Beyond Duty and Obligation

By Sharna Goldseker

Andrea and Charles Bronfman Philanthropies, January 2006

Analysts of the much-discussed intergenerational wealth transfer predict Baby Boomers will inherit $40 trillion by 2052. Although this seems almost certain, it is uncertain what the next generation will do with all this wealth. Foundations anticipating this transfer are already considering how to incorporate the next generation into their family's philanthropy. They are learning that engaging young adults in current family systems can be challenging. This article offers lessons about the next generation as well as strategies and tactics for integrating them into the foundation. Adopting a multigenerational approach is the first step in the process.

Topic: Development, Fundraising and Philanthropy

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Genre: Report

Coverage: North America

Language: English

Copyright Information: Download for personal use, freely distribute link

Bibliographic Information:
Goldseker, Sharna. Beyond Duty and Obligation. Andrea and Charles Bronfman Philanthropies. January 2006: http://www.bjpa.org/Publications/details.cfm?PublicationID=227


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