Connections Summer 2009
www.nebcommfound.org
NCF President and CEO Addresses Congress
A LOOK INSIDE...
NCF was one of five organizations invited to testify in March on innovative approaches to rural development before a sub-committee of the U.S. House of Representatives Committee on Agriculture. Here are excerpts of NCF President and CEO Jeff Yost’s testimony. Chairman McIntyre and Members of the Subcommittee, my Jeff Yost explains how NCF is using philanthropy as a tool for rural development in his testimony before Congress in March. name is Jeff Yost. I am President and CEO of the We estimate that $94 billion will transfer in rural Nebraska Community Foundation. Nebraska alone; about $125,000 per person. More The Nebraska Community Foundation is a important is the timing: Because of our aging community development institution that uses population, most rural counties are experiencing philanthropy as a tool; we are not a charity. We their peak years of transfer now or in the next are a decentralized system of 200 affiliated funds three decades. If out-migration continues, most located in 71 of Nebraska’s 93 counties. of that wealth will pass to heirs who no longer live where the wealth was built. I get many requests from people across the nation who want to learn about the innovative nature Our goal is ambitious. We ask our affiliated of our work. Actually, what we are doing is fund leaders to build permanent unrestricted overlaying a framework—one that has been used community endowments equal to five percent of in countless urban neighborhoods—in our rural the projected 10-year transfer of wealth for their environment. It’s a bottoms-up approach that community. We coach these community leaders builds on community strengths by identifying local to send out a clear message to their family and assets rather than focusing on deficiencies. friends, “When you plan for the future, consider your hometown as another child!” In struggling rural communities, local assets can be hard to find. Now in rural Nebraska, you don’t talk about how many acres somebody owns or how many cattle For decades, consolidation has destroyed the they have. So the thought of speaking directly to a diversity of our rural economy. Out-migration of potential benefactor about leaving a legacy gift is middle-class youth has crippled communities and beyond imagination for most of our new affiliated shrunk the local tax base. The result is fewer career fund leaders. opportunities and severe underemployment. But they are learning. Despite these trends, NCF has identified an enormous asset that our rural communities Today 88 community-based funds have raised can build on. In land-rich, cash-poor Nebraska, $38 million in endowed assets and planned gifts, that asset is the transfer of wealth. In 2002 we most of it in the past five years. Over 2,000 local completed a county by county analysis of how residents are leading these affiliated funds. Last much wealth will transfer from one generation to year NCF and its affiliated funds received over the next during the first half of this century. 8,000 gifts. Forty-nine of these funds already
NCF BOARD MEETS IN PENDER
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NCF Board members and staff received a warm welcome from affiliated fund leaders and volunteers of the Pender-Thurston Education & Community Foundation at the Board’s quarterly meeting in June. Full article on page 3
SAVE THE DATE NCF’s annual banquet celebration, exposition and training will be held November 12 and 13 in Columbus. More information on page 5
YOUNG PEOPLE EXPRESS A DESIRE TO RETURN Surveys conducted by NCF show that many rural youths are interested in owning their own businesses and returning home to raise their families. Entrepreneurship education can be a key factor in making this happen. Full article on page 6
Alex Rethwisch and Collette Eggleston market their gourmet muffins and cookies at an Entrepreneurship Investigation camp in Butler County.
BEST PRACTICE: TEAM APPROACH TO LEADERSHIP The McCook Community Foundation Fund has made significant progress over the past several years. Leaders say that recruiting diverse committee members with different skills and backgrounds has helped develop a network for community inclusion. Full article on page 8