What do you do when a windfall is dangled in front of you, just out of reach?
That's the challenge for charities in the wake of a new study that shows the United States will experience the greatest wealth transfer in its history.
The study by researchers at Boston College's Center on Wealth and Philanthropy, found that $59 trillion will be passed down to heirs, charities, taxes and estate closing costs. This is $7 trillion higher, in 2007 dollars, than a 1999 study by the center.
With this transfer, charitable giving could approach $27 trillion if growth runs at 2 percent, and exceed $40 trillion with a 3 percent growth rate.
"These estimates present an extraordinary opportunity for nonprofits today and in coming years," said center director Paul Schervish.