Across the country, and right here in Fond du Lac County, an extraordinary moment is unfolding.

Over the next two decades, trillions of dollars will move from one generation to the next in what is known as the Great Wealth Transfer. While this shift is often discussed in financial terms, it represents something much more meaningful: an opportunity to shape the future of our families, our values, and our community.

At the Fond du Lac Area Foundation, we see this moment as both a responsibility and an invitation to think intentionally about legacy, generosity, and lasting impact.

What Is the Great Wealth Transfer?

The Great Wealth Transfer refers to the vast amount of wealth accumulated by the Silent Generation and Baby Boomers that is now beginning to pass to younger generations—primarily Gen X, Millennials, and even some members of Gen Z.

This transfer is expected to occur over the next 20–25 years and will take many forms:

• Traditional inheritance after a loved one’s passing
• Lifetime gifts made for tax or planning purposes
• Charitable giving and legacy planning

While conversations about wealth transfer are often centered around finances, they are equally about values, purpose, and the kind of community we want to build for future generations.

Who Does It Impact?

The truth is this moment impacts nearly everyone.

If you expect to inherit wealth you may experience a significant shift in your financial life. For many, inheritance brings new opportunities but also new responsibilities and decisions.

If you plan to transfer wealth you have an important opportunity to decide how your assets will support your loved ones, and what kind of legacy you will leave behind.

If you care about your community the Great Wealth Transfer will shape the future of local nonprofits, schools, and services. How individuals and families direct their resources will determine how strong and vibrant our community remains.

Why Planning Matters

Planning for wealth transfer can feel overwhelming. It often requires us to think about difficult topics, including mortality and long-term financial decisions.

But there’s an important truth to remember: if you don’t create a plan, one will be created for you.

Without intentional planning, decisions about your assets may be guided by default legal processes rather than your personal values and priorities.

Taking time now to plan ensures:

• Your wishes are honored
• Your family is supported
• Your community can benefit from your generosity

How to Prepare for Giving or Receiving

• Build Financial Understanding: If you expect to inherit wealth, preparation starts with knowledge. Understanding budgeting, investing, and long-term planning can help you manage resources wisely and sustainably. A significant inheritance can change your financial landscape. Taking steps now, such as setting financial goals and strengthening your financial literacy, can help you navigate that transition with confidence.
• Understand the Bigger Financial Picture: Inherited assets can come with complexities, including taxes, income considerations, and long-term planning decisions. While every situation is different, it’s important to understand how inherited assets may generate income, be aware of potential tax considerations, and seek guidance from trusted professionals.
• Think Beyond the Financial Impact: Receiving or transferring wealth is not just a financial event, it’s a personal one. For some, it may mean reevaluating career or retirement plans, supporting causes they care deeply about, or creating new opportunities for family or community impact.
• Start the Conversation Early: For those planning to transfer wealth, open and honest conversations with family members can make a meaningful difference. Clear communication helps align expectations, reduce stress during difficult times, and ensure that your wishes are understood.
• Create a Plan That Reflects Your Goals: A well-designed plan allows you to direct your impact intentionally. This may include creating or updating a will or trust, naming beneficiaries, exploring charitable giving options, or establishing long-term philanthropic goals.

The Role of Philanthropy in the Great Wealth Transfer

One of the most powerful aspects of this moment is the opportunity to give back.

Many individuals and families are choosing to dedicate a portion of their wealth to causes that matter to them—supporting education, nonprofit organizations, and community initiatives that will benefit future generations.

At the Fond du Lac Area Foundation, we see every day how local generosity leads to lasting change:

• Expanding opportunities for students
• Strengthening nonprofit organizations
• Addressing community challenges

Philanthropy allows you to connect your legacy to the place you call home.

How the Fond du Lac Area Foundation Can Help

You don’t have to navigate the Great Wealth Transfer alone.

We are here to serve as a trusted partner helping individuals and families:

• Clarify their goals and values
• Explore charitable giving options
• Create flexible, personalized plans
• Ensure their legacy supports the community they care about

Whether you are just beginning to think about these decisions or are ready to take the next step, we are here to listen, guide, and support you.

Take the Next Step

The Great Wealth Transfer is more than a financial shift; it’s a defining moment for how we care for one another and invest in our shared future.

By planning with intention today, you can create a legacy that reflects who you are and what matters most.

We invite you to start the conversation.

Connect with our Donor Relations team to explore how we can work together: kayla@fdlareafoundation.com or 920.921.2215