Passing down knowledge and resources across generations is a powerful force.

Let’s harness it to close the gaps in wealth, equity, and access for People of Color and Women.

5X

Black families are five times less likely than white families to receive a sizable inheritance. When they do, the amount is still typically three times lower on average than what white families receive. This disparity has contributed to Black Americans falling behind in wealth accumulation while white generational peers are empowered to move towards further economic stability and advancement.

The Facts.

Generations of systemic inequality, combined with limited opportunities to pass down knowledge and wealth, have left Black families and women with fewer advantages and a wider gap in access to high-impact opportunities.

Why Does This Matter?

Inherited wealth plays a pivotal role in advancing the economic launch point for future generations.

The Shift.

We’re striving to change these dismal statistics by passing down knowledge and assets that will elevate families for generations.

26%

One potential source of the wealth gap is differences in the intergenerational transfer of wealth, either through bequests to heirs or through transfers among the living. Using a statistical decomposition, the 1997 paper "Black-White Wealth Inequality: Is Inheritance the Reason?" estimated that inheritances account for 10 percent to 20 percent of the wealth gap. More recently, simulation analyses in the 2020 paper "Can Income Differences Explain the Racial Wealth Gap? A Quantitative Analysis" indicated that intergenerational wealth transfers explain 26 percent of the gap.

Inclusive Privilege is Essential.

Founded in 2024, Fifth Generation League is dedicated to rewriting the story of generational opportunity in America.

For far too long, communities of color have been systematically denied ownership, education, healthcare, and basic human rights—the very cornerstones needed to build a secure future and resilient foundation.

We exist to change that. We envision a future where every person of color and every woman can pass down advantage, not adversity.

At Fifth Generation League, our focus is on our five pillars- OLLIE: Ownership, Leadership, Longevity, Insight, and Education— because these are the forces that create stability and empowerment. When families have access to these pillars, they gain the tools to build wealth, strengthen their voice, and establish legacies that last for generations.

Fifth Generation League is a 501c3 nonprofit organization. Tax ID#: 99-1098128

Our Mission

We empower communities of color to build bridges for future generations—transforming legacy into wealth, wisdom, and opportunity as leverage in the fight against systemic disinvestment.

Our Vision

Communities of color command privilege and access as the standard, where equitable outcomes are inevitable, and every barrier is dismantled.