Background on Wealth in Ventura County
Charitable and philanthropic giving has a special place in the social and economic life of the United States and in all its geographic locations in every state. Accumulation of wealth has far-reaching macroeconomic impacts that affect not only the holders of wealth but also everyoneelse in a particular economy. This stems from the fact that most often, capital accumulationinvolves both a net addition and a redistribution of wealth.
VCCF recognizes the need to better understand the changing behaviors and patterns of charitable giving and the transfer of wealth throughout the nation as well as in our own Ventura County. We are excited to share the recent report created by Jamshid Damooei, PhD of California Lutheran University entitled, “Transfer of Wealth in Ventura County: Using the Existing and the Emerging Philanthropic Giving to Strengthen the Quality of Life in Ventura County for the Next Fifty Years.”