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News & Press: National Philanthropy News

Millennial Givers and a “Movement” Approach to Giving

Tuesday, September 23, 2014   (0 Comments)
Posted by: Buffy Beaudoin-Schwartz
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September 19, 2014

Nonprofit Quarterly

Among the spate of recent articles on the charitable giving of millennials is this one from theWall Street Journal. It reports that millennials are much more committed to "giving back” and much less "entitled, needy and self-absorbed” than some might believe.

In the 2014 Millennial Impact Report produced by a consulting firm called Achieve, 87 percent of millennials reportedly made financial contributions to nonprofits last year. Financial advisors might find millennials an attractive potential clientele, given that the WSJ estimates that $30 trillion in the intergenerational transfer of wealth will land in the wallets of millennials "over the next several decades.”

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