Edelman, Mark; Burke, Sandra Charvat

Rural Research Report Vol. 18 no. 9 (Winter 2008)

Many community leaders are interested in exploring strategies for attracting intergenerational wealth transfer and philanthropy initiatives that channel reinvestment into community foundations, endowments, and other philanthropic mechanisms for sustaining assets critical for community vitality. Do successful models for doing so exist? If so, can they be replicated? This report examines key concepts, best practices, and steps that can help motivate community leaders and enhance community vitality.

JEL Classification: L30

Keywords: community foundations, endowments, estate planning, philanthropy, wealth transfer