Wealthy Baby Boomers Express Growing Concerns Over Succession of Children's Philanthropy
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- 1Bank of America surveyed the preparedness of wealthy Americans for philanthropy amid a massive $124 trillion wealth transfer.
- 2Only 47% of wealthy Americans believe the next generation is ready to take over family philanthropic activities.
- 3The percentage of parents who believe their children share the same willingness to donate was 65%.
So what's the key point?
Wealthy Americans are worried about passing down their charitable giving to their children. Only 65% of parents believe their children will share the same desire to donate.
Source Fortune · View original ↗
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