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.
- Ascent Private Capital Management
- baby boomers
- Bank of America
- Bloomerang
- Cedar Point Capital Partners
- Dianne Chipps Bailey
- Fortune
- Gen Z
- Jennifer Chandler
- millennials
- The Chronicle of Philanthropy
- The Harris Poll
- Tom Thiegs
- Trent Von Ahsen
- U.S. Bancorp
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