Milken Institute Strategic Philanthropy
Coverage of Milken Institute Strategic Philanthropy in the Nexus archive.
- Even as Elon Musk calls philanthropy ‘very hard,’ every day Americans gave a record $617 billion—despite feeling the squeeze over the cost of living
U.S. charitable giving reached a record $617.2 billion in 2025 despite inflation and economic pressures, driven by individual donations, foundation contributions, and increased bequests. The rise in bequests, linked to strong financial markets, signals the start of the Great Wealth Transfer, with $124 trillion projected to shift to younger generations by 2048.
- Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster
Children of billionaires are urging their parents to distribute wealth faster through philanthropy, as younger generations push for quicker and more impactful giving. The Milken Institute report highlights this shift, noting increased scrutiny of wealth inequality and a generational push to accelerate charitable commitments like the Giving Pledge.