When I think about leaving a legacy, one of the first things that comes to mind is an article from a magazine in the 1990s that talked about a $1 trillion inheritance windfall for Canadians. The article suggested baby boomers in the US stood to inherit $10 trillion dollars over the next several decades. Canadians, the article mused, would inherit $1 trillion. The estimate was later updated in 1999 by a study from Center on Wealth and Philanthropy of Boston College. Schervish and Haven’s report cited the oft quoted $41 trillion as the figure to be passed from one generation to the next in the United States.
The initial article and later research study served to focus my five year quest for a doctorate of ministry in stewardship studies (church fundraising). It also served as a touchstone for a career in fundraising.