Dear Friends and Colleagues:
We are grateful to The Boston Foundation for its support of the research contained in these reports. We also want to thank and especially acknowledge the Impact Foundation and The Dakota Medical Foundation, both of North Dakota. These foundations sponsored the study, A Golden Age of Philanthropy Still Beckons: National Wealth Transfer and Potential for Philanthropy, that undergirds our Boston Area research. The national wealth study is due to be released in the near future.
Our research on wealth transfer and charitable giving revealed that although the Great Recession of 2007-2011 will resonate for years to come in the philanthropic sector, Greater Boston households and estates could give between $600 billion to well over $1 trillion to charities between now and 2061, depending on growth rates and federal estate tax provisions. This indicates a substantial financial potential for local charities and non-profits that successfully become more engaged with donors and their philanthropic aspirations.
Please contact me if you would like additional information or have questions regarding our research.
Paul G. Schervish