SUCCESSES

2023 Community Philanthropy Summit

We had an incredible day of learning at this year's Community Philanthropy Summit with guest speaker Mr. Thank You, John Israel. More than 200 people gathered at Hutchins Street Square in Lodi for a half day of socializing, learning, and celebration! A room full of nonprofit leaders, philanthropists, and volunteers enjoyed learning the value of a sincere thank you, even in circumstances that might not traditionally illicit gratitude.

Saying "Thank You" costs nothing and pays out tremendously. Didn't land that donor the way you had hoped? Thank them for their time anyway! Thank them for the time they gave to your pitch, regardless of the outcome. While a meeting may not yield the expected result, there was still an investment of time to listen -- and that alone is worthy of a thank you card, email, or call!

Learn more about how gratitude can be a game changer in any situation, business or personal, by visiting Mr. Thank You's website.

The Community Philanthropy Summit was made possible by our sponsors, most notably the Presenting Sponsor, the 54 Fund. We look forward to cohosting with San Joaquin Community Foundation in 2024 to bring another spectacular day of learning.

209Gives Matching Funds

This year we had the pleasure of providing Matching Gifts up to $500 for local nonprofit organizations. Each organization worked diligently to promote the day of giving and their hard work paid off!

The Board held a Check Pick-up Party / Meet and Greet! Wine and hors d'oeuvres were served, laughter and conversation flowed, and a photo opportunity with a giant check preceded the culminating moment of receiving the actual matching gift check. It was a great inaugural event and we're looking forward to doing it again next year.

RESOURCES

Wealth Transfer

Thanks to the New York Times for the following eye-opening insights: An intergenerational transfer of wealth is in motion in America -- and it will dwarf any of the past.

Of the 73 million baby boomers, the youngest are turning 60. The oldest boomers are nearing 80. Born in mid-century as U.S. birthrates surged in tandem with an enormous leap in prosperity after the Depression and World War II, boomers are now beginning to die in larger numbers, along with Americans over 80. Most will leave behind thousands of dollars, a home or not much at all. Others are leaving their heirs hundreds of thousands, or millions, or billions of dollars in various assets.

Heirs increasingly don’t need to wait for the passing of elders to directly benefit from family money, a result of the bursting popularity of 'giving while living'.

This giving while living includes property purchases, repeated tax-free cash transfers of estate money, and more -- providing millions a head start. And it’s already impacting the broader economy, greasing the wheels of social mobility for some and leaving obstacles for those left out as the cost of living, housing and raising families surge.

A key reason there are such large soon-to-be-inherited sums is the uneven way boomers superbly benefited from price growth in the financial and housing markets. The wealthiest 10% of households will be giving and receiving a majority of the riches. Within that range, the top 1% -- which holds about as much wealth as the bottom 90% and is predominantly white -- will dictate the broadest share of the money flow. The more diverse bottom 50% of households will account for only 8% of the transfers.