Rural Maryland Foundation Transfer of Wealth Finalization
Over the last couple of months, the Rural Maryland Foundation and the Center for Entrepreneurship have been working together to conduct a Maryland Transfer of Wealth (TOW) Opportunity Project. America’s communities are struggling to find the financial resources necessary to support community and economic development. Traditional sources such as government funding is stagnant or declining. In this environment, possibly the single largest underdeveloped resource is community-based philanthropy fueled by capturing some portion of the TOW opportunity.
TOW is an estimate of American household wealth from which charitable giving could be realized. The draft analysis and research yields a conservative estimate of TOW, discounting wealth that is unlikely to be available for charitable giving.
Learn more, including accessing recorded webinars and materials, on the Rural Maryland Foundation’s website here: http://www.ruralmdfoundation.org/transfer-of-wealth-study.html