Charity Leaders Hope to Draw from $48 Billion Share of Wealth


credit: drmc

Minnesota charity officials hope to tap into the largest transfer of wealth happening in the nation.

An estimated $43 trillion is expected to pass from baby boomers and their parents to the younger generation. This includes the $48 billion in Minnesota in the next 20 years. Charity leaders hope to secure a portion of the wealth to boost the quality of life for many Minnesotans.

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Private nonprofit organizations whose primary purpose is to promote the practice of charitable giving and volunteering or to represent and serve a wide range of philanthropic and charitable institutions.




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