Linda ReedPresident/CEOMontana Community Foundation

Imagine

Montana’ sTransfer of Wealth

Montana’s Transfer of Wealth Opportunity

What do We Know?

• Montana is Aging

Natural Population Change

'45

'57

'73

'82

'99

'06'10

'25

'10

4,000

6,000

8,000

10,000

12,000

14,000

16,000

18,000

20,000

'45 '48 '51 '54 '57 '60 '63 '66 '69 '72 '75 '78 '81 '84 '87 '90 '93 '96 '99 '02 '05 '08 '11 '14 '17 '20 '23 '26 '29

Source: Actual (Montana Vital Statistics, 2011) and Projected (births, U.S. Census Bureau, March, '05; deaths: Swanson)

Annual Births in Montana - Actual (1945-2010) and Projected (2004-2030)

Actual Projected Deaths

What do We Know?

• Montana is Aging• The Work Force is Aging

What do We Know?

• Montana is aging• The Work Force is Aging • Population Growth is Depended on In-

Migration

Population Growth –Decade of 2000

108,579

-77,395

42,980

74,164

-100,000

-50,000

0

50,000

100,000

150,000

Births Deaths In-Migration Net Increase

Population Growth Decade of 2000

43000

31000

0

10000

20000

30000

40000

50000

60000

70000

80000

Decade of 2000

In-Migration Natural Growth

-2,000

-1,500

-1,000

-500

0

500

1,000

1,500

2,000

10 15 20 25 30 35 40 45 50 55 60 65 70 75

Age in 2010

Net MigrationMontana 2000 to 2010

Sources: U.S. Census and CDC 11

-2,000

-1,500

-1,000

-500

0

500

1,000

1,500

2,000

10 15 20 25 30 35 40 45 50 55 60 65 70 75

Age in 2010

Net MigrationWestern/Southern Montana 2000 to 2010

Sources: U.S. Census and CDC 13

-2,000

-1,500

-1,000

-500

0

500

1,000

1,500

2,000

10 15 20 25 30 35 40 45 50 55 60 65 70 75

Age in 2010

Net MigrationEastern/Northern Montana 2000 to 2010

18Sources: U.S. Census and CDC

What do We Know?

• Montana is aging• The Work Force is Aging • Population Growth is Depended on In-

Migration • Federal Money will Dry-Up

Custer County – Water SystemTreasure State Endowment Program (TSEP)

Community Development Block Grant (CDBG)Custer County (Applicant)

USDA Rural Development LoanUSDA Rural Development Grant

Project Total:

$750,000$450,000$114,000$288,000$388,000$1,990,000

Cost per month per user as funded:

Cost per month per userwith RD/CDBG at 75%:

Cost per month per userwith RD/CDBG at 0%:

Cost per month per userwith RD/CDBG at 50%:

$39.50 $44 $48 $71

What Does this Mean?

Amount $12 billion

If 5% endowed $619 million

Yearly Grants $31 million

10 Year Transfer

Custer County – Water SystemTreasure State Endowment Program (TSEP)

Community Development Block Grant (CDBG)Custer County (Applicant)

USDA Rural Development LoanUSDA Rural Development Grant

Project Total:

$750,000$450,000$114,000$288,000$388,000$1,990,000

Cost per month per user as funded:

Cost per month per userwith RD/CDBG at 75%:

Cost per month per userwith RD/CDBG at 0%:

Cost per month per userwith RD/CDBG at 50%:

$39.50 $44 $48 $71

Montana Community Foundations

Power of Locally Controlled Assets

• “A community-led approach that creates locally controlled assets and invests them to strengthen rural places. It builds a community’s ability to shape a better future and promote the well-being of all community members. It unites the tools of community, economic and resource development, engaging all people to come together with their ideas, strategies, talents, and giving.”

Source: Rural Development Philanthropy Collaborative

• Locally made wealth

• Left to the Local community

• Invested in Local project

• By Local community members