Learning about particular areas of the state of Illinois losing wealth and population hits very close to home, doesn’t it? Throughout Starved Rock Country and its surrounding areas, we constantly hear about our young graduates, entrepreneurs and business professionals leaving the area in search of better paying jobs, better housing, more community services and enhanced cultural opportunities. Retirees of age, and the lucky few who are able to retire young, are also leaving the area, if not permanently, certainly for several months at a time. In doing so, these transplants establish meaningful, new relationships which ultimately leads to the provision of time, talent and financial support to their new, or second, home. Preventing relocation of our precious human resources, their diverse and deep set of skills, creativity, drive, and financial support, requires near herculean efforts. I applaud all of those who dedicate themselves daily to bring more companies with exciting, interesting and challenging work opportunities to LaSalle and Bureau Counties, and everyone toiling to create and sustain excellent programs and services through our social service agencies, art, music, education, healthcare, conservation and historical preservation organizations. All of them share the same passion – ensuring that a quality of life exists throughout our area in every arena, so that the population here and its accompanying wealth remain to benefit us and future generations who cherish life in Starved Rock Country.
But what about that transfer of wealth – a highly negative outcome of generational relocation. In LaSalle, Bureau and Putnam Counties, predictions indicate that residents are projected to transfer $1.97 billion to the next generation in the coming decade. How much of that wealth will actually leave us? Impossible to predict what might leave, but if just 5% of it remained in LaSalle and Bureau Counties, the retained wealth equals over $98 million. Nothing to sneeze at, for sure. Retained wealth, when invested in the Starved Rock Country Community Foundation in an endowment, could produce annual distributions between of 5% back to the community. In our case, that distribution would be just shy of $5 million, annually. Can you imagine the impact on the communities of Starved Rock Country?
Our mission is simple. We match people who care with causes that matter, forever. We provide a central philanthropic vehicle to build and manage permanent funds that will enable broad-based grant making to meet the emerging needs of the community. We make grants to local charitable organizations and provide valuable scholarships to students. Leaving just 5% of your wealth here at home with the Starved Rock Country Community Foundation will provide a permanent legacy of caring and will be used where it will do the most good – in our community. SRCCF is your Foundation.
For. Good. For. Ever.