PIERCE COMMUNITY FOUNDATION INC The Pierce Community Foundation was

PIERCE COMMUNITY FOUNDATION, INC. The Pierce Community Foundation was established to provide financial support to various areas within the community . . . education, civic, youth, and senior citizens. Year Formed 1986 GARRY REEKER, President 326 N. Second St. • Pierce, NE 68767 (402) 329-6680 501c3 Reinvest in Pierce Today! Pierce County, Nebrask a Wealth Transfer PIERCE COUNTY WEALTH TRANSFER Over the first half of the 21st century, Pierce County will experience $1.1 billion in wealth transfer from the current to the next generation ( roughly $22 million annually on average). The chart on the flip side of this information sheet illustrates our best estimate of the timing of this wealth transfer. Because of the loss of local heirs, inadequate estate planning, and the greater probability of giving to outside versus local charities - much of this wealth will permanently leave the County. Name: ______________________________________________ Address: ____________________________________________ City: _________________________________ State: _________ ZipCode: ___________________________________________ Phone: ______________________________________________ Email: ______________________________________________ PIERCE LIBRARY FOUNDATION The Pierce Library Foundation was established as a means of raising funds for the construction of and maintenance of the Lied Pierce Public Library. Year Formed 1997 JACQUE COLLISON, President 207 W. Court • P.O. Box 39 Pierce, NE 68767 (402) 329-6324 501c3 Email: pplib@ptcnet.net PIERCE CARNEGIE LIBRARY FOUNDATION The Pierce Carnegie Library Foundation is committed to restoring the Pierce Carnegie Library building to create a landmark to foster appreciation of our past and enrich our community with its continued uses. Year Formed 2002 DR. TODD WRAGGE, President 102 E. Main St. • Pierce, NE 68767 (402) 329-4552 501c3 www.piercenebraska.com/carnegie Email: carnegie@ptcnet.net YES, I WANT TO HELP! I would like to give to the: _________________________ ____________________________________________________ in the amount of: ___________________________________ I would like to give my gift in memory of: ____________________________________________________ PIERCE EDUCATIONAL FOUNDATION The Pierce Educational Foundation was formed to accept gifts to enhance the education, present and future, of the community’s children in the Pierce Public Schools. Year Formed 2004 DAN NAVRKAL, Board Member 201 N. Sunset St. • Pierce, NE 68767 (402) 329-4677 501c3 Email: pef@ptcnet.net IMPACT Over just the next five years (using annual averages), an estimated $109.9 million will transfer. If just five percent were gifted to locally, an endowment(s) of $5.5 million could be built. Assuming a conservative 5% annual payout (allowing the endowment to grow), $275,000 would be available each and every year for community betterment investments. I would like to contribute: ( ) monthly ( ) yearly Please have the designated Foundation contact me. ( ) yes ( ) no PIERCE YOUTH CORPORATION The Pierce Youth Corporation was formed to maintain the existing ball field facility in the Pierce City Park and to build a ball field complex on the north end of the Pierce Public School property. Year Formed 2004 WILLIAM FEHRINGER, President 505 N. First St. • Pierce, NE 68767 (402) 329-4959 America's Wealth Transfer: A Likely Scenario 12% 11% 10% Pierce County Estimated Wealth Transfer =$1.1 Billion United States Estimated Wealth Transfer =$41 Trillion Wealth Released 9% 8% 7% 6% 5% 4% 2000 2005 2010 2015 2020 2025 2030 2035 2040 2045 2050 Nebraska Estimated Wealth Transfer =$258 Billion This analysis was prepared by Don Macke with the Nebraska Community Foundation. The following sources of information were used to develop these estimates: Boston College wealth transfer analysis for the United States. The Nebraska SocioEconomic Model. Based on the IMPLAN Model for Nebraska. Nebraska County Population Projections, 1990-2020. UNL Bureau of Business Research, 2-99. Nebraska Department of Revenue Annual Report. Table 3 – County Property Tax Values. United States Nebraska Pierce Improving Our Community with a single goal . . Reinvesting in Pierce COMMUNITY FOUNDATIONS www.piercenebraska.com .