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Wealthy boomers doubt heirs' philanthropic drive, but younger donors show higher engagement

By PulseAugur Editorial · [1 sources] ·

Wealthy baby boomers express declining confidence in their heirs' commitment to philanthropy, with only 47% believing the next generation is prepared to continue family giving traditions. This sentiment is particularly pronounced among parents, where the belief that their children share their commitment to giving back has fallen significantly. Despite these concerns, research indicates that younger generations, Gen Z and millennials, are actually more engaged donors, supporting more causes and utilizing tools like donor-advised funds at higher rates, while also seeking to establish their own charitable identities. AI

RANK_REASON Article discusses survey results and expert opinions on generational attitudes towards philanthropy, rather than a specific event.

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AI-generated summary · Google Gemini · from 1 sources. How we write summaries →

Wealthy boomers doubt heirs' philanthropic drive, but younger donors show higher engagement

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Article discusses survey results and expert opinions on generational attitudes towards philanthropy, rather than a specific event.
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COVERAGE [1]

  1. Fortune TIER_1 English(EN) · Sydney Lake ·

    Wealthy boomers doubt their heirs will keep giving as $124 trillion changes hands, BofA finds. The data shows a different reality

    Younger donors give to more causes than their parents—but only 47% of the wealthy think they're ready.

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