By Jay Fitzgerald
Boston Herald General Economics Reporter
Wednesday, May 17, 2006
An “unprecedented” amount of wealth will be transferred in coming decades in Greater Boston, possibly transforming philanthropy in the region, according to a new report.
The Boston Foundation, in a commissioned study to be released today, said as much as $1.25 trillion will pass from one generation to another generation over the next 50 years.
After heirs and the taxmen take their shares, an estimated $359 billion might be available for charities, according to the report, called “A Golden Age of Philanthropy? The Impact of the Great Wealth Transfer on Greater Boston,” prepared by two Boston College researchers. "
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