MN pins hope on upcoming wealth transfer; historic 1% Club has "fourth generation" group it's shepherding into philanthropic tradition.
"Molly Thorpe was 13 years old when she was given $500, told to research charities and pick one to get the money. As she got older, Thorpe received more money from the family fortune to give away, lessons in philanthropy and, eventually, board-of-directors training. Now 25, the Minneapolis advertising analyst belongs to a generation of Americans receiving the largest transfer of wealth in our nation’s history. An estimated $43 trillion is predicted to change hands from baby boomers and their parents to the younger generations over the next 40 years." -- Jean Hopfensperger, the Minneapolis Star-Tribune
