“The very act of involving next generation family members changes the character of the foundation itself…even their values and priorities cause a paradigm shift in the way the foundation operates.”

“In a much-discussed intergenerational wealth transfer, Baby Boomers are predicted
to inherit upward of $40 trillion by 2052. Although this seems almost
certain, with some room for market fluctuation, it is uncertain what the next
generation will do with this wealth. Foundations anticipating this transfer are
already considering how to incorporate the next generation into their family’s
philanthropy. And they are learning that engaging young adults in current family
systems can be challenging.”

Sharna Goldseker discusses a multigenerational approach to philanthropy, “generational personalities,” and preparing for the much-discussed Baby Boomer transfer of wealth.

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