Realizing Maine’s Wealth Report
It’s Just 5%
Over the next ten years, Mainers are likely to transfer $29 billion to the next generation. If all Mainers choose to invest 5% of their estates in community endowment funds, and if those funds’ investments generated 5% returns to benefit the community, then by 2020 these funds would supply an additional $74 million every year to achieve community economic development priorities.
That’s a big difference for just 5%. And it’s a substantial legacy that we could easily provide for the people that will inherit the communities we call home.
In an era when Maine’s government and non-profits are struggling to make ends meet, we find ourselves with a feasible and compelling investment opportunity. But we must begin today if we are to realize this great potential.
What is your community worth?
Read more: download a PDF of the full 36-page report!
Pilot Communities and Local Fundraising
Maine Rural Partners has been working with pilot communities in Strong, Rockport, and the Unity region to create local endowment funds inspired by the conclusions of Realizing Maine’s Worth.
Later this year, MRP will publish a Community Legacy Tool Kit that consolidates the lessons learned by these three pilot communities. This Tool Kit will guide other Maine communities who choose to capitalize on this tremendous opportunity.
When you subscribe to our Harness the Wealth e-mail newsletter, we’ll keep you informed about our progress in these three pilot communities and developing the Tool Kit resources.
- E-mail firstname.lastname@example.org to join the resource team: financial and legal advisors are particularly needed
- Sign up for our new Harness the Wealth e-mail newsletter to track our progress
Thanks to our sponsors!
Contributions from the following sponsors enabled the publication of Realizing Maine’s Worth: