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

FortuneOctober 6, 20263 min read

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

Wealthy baby boomers have spent decades building their fortunes—and the foundations, donor-advised funds, and giving traditions that come with them. But as the $124 trillion Great Wealth Transfer gets underway, a growing share of the older generation isn’t so sure their kids will carry on tradition the way they hope. Fewer than half of wealthy Americans (47%) believe the next generation is…

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