Sandhills Area Foundation guardian of gifts, memorials and other contributions, established in Valentine, Nebraska Heart of the Sandhills
 

Sandhills Area Foundation News Articles Archived

2004


2004, year in review

Cherry County projected transfer of wealth analysis

Legacy of learning lives on through generosity of Sandhills couple

Cleo Junior leaves memories and more for Sandhills friends

Robinson instrumental in Sandhills Area Foundation start and continuance

Sandhills Area Foundation awards scholarships for continuing education
 
See also Scholarships Awarded

Review of 2004 Sandhills Area Foundation Annual Meeting

2005 Community Grants and Donations

Back to Current    Archives -  2006, 2005, & 2004


2004


2004, year
in review


The Sandhills Area Foundation held its annual meeting on January 19, 2004. Seventy three members and guests attended the annual affair. 

Featured speaker was Cal Robinson of North Platte. 

Outgoing President, Dave Sandoz, announced the incoming President of the Sandhills Area Foundation is Bob Stetter with Phyllis Rothleutner serving as Vice-President and Mary Young as Treasurer. 

Members of the Board retaining their positions were Bob Gustafson, Gerald Keech, Dave Major and Frank Sibert. Mr. Sandoz moved to a Board position. 

Susan Beel and Ralph H. Eatinger were introduced as new board members. Susan Beel was subsequently elected as Secretary.

In the Spring, forty-three graduating seniors from Valentine, Cody, Mullen, Thedford and Hyannis applied for college scholarships. Twenty college students applied for scholarships and four applied for scholarships for continuing education. The scholarship committee selected twenty-nine to receive scholarships. A total of $27,000 was awarded for scholarships. The scholarships were presented at the Summer Celebration held in August.

In September, the Foundation was shocked to hear of the death of Cal Robinson. It was not only a loss to the Sandhills Area Foundation but to the community of North Platte, Cal's home town, as well as other communities and organizations that Cal gave so freely of his time.

The Foundation received a donation of $20,401 to be used for grants, $8,600 was paid out for grants.

Twenty-seven new members joined the Sandhills Area Foundation for a total membership of 140 at year end. One member received the classification of Special Benefactor, having donated $5,000 or more for a total of four Special Benefactors. Three members received the classification of Lifetime Members having donated $2,000 up to $5,000 for a total of twenty-seven Lifetime Members.

Assets increased from $719,053.56 to $765,062.68, an increase of $46,009.12.

Cherry County projected transfer of wealth analysis


A recent study by Boston College projects that over the next 50 years $41 trillion of American wealth will transfer from the current generation to the next generation. The Nebraska Community Foundation estimates that in Nebraska the wealth transfer will be $258 billion or roughly $5.2 billion annually (on average). For Rural Nebraska, NCF estimates that the wealth transfer will run $94 billion or nearly $1.9 billion each year (on average).

Over the next 50 years: $258 billion
Annually per year: $5.2 billion

Cherry County Population - The County’s 2000 population is 6,148; down from 6,307 in 1990 or -2.5%. Comparatively, Nebraska’s state population increased by +8.4% during the same period.

Cherry County Wealth Transfer - Over the first half of the 21st Century, Cherry County will experience $748 million in wealth transfer from the current to the next generation (or roughly $15 million annually on average). The chart shown above illustrates our best estimate of the timing of this wealth transfer. Because of the loss of local heirs, inadequate estate planning, and the greater probability of giving to outside versus local charities - much of this wealth will permanently leave the County.

Over the next 50 years: $748 million
Annually per year: $15 million
The chart below illustrates the Cherry County Transfer of Wealth

The chart above illustrates the Nebraska Transfer of Wealth.

Click on the thumbnails above for the full page chart.
Impact - Over just the next five years (using annual averages), an estimated $75 million will transfer. If just five percent were gifted to locally, an endowment(s) of $3.8 million could be built. Assuming a conservative 5% annual payout (allowing the endowment to grow), $190,000 would be available each and every year for community betterment investments.

Income Profile - The following chart illustrates Cherry County’s current income profile relative to Nebraska. Overall, Cherry County has more lower income households, about the same percentage as Nebraska of middle income households, and about one-half as many upper income households. However, this data underestimates the overall wealth based in the County.
 
Cherry County Nebraska
Low Income  38%  26.6%
Middle Income  46%  46.4%
Upper Income  16%  27.1% 

Wealth in Land - The story goes that in Rural Nebraska we are land rich and cash poor. There is truth in this old saying. In fact, in Cherry County over 67% of the County’s wealth is connected to property such as farm/ranch land, commercial real estates, and homes ($504 million). Relative to population, the County has more of its wealth in property than other wealth types.

