Fund Established 1995 Total Assets = $853,419 Endowed Assets = $710,986 5 Confirmed Expectancies = $1,460,000
16. 16. Brown County Community Foundation Fund Highlights Unrestricted endowment of $545,000; will be $1.2 million at conclusion of current campaign Impact grantmaking to support youth engagement, enhanced school curriculum, fire and rescue units Awareness building for value and importance of community endowments Spun off successful hospital foundation affiliated fund
17. 17. Shickley Community Foundation Fund Population = 341 Fund Established 2001 Total Assets = $1,660,986 Endowed Assets = $1,660,976 14 Confirmed Expectancies = $1,968,116
18. 18. Shickley Community Foundation Fund Highlights Current endowment + expectancies exceeds 5% of communitys 10-year transfer of wealth Impact grantmaking to support entrepreneurship, youth engagement, pre-K child development, enhanced school curriculum 60% of all families in school district are donors Goal of $12 million by 2030
19. 19. McCook Community Foundation Fund Population = 7,698 Fund Established 2001 Total Assets = $3,030,468 Endowed Assets = $2,863,057 10 Confirmed Expectancies = $2,263,450
20. 20. McCook Community Foundation Fund Highlights 31 accounts; purposes including K-12 education, health care, youth engagement, elder care, human services, scholarships Unrestricted endowments total $1.9 million Engaging youth in community building FAC implementing highly successful distributed leadership model
21. 21. Holt County (population 10,435) Stuart Atkinson ONeill Ewing Amelia Chambers Inman Page Emmet
22. 22. Holt County Success Story County-wide public-private partnership for economic development (3 FTE) $5 million endowed + 20 confirmed planned gifts 29 new businesses, 18 business expansions and 10 business transitions have created/retained 239 jobs 130 graduates of leadership class 120 new families
23. 23. And most importantly! Were not giving our kids luggage for graduation anymore! Maureen Wenke, Pender