24 January 2014
Emporia Area Chamber of Commerce and Convention & Visitors Bureau
“KEEP 5 IN KANSAS” Campaign
Could Result In Millions of Dollars
For Lyon and Its Six Contiguous Counties
It’s a phenomenon called “The
Transfer of Wealth” and what that
means is that in Lyon County alone
in the years 2010-2020, $845
million will transfer through estates
from one generation to the next.
The transfer of wealth figure for
the other six counties during that
same time period is nearly $1.4
billion (Chase - $81.4m; Coffey $262.5m; Greenwood - $208.5m;
Morris - $158m; Osage $494.5m; Wabaunsee - $184.3m).
On one hand that’s good news in
that the monies being transferred
are staying within the family.
On the other hand, a great deal
of that money being transferred is
in fact leaving local communities
and in many instances leaving the
state of Kansas, because younger
family members are moving away
from home. According to a recently
updated Transfer of Wealth study
by Wichita State University, $79
billion will be transferred by 2020
in Kansas and that figure will grow
to $598 billion by 2064.
The Emporia Community
Foundation (ECF) has joined the
70 other community foundations in
Kansas in a new program called
“Keep 5 In Kansas” which means
finding a way to keep five percent
of the wealth being transferred in
Kansas, preserved and invested
in communities across the state. If
that can be done before 2020, up
to $4 billion would be kept and
utilized in communities statewide
and in Lyon County alone, that
figure would be $42 million. For
the other six counties that figure
would total $69.5 million.
can you ensure that the things that
make your community unique and
the things you love continue to exist
long after you’ve gone?
So how do we go about
“Keeping 5 In Kansas”? Think
for a moment about what matters
most to you. Is it the church where
you worship or the schools your
children or grandchildren attend?
Are you concerned with the parks
where kids play or is it a local
charity that you care deeply about?
Is your passion higher education or
supporting the local hospital? How
Here’s how Earl Sauder, a
respected business owner, now
deceased, chose to keep a portion
of his good fortune in the Emporia
area. Mr. Sauder reached out to
ECF and established a fund to be
used for a variety of charitable
causes in the community. Since
the establishment of this fund in
2000 the generosity of the Sauder
Fund has benefited ten charitable