Preparing to Leave a Legacy for your Community

Last week, more than three dozen financial advisors and community members gathered together in McCook to learn more about how you can leave a legacy in your community.

Leaving a legacy can mean many things and can be done in a variety of ways.

For some, leaving a legacy means serving in public office, instituting laws and passing ordinances, which will shape the community for generations to come. If you don’t think attending a city council, school board or county commissioner meeting matters, consider that what they do at those meetings affects you and your children and your grandchildren on a daily basis. Those people who have served as a public servant have left a legacy in their community.

For others, they leave a legacy by their involvement and volunteerism in the community. These are the people who recognize a need in the community and fill it by creating an organization to help the situation. Or they volunteer their time to help others and make the community a better place for everyone who lives there. Those people who live to serve others have a left a legacy in their community.

And finally, there is the matter of leaving a legacy financially.

That was the topic covered last week during Nebraska Community Foundation’s Lunch and Learn webinar. Area financial advisors were encouraged to join a watch party at McCook Christian Church to learn more about estate planning and its affect on a community. Accountants, attorneys and investors joined community members to hear from author Mark Weber, who wrote “A Spectrum Legacies: The Gifts You Leave for Your Children and Community.”

The watch-party was hosted by the McCook Community Foundation Fund and the McCook Philanthropy Council. The council is a group of local non-profits who are working together to raise awareness about supporting local charities and non-profit organizations with financial gifts, specifically “Five-to-Thrive” which asks for five percent of assets to be left to a community so that it can thrive.

As our community ages, there is going to be a massive transfer-of-wealth from one generation to the next. If that next generation doesn’t live in this community, those dollars will leave the community, mostly likely forever.

So the conversation has begun about what legacy a person wants to leave not only for their family but for their community by leaving a financial gift for their hometown.

Some might be saying to themselves that they don’t have the financial resources to leave a legacy in their community. But ultimately, it isn’t the size of the gift that matters. It is recognizing that you want to support the organizations and the community that was there for you and your family as they grew up.

This is a different type of mindset. Traditionally when people have worked on their wills or long-term financial planning, all assets would have been passed down to their heirs, traditionally their spouse and/or their children.

But as our part of the state enters the largest generational transfer of wealth, we are working to change that traditional way of thinking. During a different session I attended about Five-to-Thrive, the speaker noted that if his children couldn’t live on 95 percent of his assets, then they wouldn’t be able to live on 100 percent either. That is putting it very bluntly but also very realistically.

And the Five-to-Thrive concept is not asking anyone to abandon to leaving assets to family members. Instead, the idea is to simply consider leaving a legacy in the community where you live or where you grew up if you have moved away.

The decision about your legacy will not be made overnight but rather through many conversations. It won’t be made by reading a single book but by reviewing many articles and stories. And it won’t be made by just reading this article or by what anyone else says but ultimately by following your values and what you would like to leave behind.

We are all going to leave a legacy, one way or another. It can be left up to others.

Or you can take the time to be intentional about what that legacy looks like by being prepared, by considering what your family needs and what will make your community an even better place to call home - for generations to come.

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By Ronda Graff September 19, 2025
With so much going, it is time for a “This, That and the Other Thing” column, where we will cover several topics, not very deeply but hopefully with a sense of humor as we clean up and prepare for a busy week in McCook. *** McCook again made state and national news this week for ice. This time, it was in the form of hail that pounded the community for hours upon hours. Conversations this week begin with “where were you….?” or “how many windows did you lose?” And while they may be legitimate and are offering their services, it is like vultures with all the roofing repair and dent removal businesses which have descended upon McCook following the storm. As city officials noted, do your due diligence with any company doing repairs for you and follow the old adage, which is old and still around because it’s true: If something seems to be too good to be true, it probably is. And one last note on the storm, we need to be careful what we ask for. As storm after storm approaches McCook and then splits in two to go around the town, we finally got one to roll right over us. The storm liked McCook so much it slowed down and just there. I was in Lincoln during the storm and trying to determine when I would drive home. I thought the weather app had frozen or the radar was broken because every time I looked, the storm was still sitting over McCook, doing its damage. I guess we can be thankful the next time a storm seemingly just goes around us. *** We are in the thick of McCook’s Heritage Days celebration. Congratulations to all the Heritage Days Royalty, which was announced at the MNB Bank Mixer this week. A special shout-out to Bill Donze, better known as Mr. Bill and his wife, Kathy, who were honored as royalty for their impact in McCook. As many know, Mr. Bill is fighting cancer and the prognosis isn’t good. The chances of him selling snow-cones and candy out of his van next summer near the McCook Aquatic Center are not good. One judge of his impact was the response to my column about Mr. Bill a few months ago. The post was shared thousands of times, viewed nearly 70,000 times with just as many comments by people sharing their fond memories of Mr. Bill. So when you see Mr. Bill riding down Norris in the convertible this weekend in the Heritage Days parade, send extra prayers and well-wishes to the man who has brought so much joy to so many kids - and adults too - over the years. *** Continuing on the Heritage Days theme, I would be remiss if I didn’t mention that the McCook Rotary Club is tossing all egos and formality out the window this weekend. As the president of the McCook Rotary Club, I invite everyone to at least watch, if not participate, in the Rotary’s first inflatable costume relay race on Saturday as part of the festivities in Norris Park. These are those giant, blow-up costumes you usually see around Halloween. The first costumes were usually T-Rexes but now there is everything imaginable available as a design. With the idea for the race originally conceived by Melanie Goodenberger, she has purchased everything from corn on the cob to a cowboy riding a chicken. This is a fund-raiser for the Rotary Club with a cost of just $20 for a team of four to participate in the relay race. But it is also a chance to giggle, perhaps make a fool of yourself and just have fun. Come to the park Saturday afternoon for the Wiener Dog races and stay for the Rotary Relay races. While the dogs will already be close to the ground, the relay race participants will likely just end up on the ground. *** With so much going on in McCook this week, I debated whether there should be another activity the next week but the response has already been great for the Lied’s Arts Across Nebraska’s next production in McCook. Hosted by the McCook Creative District, the Omaha Street Percussion ensemble will perform at the Fox Theater on Wednesday, Sept. 24. There is a matinee showing at 10:30 a.m. but I will be up-front…we are testing the capacity of the Fox with every seat already claimed with students. If that is the only show you can make, please come and we’ll find you a seat but it may be those up in the rafters. Otherwise, please plan to attend the 7 p.m. show on Sept. 24. And even better, there is no cost thanks to the Kimmel Foundation and the Friends of the Lied. This is a busy week and a busy weekend but this is a great opportunity to sit back and enjoy a fun, entertaining evening of live music.
By Ronda Graff September 12, 2025
Most likely, we aren't going to be good at something at the start. But that shouldn't stop us from trying.