The Great Wealth Transfer: A Philanthropic Wake Up Call The $124 trillion transfer of wealth from baby boomers to their children and grandchildren has been touted as a seismic shift in philanthropy.
This generational handover is not just about numbers; it's also about changing relationships between donors, nonprofits, and the causes they support.
For decades, community based nonprofits have relied on the generosity of wealthy baby boomers who often gave out of obligation rather than passion.