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Experts at City Club urge capturing transfer of wealth to bolster Montana nonprofits
Summary
At a City Club of Missoula forum, leaders from Montana Community Foundation and Missoula Community Foundation said an estimated $37 billion will transfer by 2030 and argued that capturing a small share for endowments could create lasting funding for local nonprofits; speakers also discussed tax credits, payouts and impact investing.
MISSOULA — Leaders from Montana's community foundations told a City Club audience on May 13 that an ongoing "transfer of wealth" presents a major funding opportunity for nonprofits across the state.
"An estimated $37,000,000,000 is transferring from one generation to the next by 2030," said Ally Fontenot, gifts and estate planning director at the Montana Community Foundation, who said capturing about 5% of that could generate roughly $1.85 billion in endowed assets that would support nonprofits in perpetuity. "If we endowed that, that would allow $83,000,000 every year to be invested back into our state for the nonprofits, the causes that we all care about," she said.
The Montana Community Foundation, Fontenot said, advises…
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