The Community Foundation of Fayette County (CFFC) has joined forces with forty (40) other Pennsylvania community foundations to launch the PA Giving Pledge, a statewide campaign to inspire Pennsylvanians to leave at least 5% of their estates to help future generations.
Sponsored by the Pennsylvania Community Foundation Association (PACFA), the newly announced PA Giving Pledge aims to scale Pennsylvania-focused giving with emphasis on generating sustainable financial resources for worthy causes and nonprofits working to address a range of issues in local communities.
“The PA Giving Pledge is a collective effort of PACFA community foundations across the state to improve the quality of life for our families, friends, and neighbors for generations to come. When someone leaves a percentage of their estate to the community foundation, they are leaving a legacy of charitable giving that will have a positive impact for years to come,” said Renee M. Couser, CFFC Executive Director.
The effort aims to tap into 5% of the estimated $418 billion transfer of wealth projected in Pennsylvania by 2030, according to estimates by the Center for Rural Pennsylvania. “If 5% of that $418 billion was endowed through the pledge, it would generate $21 billion to benefit Pennsylvania communities and causes forever,” said Michael L. Batchelor, PACFA President.
With the launch of the PA Giving Pledge, donors and professional advisors can now access an interactive website PAGivingPledge.org to find their nearest community foundation and to access county-by-county data that highlights the total estimated wealth transfer by 2030. PACFA members will be asking business leaders, professional advisors, and philanthropists in their communities to endorse the program to build further momentum.
“There’s amazing potential with Fayette County’s estimated wealth transfer of $2.22 billion in the next 10 years. If 5% of that was pledged in estate gifts, it would translate to $5.56 million being available each and every year to support Fayette County nonprofits and causes,” said Couser.
Do you pledge to leave at least 5% of your estate to support future Fayette County generations?
Call our office at 724-437-8600 x1 to learn more about including CFFC in your estate plan.
