How Do You Prepare for the Transfer of Wealth for Your Organization?

Sharon Larkins-Pederson is the Senior Gift Planner at the Medical College of Virginia (Richmond, Virginia). She poses a fascinating question.

Here’s what she asks: “How does one make any sense out of the many conflicting so called ‘expert’ estimates of actual turnover of wealth over the next twenty years? Or should one simply not be concerned about factoring it into any fundraising projections?”

I went to Dr. Judith E. Nichols for the answer. There’s no one in the country who understands the dynamics of demographic information better than she. Judy is a brilliant platform presenter and the author of some of the most popular books in our field. Her newest is called: Transforming Fundraising— a workbook on strategic assessment. Here’s what Judy says:

There’s good reason why the “experts” can’t agree on the actual size of the intergenerational transfer of wealth. No one knows how much will be left by the time the Pre-WWII generations die and pass it on to children and the grandchildren. With an ever-increasing longevity and a more active lifestyle, the elders in our society are leaving less and less to their families.

- The Partners