/C O R R E C T I O N -- Bank of America Corporation/
PR Newswire•30/09/2026•09:17 ET
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Key Highlights
- ➤Gen Z and Millennial donors support 12 causes on average, versus eight overall
- ➤Gen Z and Millennial donors use charitable trusts at 47%, versus 5% for older generations
- ➤Wealthy Americans’ philanthropic succession confidence fell to 47% from 55% in 2024
- ➤Donor-advised fund users: 75% plan to increase contributions over the next three years
Expert Statements
Jennifer Chandler, Head of Philanthropic Solutions at Bank of America Private Bank
“Philanthropy is becoming increasingly multigenerational. Younger donors want to honor the charitable traditions that shaped them, but they also want to define their own impact. The opportunity for families is to engage the next generation early, creating a shared vision for giving while allowing room for new priorities and approaches.”
/C O R R E C T I O N -- Bank of America Corporation/ PR Newswire
In the news release, Bank of America Study Finds Gen Z and Millennial Donors Bring New Approach to Giving, issued 30-Sep-2026 by Bank of America Corporation over PR Newswire, we are advised by the company that changes have been made. The complete, corrected release follows, with additional details at the end: Bank of America Study Finds Gen Z and Millennial Donors Bring New Approach to Giving New Private Bank research finds younger donors are broadening where and how they give, even as confidence in philanthropic succession declines
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