July 30, 1998

Charities Can Expect $1-Trillion From Transfer of Wealth, Researcher Estimates

By VINCE STEHLE

For years, fund raisers have anticipated a huge windfall from the "transfer of wealth" now under way as the parents of baby boomers die and dispose of their assets.

But no one has come up with a good estimate for how much of the total transferred -- which two Cornell University economists predict will be $10.4-trillion -- charities can realistically expect to receive.

Now, one researcher has posited a partial answer: Non-profit groups can count on getting about $1-trillion,

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