Study: Baby Boomers Poised to Give $8 Trillion

From the Chronicle of Philanthropy:

Retirees are expected to donate about $6.6 trillion in cash and $1.4 trillion in volunteer services during the next 20 years as baby boomers retire, according to a report released today.

People give at higher rates after they retire, so extended life spans mean people are in their prime donor years longer than in previous eras, and that is good news for nonprofits smart enough to capture the attention of such donors.

The study… found that baby boomers are 49 percent more likely than their parents’ generation to make an effort to find out how nonprofits use their money before they decide to donate, and 44 percent of them want to direct how their charitable gifts are used, compared with only 15 percent of their parents’ generation.

Click here to continue reading on the Chronicle of Philanthropy website.