New Study Projects Massive Wealth Transfer in Kern County, Future Impact on Local Charities
Over the next 50 years, the residents of Kern County will transfer billions of dollars to the next generation. This Transfer of Wealth (TOW) - the process whereby one generation transfers their assets to the next - represents the single largest under-developed financial resource available to Kern communities to support their development. The findings presented in the report Transfer of Wealth in Kern County demonstrate an unprecedented opportunity for Kern County residents to create a charitable legacy that can make this community a better place to live, to work and to visit now and forever.
Download a copy of the report here:
The Kern Transfer of Wealth Study is sponsored exclusively with local funding from Valley Republic Bank. Publication of the report Transfer of Wealth in Kern County is made possible, in part, by a grant from The James Irvine Foundation.
Data collection, analysis and authoring of the technical report is the work of the RUPRI Center for Rural Entrepreneurship. Don Macke served as Project Director and Ahmet Binerer served as Research Analyst. More information about RUPRI can be found at www.energizingentrepreneurs.org.