This episode originally aired on September 14, 2021.
Over the next 20 years an estimated $70 trillion dollars in wealth could transfer from baby boomers to the next generation.
How that transfer occurs, whether to descendants or through philanthropy could be a game-changer.
To that end, Bill and Melinda Gates, along with Warren Buffet in 2010 started a series of conversations with the super-wealthy around the world that led to the creation of the Giving Pledge.
They wanted to set a new standard of generosity to address some of the world’s most pressing issues, such as climate change, medical research and crushing poverty.
We talk about the philosophy, what it looks like in action and how wealth advisors are getting on board.
Guests:
- Angela Parsons vice-president of donor Services for the Columbus Foundation
- Sophie Alexander, reporter for Bloomberg News
- Stephanie Brobbey, founder of Good Ancestor Movement Ltd., a U.K.-based wealth advisory firm devoted to wealth minimization
- Chuck Collins, director of the Program on Inequality and the Common Good at the Institute for Policy Studies, where he co-edits Inequality.org
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