The $124 trillion Great Wealth Transfer is fully underway—but nonprofits are ‘paralyzed’ by how to chase millennials’ newfound wealth
It’s 2026, and the $124 trillion Great Wealth Transfer has begun. As baby boomers phase out and pass on the fortunes they’ve built to subsequent generations, a lot will change.
Reported by 1 outlet — Fortune. See all sources ↓
It’s 2026, and the $124 trillion Great Wealth Transfer has begun. As baby boomers phase out and pass on the fortunes they’ve built to subsequent generations, a lot will change. Namely, the old ways of philanthropic giving won’t work on younger generations, and that could be a huge problem for nonprofit organizations. “The older generations are disproportionately providing the majority of the philanthropic dollars,” despite the Great Wealth Transfer already being fully underway, Steve Isom, chief operating and financial officer of nonprofit software company Bloomerang, told Fortune.
Read the full report at Fortune ↗
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- What's the story?
- It’s 2026, and the $124 trillion Great Wealth Transfer has begun. As baby boomers phase out and pass on the fortunes they’ve built to subsequent generations, a lot will change.
- How widely is it covered?
- 1 outlet, average source rating 6.0/10.
- When was it last updated?
- 11m ago.
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The $124 trillion Great Wealth Transfer is fully underway—but nonprofits are ‘paralyzed’ by how to chase millennials’ newfound wealth
Sources1TypeCoverageFortune