Relative to Nebraska
Population Share  .39%
Land Value Share  .73%

Older - Like most of Rural Nebraska, Cherry County’s population is older when compared to the State as the following chart illustrates. 
Cherry County  Nebraska
65 & Older  17%  13.4% 
75 & Older  8%  6.7%

Robinson instrumental in Sandhills Area Foundation start and continuance


by Frank Sibert

Every organization has to have a dedicated person to get it off the ground. Cal Robinson was that dedicated person that set the foundation for the Sandhills Area Foundation.

Cal came to Valentine to speak to the Valentine Rotary Club and set the stage for the formation of the Sandhills Area Foundation. He also came to three annual meetings as the principle speaker giving the group a lift and the incentive to continue.

Cal was one of the first members of the foundation. Even though he was not from the area, he renewed his membership each of the past seven years resulting in a contribution of $900 for this community. He was instrumental in the foundations start and it’s continuance.

The community of North Platte, as well as other communities, was shocked at the sudden death of Cal on September 18, 2004 at the age of 53. Cal was on the board of directors of the Mid-Nebraska Community Foundation in North Platte for seventeen years, three of those years as president. Eric Seacrest, executive director of the Mid-Nebraska Community Foundation was quoted in the North Platte Telegraph, “Cal gave generously of his time and of himself to the Mid-Nebraska Community Foundation. He believed the foundation was a wonderful vehicle to let people give back to their community. He believed in the power of donations as well as the power of investment returns to help worthy causes.”

Sandhills Area Foundation awards scholarships for continuing education



Scholarships for continuing education were awarded to four area women by the Sandhills Area Foundation in 2004. The recipients expressed their desire to continue their education to advance professional skills and receive degrees in their area of study. The areas of study ranged from nursing to elementary education. One of the goals of the Sandhills Area Foundation is to award scholarships to graduating seniors, college students and those pursuing continuing education in the hopes they will remain or return to Valentine to contribute to the area in their fields of endeavor.

Pictured L to R: Jeanette Vackiner, Larisa Arnold, Kim Shaul, and Shauna Robinson.


Review of 2004
Sandhills Area Foundation Annual Meeting


The Sandhills Area Foundation held its annual meeting on January 19 at the Peppermill Restaurant meeting room. Seventy-four members and guests attended the annual affair.

Featured speaker Cal Robinson of North Platte gave a rousing speech pertaining to the attributes of giving and the $500,000 gift from Cleo Bloom, Jr. to the Sandhills Area Foundation. Baley Sargent entertained the members and guests with her beautiful voice.

Outgoing President Dave Sandoz served as Master of Ceremonies. Mr. Sandoz announced that the incoming President of the Sandhills Area Foundation is Bob Stetter with Phyllis Rothleutner serving as Vice-President and Mary Young serving as Treasurer. Members of the Board retaining their positions will be Bob Gustafson, Gerald Keech, Dave Major and Frank Sibert. Mr. Sandoz will move to a Board position. Susan Beel and R. H. Eatinger will serve as new members on the Board.

Stetter gave a brief history of the Foundation. He stated that the Sandhills Area Foundation was organized in 1998 for the purpose of collecting funds, through donations, and setting them aside as investments, with returns going towards scholarships and grants in the Sandhills area. Stetter pointed out that under the Sandoz presidency, the membership has grown from 65 to the present 130 members. Three members are classified as Special Benefactors, having donated $5,000 or more. Twenty-four members are classified as Lifetime Members, having donated $2,000 up to $5,000. The remaining members are classified as Foundation Members donating $100 per member per year. All donations are tax deductible. The total assets of the Foundation are over $747,000.

Since its inception, the Sandhills Area Foundation has awarded grants totaling $3,960. In additions, 37 scholarships have been awarded. In the year 2003 alone, 21 - $1,000 scholarships were awarded for a total amount of $21,000.

Stetter pointed out that under the two year leadership of Mr. Sandoz the membership of the Sandhills Area Foundation increased 100%. Stetter stated, “I would like to set a goal of increasing the membership in the Sandhills Area Foundation by another 100% over the next two years. This is a lofty goal but, with your help, it can be done. You all know people that are potential members. There are great kids every year that need scholarships. Let’s give them the help they need through the Sandhills Area Foundation. With your help we can make a huge difference. Hopefully, some day, these kids will return to Valentine and join the Sandhills Area Foundation”.

For information on the Sandhills Area Foundation please contact any of its officers or board members.

Back to Current    Archives - 2007, 2006, 2005, & 2004


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