{"version":"1.0","type":"rich","provider_name":"Acast","provider_url":"https://acast.com","height":250,"width":700,"html":"<iframe src=\"https://embed.acast.com/$/64558952edc160001121ec0b/6a68078f35a551238aa44c4c?\" frameBorder=\"0\" width=\"700\" height=\"250\"></iframe>","title":"E145: How Much of the Great Wealth Transfer Could go to Climate?","description":"<p>Philanthropic director <strong>Abby Axelrod-Wunderman</strong> of Fiduciary Trust International joins Molly Wood to talk about the overlooked role of philanthropy in funding climate solutions. Even though only a tiny share of global giving currently goes toward climate, Abby explains why that definition is expanding to include health, resilience, infrastructure, food systems, education, and community well-being—and how younger donors and the great wealth transfer could shift priorities. They dig into donor-advised funds, private foundations, unrestricted giving, climate as a lens across issue areas, and why philanthropy can act as catalytic capital by taking early risks that government and business often can’t.</p><p><br></p><h3><strong>In this episode, we cover:</strong></h3><ul><li>Why climate philanthropy still receives only a small fraction of total global giving, even as climate impacts touch nearly every other issue area</li><li>How wealth advisors help donors connect their values to climate-related giving through health, education, food, agriculture, resilience, and infrastructure</li><li>Abby’s path into climate philanthropy through a family foundation in South Florida, where the conversation has shifted from “is climate change real?” to which solutions can scale</li><li>Why philanthropy cannot solve the climate crisis alone, but can act as catalytic capital by piloting ideas, funding advocacy, and taking early risks</li><li>How donor values, timelines, resources, and risk tolerance shape philanthropic strategy</li><li>Fundable climate strategies Abby sees gaining traction, including clean energy, batteries, methane, food systems, conservation, restoration, resilience, public engagement, and education</li><li>Why younger generations are often initiating climate giving conversations—and how those interests can pull older generations into the work</li><li>How donor-advised funds work, why they can be simpler than private foundations, and why some donors value the ability to give anonymously</li><li>The debate over whether donor-advised funds can become “holding cells” for charitable money—and how education and advising can help move funds out the door</li><li>The difference between restricted and unrestricted grants, and why flexibility and long-term support are especially important for climate-vulnerable regions</li><li>How modern philanthropy may be moving toward a hybrid model that combines rigorous due diligence and metrics with trust-based, flexible giving</li><li>Why the great wealth transfer, AI wealth creation, and a new generation of donors could create a major opportunity to move more money into climate solutions</li><li>How to tell the broader climate story: climate is not a niche issue, but a lens through which to understand health, education, infrastructure, migration, air quality, heat, and community resilience</li></ul><p><br></p><h3>Links:</h3><ul><li>Fiduciary Trust International: <a href=\"https://www.fiduciarytrust.com/\" rel=\"noopener noreferrer\" target=\"_blank\">https://www.fiduciarytrust.com/</a></li><li>Everybody in the Pool: <a href=\"https://www.everybodyinthepool.com/\" rel=\"noopener noreferrer\" target=\"_blank\">https://www.everybodyinthepool.com/</a></li><li>Subscribe to the Everybody in the Pool newsletter: <a href=\"https://www.mollywood.co/\" rel=\"noopener noreferrer\" target=\"_blank\">https://www.mollywood.co/</a></li><li>Become a member for the ad-free version of the show: <a href=\"https://everybodyinthepool.supercast.com/\" rel=\"noopener noreferrer\" target=\"_blank\">https://everybodyinthepool.supercast.com/</a></li><li>Join our Discord: <a href=\"https://discord.gg/2EsDhwQC2z\" rel=\"noopener noreferrer\" target=\"_blank\">https://discord.gg/2EsDhwQC2z</a></li></ul>","author_name":"Molly Wood"}