Community Vitality Center Logo

Iowa Transfer of Wealth

Clinton County, Iowa

Recorded Wealth Transfer

Table A. Annual average recorded wealth transfer, Iowa, 1998-2002

  Clinton County, Iowa
County County
rank
State
Annual average number of recorded probated estates, 1998-2002
(adjusted for missing probate data)
349 8 17,976
Annual average recorded wealth transfer (millions nominal $), 1998-2002 $95.0 9 $4,933
Annual average transfer/recorded probated estate (nominal $), 1998-2002 $271,998 48 $274,425

Source: Community Vitality Center and Iowa Court Information Systems


Projected Wealth Transfer

Table B. Projected wealth transfer by decade (millions nominal $ inflated at 2% annually),
Iowa, 2000-2049

  Clinton County, Iowa
County State
millions nominal $
inflated at 2% per year
percent of
50 year transfer
millions nominal $
inflated at 2% per year
percent of
50 year transfer
Projected wealth transfer, 50 years, 2000-2049 $9,265.5 100.0% $531,712.1 100.0%
Projected wealth transfer, 1st 10 years, 2000-2009 $1,038.9 11.2% $57,462.0 10.8%
Projected wealth transfer, 2nd 10 years, 2010-2019 $1,356.0 14.6% $74,427.5 14.0%
Projected wealth transfer, 3rd 10 years, 2020-2029 $1,754.6 18.9% $98,257.5 18.5%
Projected wealth transfer, 4th 10 years, 2030-2039 $2,309.3 24.9% $133,602.1 25.1%
Projected wealth transfer, 5th 10 years, 2040-2049 $2,806.8 30.3% $167,963.0 31.6%

Source: Community Vitality Center


Charitable Giving

Table C. Average income and charitable contributions, federal income tax returns,
Iowa, 1997*

All income levels Clinton County, Iowa
County County
rank
State US
Total number federal tax returns filed 22,827 10 1,317,635 121,697,497
Number federal income tax returns with itemized contributions 4,339 14 309,358 32,632,950
Average adjusted gross income, returns with itemized contributions $68,934 34 $76,516 $89,230
Average itemized contribution $1,979 72 $2,579 $2,977
Average contributions as a percent of average adjusted gross income 2.9% 84 3.4% 3.3%
 
Adjusted gross income under $50,000 Clinton County, Iowa
County County
rank
State US
Total number federal tax returns filed 18,170 10 1,033,095 92,776,089
Number federal income tax returns with itemized contributions 1,560 13 118,061 12,085,101
Average adjusted gross income, returns with itemized contributions $32,704 18 $32,220 $32,553
Average itemized contribution $1,360 65 $1,416 $1,514
Average contributions as a percent of average adjusted gross income 4.2% 76 4.4% 4.7%
 
Adjusted gross income over $50,000 Clinton County, Iowa
County County
rank
State US
Total number federal tax returns filed 4,657 12 284,540 28,921,408
Number federal income tax returns with itemized contributions 2,779 13 191,297 20,547,849
Average adjusted gross income, returns with itemized contributions $89,272 70 $103,854 $122,564
Average itemized contribution $2,326 83.5 $3,296 $3,837
Average contributions as a percent of average adjusted gross income 2.6% 77 3.2% 3.2%

*most recent year for which county information is available

Source: Community Vitality Center, Urban Institute National Center for Charitable Statistics and U.S. Internal Revenue Service


Income

Table D. Total per capita income and per capita income from dividends, interest
and rent, Iowa, 1990-2000

  Clinton County, Iowa
County County
rank
State US
Per capita income (nominal $), 2000 $24,403 49 $26,540 $29,760
Per capita income (nominal $), 1990 $16,332 38 $17,372 $19,572
Dollar change in per capita income, 1990-2000 $8,071 52 $9,168 $10,188
Percent change in per capita income, 1990-2000 49.4% 60 52.8% 58.6%
 
Per capita income from dividends, interest, rent (nominal $), 2000 $4,609 81 $5,483 $5,663
Percent of per capita income income from dividends, interest and rent, 2000 18.9% 86 20.6% 19.0%

Source: Community Vitality Center and Bureau of Economic Analysis, U.S. Department of Commerce


Total Population

Table E. Population, Iowa, 1990-2000

  Clinton County, Iowa
County County
rank
State US
Population, 2000 50,149 10 2,926,324 281,421,906
Population, 1990 51,040 10 2,776,831 248,709,873
Population change, 1990-2000 -891 97 149,493 32,712,033
Percent population change , 1990-2000 -1.7% 73 5.4% 13.2%

Source: Community Vitality Center and U.S. Census Bureau, U.S. Department of Commerce


Deaths

Table F. Deaths and death rates, Iowa, 1990-2002

  Clinton County, Iowa
County County
rank
State US
Average annual deaths, 2000-2002 530 8 27,836 2,422,430
Average annual deaths, 1995-1999 558 8 28,018 2,333,800
Average annual deaths, 1990-1994 539 8 27,261 2,208,400
 
Average annual death rate/1000 population, 2000-2002 10.6 62 9.5 8.6
Average annual death rate/1000 population, 1995-1999 11.0 63 9.7 8.7
Average annual death rate/1000 population, 1990-1994 10.5 64 9.7 8.7

Source: Community Vitality Center and Iowa Department of Public Health


Age

Table G. Median age and age 65 or older,
Iowa, 2000
  Clinton County, Iowa
County County
rank
State US
Median age (years) 38.2 69 36.6 35.3
Number 65 or older 7,934 10 436,213 34,991,753
Percent 65 or older 15.8% 77 14.9% 12.4%

Source: Community Vitality Center and U.S. Census Bureau, U.S. Department of Commerce

 

Percent of population by age group, Iowa, 2000

Clinton County age graph

Source: Community Vitality Center and U.S. Census Bureau, U.S. Department of Commerce


COMMUNITY VITALITY CENTER
A Catalyst For Creating Real Impact In Real Communities

477 Heady Hall, Ames, IA, 50011-1070, Phone: 515-294-3000, Fax: 515-294-3838, e-mail:

Copyright © 2003-2005 Community Vitality Center
This site is best viewed at 800x600 and better resolutions using Microsoft Internet Exporer 5.0+, Netscape 6.0+, Mozilla 0.97+, Opera 5+, and Konqueror 3+. If you are having problems viewing this site, please check your browser version and update if necessary. You will need Adobe Reader to view .pdf files. This page is valid XHTML 1.0 Transitional and is CSS2 compliant