Predictions of a massive wealth transfer have been rolling through philanthropy for decades. Past predictions fizzled, but many experts believe Baby Boomers could change that. Boomers, who are now hitting or in their 70s, hold more wealth than their parents ever did. Despite a massive stock market decline and fears of recession, the boomers will likely have plenty of cash left to donate to charity.

Aging Boomers could bequeath as much as $750 billion per year—$18 trillion in total—over the next two decades, according to one firm’s research. While some estimates are less rosy, experts agree that nonprofits should prepare for an uptick in planned gifts and learn how to better discuss the giving option with their donors.

Host: Ben Gose, Senior Editor, Chronicle of Philanthropy

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