SMH
·general
·2 hours ago
Minister Andrew Leigh urges wealthy Australians to donate inheritances to charities
Australian Minister Andrew Leigh urged wealthier citizens to donate their inheritances to charities instead of passing them to their children, highlighting a projected $5.4 trillion intergenerational transfer. With charitable giving declining, Leigh aims for a doubling of philanthropic contributions by 2030. His comments come amidst a broader cost-of-living crisis and a shift among U.S. billionaires away from traditional giving norms.
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