Baby boomer wealth is transferring to the next generation… how can our community benefit? Minnesotans’ current net worth totals $2.19 trillion. During the next 10 years, $61 billion of that total will change hands as baby boomers sell homes and farms and pass their wealth to the next generation. Research shows that communities can put these assets to work — promoting economic vitality and community prosperity by attracting voluntary philanthropic gifts from this wealth transfer.
Introduction to Inter-Generational Transfer of Wealth
- April 22, 2025 3:30 pm - 5:00 pm
- 3:30 pm - 5:00 pm
- Shared Spaces at Emy Frentz
Introduction to Inter-Generational Transfer of Wealth
Baby boomer wealth is transferring to the next generation… how can our community benefit?
Minnesotans’ current net worth totals $2.19 trillion. During the next 10 years, $61 billion of that total will change hands as baby boomers sell homes and farms and pass their wealth to the next generation. Research shows that communities can put these assets to work — promoting economic vitality and community prosperity by attracting voluntary philanthropic gifts from this wealth transfer.
During this fast-paced and engaging presentation, you’ll:
- Learn about our community’s wealth through data maps and county summaries
- Engage in a community conversation about planning for a generation’s legacy
- Plan for partnerships that reduce barriers to giving
Who should attend? Financial advisors, regional development groups, health care organizations, end-of-life care groups, foundations, development commissions, donors, fund holders, and city/county/community stakeholders.
RSVP: There is no charge for this event, but registration is requested.
Questions? Contact Ashley Eimer, Vice President of Philanthropy at the Mankato Area Foundation at [email protected] or give us a call, 507-389-4583.
Thank you to our event sponsor, Fredrikson!
About the Presenters:
Ben Winchester, Rural Sociologist of University of Minnesota Extension
Ben has been working both in and for small towns across the Midwest for over 25 years. He lives in St. Cloud, Minnesota with his wife and two children. Ben is trained as a Rural Sociologist and works for the University of Minnesota Extension. His conducts applied research on economic, social, and demographic topics surrounding a theme of “rewriting the rural narrative”. He received the international Rural Renewal Research Prize in 2021 for this work. Winchester received his B.A. in Mathematics and Statistics from the University of Minnesota, Morris (1995) and M.S. in Rural Sociology from the University of Missouri, Columbia (2001). He was a founding employee at the Center for Small Towns, an outreach program at the University of Minnesota, Morris and specializes in community development, demographic analysis, data visualization, and moving communities away from anecdata.
Aiden Optaz, Community Economics Education, University of Minnesota Extension
As a part of his role as an Economics Educator role, Aiden assists with Economic Impact Analysis and Inter-Generational Transfer of Wealth work. Aiden received a Master’s Degree in Applied Economics from the University of Minnesota and a BA in Economics from Luther College. He specializes in human migration forecasting as well as generational transfer of wealth modeling. In his free time, he enjoys watching the Minnesota United soccer team.