Data shows promise for Iowa's Future

According to a new Iowa Transfer of Wealth Study released from the Community Vitality Center, for the years 2008 through 2012,  $7.8 billion were transferred through probate to descendants of Iowans who died. When compared an earlier 2002 study the size of estates has grown.

The Community Vitality Center of Iowa State University Extension shared these county comparisons. Others can be found at www.cvcia.org.

Estimated1 Annual Average Wealth Transfer per Recorded Probated Estate for Iowa Counties in Community Foundation of Greater Dubuque Service Region, 2008 – 20121 and 1998 - 2002.2
  Annual average wealth transfer per recorded probated estate during 2008-20121 Annual average wealth transfer per recorded probated estate during 1998-20022
County $3 $3
Allamakee
522,511

238,738
Clayton
543,670

237,745
Clinton
386,302

271,998
Delaware
668,538

237,943
Dubuque
401,524

290,974
Jackson
451,727
250,767
Jones
636,468
211,338
Total in CFGD Service Area    
1analysis carried out in 2016; 2previously reported from analysis carried out in 2004; 3current dollars, not adjusted for inflation

 

Estimated1 Annual Average Total Wealth Transfer for Iowa Counties in Community Foundation of Greater Dubuque Service Region, 2008 – 20122 and 1998 - 2002.3
 
Estimated annual average total wealth transfer
2008-2012
Estimated annual average total wealth transfer
1998-2002
County
$ Millions4
$ Millions4
Allamakee
38.2
23.2
Clayton 55.9 29.2
Delaware 69.5 24.5
Dubuque 109.4 118.4
Jackson 66.3 31.9
Jones 71.7 28.0
Clinton 124.5 95.0
Total in CFGD Service Area 535.5 350.21
1adjusted for missing probate data using average estate values for each county individually; 2analysis carried out in 2016;
3previously reported from analysis carried out in 2004; 4current dollars, not adjusted for inflation

Community Foundations are in partnership with caring Iowans to retain local wealth forever through permanent endowments. If only 5% of this wealth was earmarked for the community, community foundation endowments would generate millions of dollars every year for signature community needs forever.  Hospitals, schools, faith organizations, museums, libraries and trails can all be sustained through community foundation endowments.

“True progress starts with individuals planning for future generations,” said MJ Smith, Director of Affiliate Foundation at the Community Foundation of Greater Dubuque.  “As donors we can provide for causes we love during our lifetimes, but by planning to leave just a small portion of our wealth in our estate plans, we can continue to support those causes long after we’re gone.”

Press Contact

Jeff Danna
Communications Manager
jeff@dbqfoundation.org
563.588.2700

About Us
The Community Foundation of Greater Dubuque envisions a vibrant and inclusive Dubuque region where everyone can thrive. Since 2002, we have inspired people to give back to their community, and we turn this generosity into lasting change across our region, increasing access to resources and opportunities that help all people succeed. 

Connect with us to learn about the many ways we are building a strong, thriving Greater Dubuque for all.

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