The power of art to inspire, comfort, and stretch the imagination is something all people can benefit from—not just those who can find their way to a museum, pay for a concert ticket, or hire a piano teacher for their children. Philanthropy can help increase access, nourish the artistic spirit, and support Vermont's creative economy at a time when it hasn't fully rebounded from the COVID-19 pandemic.
One in seven Americans are 70 or older. Between 2018 and 2042, analysts predict $70 trillion will transition between generations, mostly to heirs and some of it directly to philanthropic causes. As the wealth transition unfolds, there are strategies for family members who are both giving and receiving to set themselves up for success as they work to reduce inequities, fight racism, nourish science, and create a better Vermont and better world. Our latest brief highlights three of these strategies.