Baby Boomer Estates Will Bring "Golden Age" of Philanthropy | JoinTogether.org

Baby Boomer Estates Will Bring "Golden Age" of Philanthropy | JoinTogether.org: "Baby Boomer Estates Will Bring 'Golden Age' of Philanthropy
12/23/2005

In the coming decades, legacy gifts from a new generation of wealthy Americans will bring a sharp increase in donations to U.S. charities, according to a Harrison Group survey of 500 of the country's wealthiest families, Financial Times reported Dec. 14.

Survey respondents were predominantly white males, at an average age of 54 and with average net assets of $28 million.

These donors plan to bequeath 22 percent of their wealth to charities, or a total of $4.5 trillion among 750,000 households across the U.S. with similar assets, survey results indicated."