Billion-dollar charitable donations and pledges from the likes of Bill Gates, Warren Buffett and now Mark Zuckerberg have been big news in recent years. But under the radar lie millions more–over five million, according to Nielsen–retired and soon-to-retire “affluent” households with net worth of $1 million and above.
Not surprisingly, many will leave the vast majority of their wealth to children, grandchildren, family and friends. However, some will choose to also leave more than a token amount to religious organizations, educational institutions and other favorite charities. This is where things will get interesting.
Read the full article at The Wall Street Journal.