Alice Walton just built a novel medical school that, in addition to the traditional medical school curriculum, promises a “whole-person approach” that is “rooted in art & wellness.” Mackenzie Scott (formerly Bezos) quietly invested her billions in education, arts, organizations that support and serve women, public health, immigration, diversity and affordable housing, as the Chronicle of Philanthropy and Levers for Change have reported. Joan Kroc donated $200 million to NPR (in 2003). All of these instances demonstrate the power of women’s inherited wealth for social impact.

Melinda French Gates is investing her billions in helping women and social impact, “to accelerate the pace of social progress using high-impact investments, philanthropy, partnerships, and advocacy to get more power in the hands of more people — especially women — in the U.S. and around the world,” according to her Pivotal Ventures website, She announced that “Decades of research on economics, wellbeing, and governance make it clear that investing in women and girls benefits everyone."

The rise of women’s sports reflects this premise too. Women’s sports is now “a burgeoning investment category from both seasoned sports investors to newcomers,” Sports Litigation Report declared recently. Female athletes, teams and their fans have a “values-first mindset, and prioritize brands that demonstrate integrity and social responsibility,” as my fellow Forbes contributor Claire Poole reported.

“An estimated $124tn is expected to change hands (globally) under the so-called ‘great wealth transfer’, with women set to inherit nearly 70% of that amount. Combined with rising educational attainment, stronger diversity and inclusion efforts, and ongoing progress in closing the gender pay gap, this moment signals a transformative rise in global female affluence.” Those are the words of Silvia Bastante de Unverhau – global philanthropy expert and Senior Advisor at LGT in Private Banker International.

Citing the Bank of America Institute’s report on women and wealth, CNBC said, “About $47 trillion is expected to be passed down to women in younger generations as inherited wealth,” as a result, “women will soon control more money than ever before.” McKinsey reports US women will have a $30 trillion opportunity by 2030.

Read the full article about the great wealth transfer to women by Joan Michelson at Forbes.