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HOT OFF THE PRESS: A Golden Age of Philanthropy Still Beckons With a New $59 Trillion Target
Here you can find a combination of two impressive new studies focusing on estimates of wealth transfer and philanthropic giving by households during the period from 2007 through 2061.
I find this fascinating because the authors (John J. Havens and Paul G. Schervish) have revised their previous estimate of $41 trillion upward to a whopping $59 trillion.
“Our current estimate of wealth transfer for the 2% growth scenario is $58.1 trillion in 2007 dollars for the 55-year period from 2007 through 2061 – 12% greater than our original estimate [$40.6 trillion]. This estimate assumes that estate taxes would revert to 2001 taxation levels with a $1 million exemption after 2012. If the estate taxes remain at the 2011 levels with a $5 million exemption after 2012 our estimate increases to $59.0 trillion.”
You can read it for yourself here.
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For purposes of philanthropy, It would be interesting to see a demographic comparison about the percentage of childless households in this era, compared with previous generations. I suspect it is much, much higher, which might make this the platinum era.
yeah, yeah, yeah., Greg.. how often do we keep hearing about this cycle? of course I hope it’s true…of course I hope those who might “transfer the wealth” actually do so… will believe it when I see the Genxers and Millinys making it happen…a good thing to pray for…right, ole pal Sheila Hard??
He! He! Don’t shoot the messenger.
It’s interesting that they revised the figures upward so much.
For purposes of philanthropy, It would be interesting to see a demographic comparison about the percentage of childless households in this era, compared with previous generations. I suspect it is much, much higher, which might make this the platinum era.
yeah, yeah, yeah., Greg.. how often do we keep hearing about this cycle? of course I hope it’s true…of course I hope those who might “transfer the wealth” actually do so… will believe it when I see the Genxers and Millinys making it happen…a good thing to pray for…right, ole pal Sheila Hard??
He! He! Don’t shoot the messenger.
It’s interesting that they revised the figures upward so much.