Bus Leaving for Washington, NOW!
Attention planned giving fundraisers!
Washington's abuzz. But it's only fair that you non-Washingtonians should get a bite at the apple.
The biggest transfer of wealth in the history of the Washington region will occur over the next 50 years as current retirees and Boomers expected to die by 2055 make bequests totalling $2.4 trillion. So reports the Washington Post, scooping a study to be released this week by Boston College's Center on Wealth and Philanthropy. Charities will get close to $460 billion of this amount.
The bulk of the bequests will come from households with a net worth of more than $1 million — including equity in homes — which account for a remarkable 10% of households in the region.