As philanthropists and charitable foundations make more of a mark on development finance, development organizations are looking for clues about how to engage an emerging group of young donors in global giving.
One thing’s for certain: The next generation of philanthropists will have the resources to make a serious impact.
More than $59 trillion will pass into the hands of the next generation by 2050, and this new crop of wealthy individuals — technology entrepreneurs, heirs to family fortunes and real estate wunderkinds — will control between $20 trillion and $30 trillion in charitable giving.
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About the author
Molly Andersmollyanders_dev
Molly Anders is a former U.K. correspondent for Devex. Based in London, she reports on development finance trends with a focus on British and European institutions. She is especially interested in evidence-based development and women’s economic empowerment, as well as innovative financing for the protection of migrants and refugees. Molly is a former Fulbright Scholar and studied Arabic in Syria, Jordan, Egypt and Morocco.
