The $1.6 trillion wealth transfer: could it save New Zealand’s charities?

Demand for charitable services in New Zealand is rising sharply but the level of funding is not matching it. Many charities are reducing services or shutting down as the nonprofit sector faces a nationwide funding crisis. With the upcoming great wealth transfer — an estimated $1.6 trillion is set to pass from baby boomers to their families. Could this historic shift in family wealth reshape charitable giving? supporting struggling social services and offer long-term sustainability options to NZ charities.

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