Get all your news in one place.
100's of premium titles.
One app.
Start reading
Fortune
Fortune
Sydney Lake

The $124 trillion Great Wealth Transfer is fully underway—but nonprofits are 'paralyzed' by how to chase millennials’ newfound wealth

(Credit: Getty Images)

It’s 2026, and the $124 trillion Great Wealth Transfer has begun. As baby boomers phase out and pass on the fortunes they’ve built to subsequent generations, a lot will change.

Namely, the old ways of philanthropic giving won’t work on younger generations, and that could be a huge problem for nonprofit organizations.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.