Women are at a historic moment financially. In 2020, McKinsey reported that by 2030, $30 trillion of assets would be passed down into the hands of women—called “The Great Wealth Transfer.” For the first time in history, women will have a serious seat as a cohort to make financial decisions and donations.
As wealth and power increasingly grow in the hands of a few, it is clear how the world of philanthropy has been overwhelmingly shaped and guided by men. However, with today’s pressing global challenges—from economic inequality to climate change—if women philanthropists don’t step up now, when will they? It’s time for women to not just participate, but to lead with bold, transformative giving.