Great Wealth Transfer Is Back?

I am going to admit that throwing around the idea of Trillions of dollars in Wealth Transfer going to Nonprofits over the next 46 years actually makes my brain a little tired. Actually, just seeing an email from Paul Schervish this week got me a bit sleepy.

Want to read the latest Wealth Transfer predictions from Boston College and Mr. Schervish, here you go:

http://www.bc.edu/content/dam/files/research_sites/cwp/pdf/A%20Golden%20Age%20of%20Philanthropy%20Still%20Bekons.pdf

How about the headline?

New Report Predicts U.S. Wealth Transfer of $59Trillion, With $6.3 Trillion in Charitable Bequests, from 2007-2061
Additional Lifetime Giving of $20.6 Trillion, Say Boston College Researchers

How about the highlights?

  • Through estates, heirs will receive $36 trillion.
  • Federal estate taxes will claim $5.6 trillion.
  • The sum directed from final estates (for which there is no surviving spouse) toward charity is estimated at $6.3 trillion.
  • Total gifts to charity during the study period are vastly greater, according to the study, which estimates that lifetime giving will yield an additional $20.6 trillion for charity from 2007-2061

I know it sounds like a lot of money for nonprofits, through Planned Giving no less, but it still gets me weary looking at this stuff.

What do you think?

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