March 13, 2012

A Huge "Thank You" to Valley Republic Bank, The James Irvine Foundation

Kristen A. Beall, Ed.D.

Example of private label charitable giving card, available April 1, 2012

Last week, more than 150 philanthropists, professional advisors and representatives of local charities joined Kern Community Foundation for the release of "Transfer of Wealth in Kern County."

The Report: What if our community was able to capture just five percent of the wealth that will transfer over the next fifty years for the good of Kern County? Last week, Kern Community Foundation released the report "Transfer of Wealth in Kern County" in an effort to answer this question. The results are astounding. In the coming five decades there is $80 billion in Transfer of Wealth (TOW) giveback potential in Kern County. If just five percent of this local opportunity was captured into community endowments a total of $4 billion could be realized with the potential to generate $200 million annually in grantmaking for the good of Kern.

A Huge "Thank You":  "Transfer of Wealth in Kern County" is Kern Community Foundation's attempt to take the long view to find solutions that sustain our community's charitable organizations into the future.  We are extremely grateful for the support of Valley Repbulic Bank, the study's exclusive local sponsor, and to The James Irvine Foundation for helping to produce the report.

Putting Transfer of Wealth to Work:  The report included a tool-kit to help local donors, nonprofit leaders and rural communities do their part to make good on the coming Transfer of Wealth opportunity. Copies of the report and tool-kit are available by contacting the Foundation at 661.325.5346 or info@kernfoundation.org.

Coming Soon:  In an effort to continue to bring 21st century philanthropy solutions to our local community, the Foundation announced a new product - the charitable Giving Card - that will be available to the public on April 1, 2012.   Much like a retail gift card, a charitable Giving Card can be purchased with a charitable contribution and redeemed to benefit any 501(c)(3) in the United States. Private label Giving Cards, such as the example shown here recognizing Valley Republic Bank, will be available for purchase by local corporations. These will be great for employee recognition or to say "thank you" to a valued customer.

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