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The transfer of intergenerational knowledge and wealth is a powerful tool!
Let's use it to close the wealth, equity and access gaps for People of Color and Women.
Our Mission
We’re empowering people of color and women to reinvest resources into future generations as a strategy to win against systemic disinvestment.
Our Vision
To live in a world where equitable outcomes, privilege and access are the rule in communities of color.
We're Here Because It's Necessary To Have Inclusive Privilege.
Wealth, equity and access gaps still persist in America today. These issues were forced upon people of color through a history of racism and unjust laws that blocked families from ownership, education, healthcare and human rights. Instead of passing down assets and wisdom, most people of color were left to pass down struggle and disadvantages.
Fifth Generation League wants to see every person of color and every woman transfer an advantage to the next generation. We are dedicated to equipping communities with tools to build future opportunities through wealth and knowledge based inheritances. Passing down ownership, legacy, leverage, income and equity, from one person to the next, acts as a building block to help close those gaps.
Fifth Generation League is a 501c3 nonprofit organization. Tax ID#:
We are doing something to improve these dismal statistics.
26%
Intergenerational wealth transfers explain 26% of the wealth gap.
*Quantitative Analysis
77%
of Black people do not have a will.
*ConsumerReports.org
10X-18X
White Americans hold 10X more total wealth than Blacks and 18X more than Latinos.
*Rand.org
82%
of Hispanic people do not have a will.
*ConsumerReports.org
5X
Black families are 5X less likely than white families to receive a sizable inheritance.
*Bloomberg
++
Black wealth is increasing but so is the racial wealth gap.
*Brookings.edu