Chart of the Month – November 2026

Charitable Giving as a Family Conversation

Affluent families are increasingly making charitable giving a shared decision. In 2024, 46% of affluent households made all giving decisions jointly with their spouse or partner, while another 11% of couples made at least some decisions together¹.

Fewer families are bringing the next generation into these conversations. Only 13% involve their children, grandchildren, or other younger family members in charitable decisions¹. That gap presents an opportunity for families to share their values and involve the next generation in decisions about wealth.

Affluent families reportedly expect to leave 75% of their estates to their children and grandchildren¹. Involving the next generation in charitable giving can be a practical way to prepare them for the financial decisions and responsibilities that come with wealth.

Methodology:

The 2025 study is based on a nationally representative sample of 1,514 wealthy U.S. households with a net worth of more than $1 million (excluding primary residence) and/or annual household income of $200,000 or more. Respondents reported an average net worth of $24.2 million (median $2 million) and an average income of $571,876 (median $350,000).

Source:

¹ 2025 Bank of America Study of Philanthropy: Charitable Giving by Affluent Households; https://www.privatebank.bankofamerica.com/articles/bank-of-america-study-of-philanthropy.html; accessed 10/9/2026.