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Imagine the Possibilities

As we reflect on a year of tremendous need, we should not let go of the fact that the decade ahead offers incredible possibilities for our region. One of those possibilities, based on demographic projections, is the substantial generational transfer of wealth that will take place in the next 10 years. People in Eastern Washington and North Idaho are expected to leave behind $42 billion over the next decade to beneficiaries upon their deaths, according to a 2019 study commissioned by Innovia Foundation. This expected shift could have enormously positive results for our community. If just 5 percent of that wealth transfer was transformed into local philanthropy, we would invest $2 billion back into our communities to make dramatic improvements in our region’s future.

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