Philanthropy Across Generations: Creating a Strategic Roadmap

The topic of wealth transfer to the next generation has been well documented. Accenture estimated that $30 trillion of financial and nonfinancial assets are ready to shift from baby boomers to their children in North America alone. At the same time, there is a large and growing appetite for using wealth to solve social challenges and help those in need. In 2015, 98.4% of high net worth families gave to charity, and foundations contributed $57.19 billion to nonprofit causes, a 6.5% increase over 2014. To ensure that a family’s charitable legacy lasts well into future generations, families can create a strategic roadmap to facilitate strong, multi-generational giving.