Mapping the New World of American Philanthropy : Causes and Consequences of the Transfer of Wealth

Mapping the New World of American Philanthropy Causes and Consequences of the Transfer of Wealth In the next several decades, as much as $41 trillion will change hands from members of the baby boomer generation to their progeny, and to some extent, America s charities. The ranks of those charities have grown enormously. In 1940, the nation had 15,000 nonprofits; today there are an estimated 1.5 million. If even a third of today s high end estimate of the resource transfer actually reaches nonprofits, that $6 trillion is six times today s annual income flow. What happens when this bushel full of money rains down on nonprofits? How will they respond to the managerial and organizational challenges??Can the current system support this new influx of money? Starting with the Preface by Judith Giuliani and the Introduction by Michael Hoffman, Chairman of Changing Our World, Inc., Mapping the New World of American Philanthropy is the most authoritative collection of essays ever amassed on wealth transfer. Its contributors, comprising an unprecedented compilation of professionals—financial planners, lawyers, financial analysts, and planned giving experts, among many others, tackle these and other thought provoking issues in a lively, informative manner. Edited by Susan Raymond and Mary Beth Martin, leading philanthropic professionals, this group of experts takes old mindsets and dogmas on wealth transfer and holds them up to the light of day to reveal how nonprofits can prepare for the coming intergenerational transfer of wealth. Required reading for nonprofit and philanthropy managers, board members, volunteers, and policymakers, Mapping the New World of American Philanthropy takes an honest look at every facet of wealth transfer: the expected trends, the potential impact on the nonprofit system, the impact on governmental policy, as well as the expanding role of family foundations, women, and donor advised funds.