In Hardin County, on average, approximately $280,837 is transferred per estate with approximately 185 probated estates annually.
If 5% of Iowa wealth was gifted in Hardin County, it would account for $2 million. It would only take, on average, 7 estates per year to equal the 5% wealth transfer.
If we could put $1 million of the projected $2 million in wealth transfer into an endowment fund, we would generate approximately $50,000 (based off 5% distribution of earnings) that could be put back into communities throughout Hardin County to enhance arts and culture, community development and entrepreneurship, education and youth, environment and historic preservation and/or health and human services.
Endowed funds last forever and grow over time because the principal is never spent. Earnings are used to make grants in the name of each fund, supporting charitable causes and creating personal legacies of giving throughout Hardin County.