A study presented by a nonprofit group claims that from 2020 to 2030 that $37 billion will transfer from one generation to the next in Montana.
The “Transfer of Wealth” study from the Montana Community Foundation Inc. also claims that Montana’s total wealth is $290 billion and that if 5% of that $37 billion to be transferred was endowed, $1.85 billion could forever benefit Montana’s charitable groups, schools and communities.
It would produce $83 million annually.
The study, discussed at a recent Hometown Helena meeting, also found that the total household net worth would rise to $880 billion by 2070.
The report was completed in late 2022, but foundation officials said they are now focused on telling the story of how wealth generationally transfers in Montana.
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Mary Rutherford, president and chief executive officer of the Montana Community Foundation Inc., in an interview described Montanans as really generous people and discussed what she hoped the study would do.
“Our goal is to get