The ‘great wealth transfer’ is producing a new generation of funders looking for innovative ways to drive change
As the first baby boomers turn 80, a historic $82 trillion wealth transfer is underway, reshaping not just who holds wealth, but how it is used. What could reinforce inequality also presents an opportunity, as a new generation of funders looks for more effective, collaborative ways to create impact. “The next generation of funders really gravitate towards that model,” says Hilary Pennington, Chair of the Co-Impact Board of Directors.
Collaborative philanthropy (where donors pool resources and back bold, long-term solutions) is gaining momentum. Co-Impact is at the forefront of this shift, mobilizing over $830 million to support locally rooted initiatives across Africa, Asia, and Latin America. This piece features partners driving systems change through innovation and technology, including ImpulsoGov in Brazil, Harambee Youth Employment Accelerator in South Africa, the Billion Readers (BIRD) initiative in India, and the Gender Mobile Initiative in Nigeria. As Olivia Leland, Founder and CEO of Co-Impact notes, these partners exemplify how “we have reached a point where large-scale progress is no longer theoretical; it’s demonstrably achievable.”
At its core, the ambition is clear: “It’s about trying to fix these problems at the scale of the problem,” says Co-Impact President Awo Ablo.
Find out more about how this model is driving lasting impact around the world.