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The Boston Globe


Boston’s rich expected to donate large sums

In 50 years, area gifts may total $1 trillion

Despite an enormous loss of wealth during the Great Recession, Boston-area families and estates are expected to donate a massive sum to charities over the next half century, perhaps eclipsing $1 trillion, according to a new study commissioned by the Boston Foundation.

The report, based on research by Boston College’s Center on Wealth and Philanthropy, found that the recent recession erased about $350 billion in assets that were likely to flow to charities by 2061.

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