5 steps nonprofits can take today to prepare for the Great Wealth Transfer
In the next couple decades, older generations are expected to pass on an estimated $30 to $70 trillion in the greatest wealth transfer in history. This event is going to have a massive impact on planned and major giving, as well as shape the way younger generations navigate financial planning, investments, and charitable donations.
For nonprofits, it’s an unprecedented opportunity to raise funds for their missions. But if development leaders want to tap into this moment, they need to understand how it will affect charitable giving.
Watch Patrick Schmitt, the Co-CEO of FreeWill, to get insights into the impact of the upcoming Great Wealth Transfer and the steps nonprofit leaders can take to prepare for it now.
In this webinar, we covered:
- Understanding the Great Wealth Transfer
- Insights into charitable impact
- Trends across donor generations
- Strategies for planned and major giving