The great transmission: a historic opportunity for the public interest

A Silent but Massive Dynamic

Ernest-Barthélémy Michel, Sketch for the Church of Saint-Nicolas-des-Champs: Saint Martin sharing his cloak

Saint Martin sharing his cloak: a symbol of generosity and solidarity. Today, this image invites us to reflect on how the transmission of heritage can serve the collective interest.

For the past twenty years, France has been undergoing a quiet yet significant transformation: that of wealth transmission. Between 2000 and 2020, it is estimated that between €2,600 billion and €3,000 billion have been transferred through inheritances and donations.

In 2022, according to data from France Générosités, charitable bequests and donations amounted to €1.271 billion, representing just under 0.7% of total transmissions for that year.

Hypothesis: If this 0.7% ratio remained relatively stable over the past two decades, then bequests and donations to associations, foundations, and churches would have represented approximately €20 billion over this period. While this is a substantial sum in absolute terms, it remains marginal when compared to the overall volume of wealth transmitted.

Recent work by Jérôme Fourquet and Marie Gariazzo Sylvain Manternach, published by the Jean-Jaurès Foundation, signals an unprecedented “great transmission” event: nearly €9,000 billion in wealth is expected to change hands by 2040, primarily from baby boomers to their heirs. This wealth pool has no equivalent in the contemporary history of our country.

If the 0.7% share remains unchanged, this would equate to approximately €63 billion for associations and foundations over the next twenty years. In other words, a tripling compared to the previous twenty years. This is significant, but still very modest relative to the total wealth being transmitted.

We attempted the projection exercise, undoubtedly a risky endeavor, but a necessary one to visualize the stakes. The chart below presents a plausible distribution of this transmission to organizations with a public interest, considering demographic dynamics: 30% of the wealth will be transmitted between 2022 and 2031, and 70% between 2032 and 2041. This non-linear assumption reflects the inevitable acceleration of deaths among the baby boom generation and the concentration of wealth over the next two decades.

This scenario leads to a gradual increase in flows, from €1.271 billion for organizations of general interest in 2022 to over €2 billion per year at the start of the 2030s, and then exceeding €4 billion by 2040.

Projected bequests and donations to non-profit organizations (2022–2041)

This projection paints a contrasted landscape. On one side, a predictable and rapidly growing resource. On the other, a relatively small share in relation to the total wealth transmitted. The challenge for public interest actors is therefore twofold: to capture their share of this transmission and, more importantly, to convince people that a bequest is not a secondary gesture, but a true societal choice.

Because beyond the numbers, the question is existential: how much of our collective wealth do we want to dedicate to the common future? Humanitarian, healthcare, social, and environmental challenges require greater funding. Bequests could become one of the major levers for this financing if an effort is made in education, trust, and recognition.

To achieve this, several conditions are necessary:

  1. Value the social impact of bequests, showing that everyone, regardless of their wealth, can inscribe their name in a history greater than themselves.

  2. Strengthen the culture of giving in France, still marked by family discretion and the low public valuation of testators.

  3. Support baby boomers in their wealth reflection, through clear, respectful, and professional dialogue between associations, notaries, and families.

  4. Ensure the transparency and effectiveness of beneficiary organizations, so that trust translates into tangible commitments.

The “great transmission” is not just a demographic phenomenon. It is a cultural and political event, in the noble sense of the word: the allocation of our collective wealth between private interests and the common good.

By 2040, it will be too late to realize that the opportunity was missed. Action must be taken today to ensure that the share of public interest in inheritances is not doomed to remain marginal. Making bequests a reflex is preparing a future where our solidarities will meet the scale of the challenges.

[1] https://www.francegenerosites.org/chiffres-cles/

[2] https://www.jean-jaures.org/publication/la-roue-de-la-fortune-constitution-et-transmission-des-patrimoines-dans-la-france-contemporaine/ 

Antoine Vaccaro :

He holds a PhD in Organizational Sciences – Management of Non-Market Economies from Paris-Dauphine University. After a career with major non-governmental organizations and communications groups, such as the Fondation de France, Médecins du Monde, and TBWA, he now chairs Force For Good and Cerphi (Center for Study and Research on Philanthropy).

He also holds various administrative positions within associations and has co-founded several professional organizations promoting private funding for causes of general interest, including the Association Française des Fundraisers, Euconsult, and the ESSEC Chair of Philanthropy. He has also contributed to the drafting of the code of ethics for organizations that appeal to public generosity.

Finally, he is the author of several books and articles on philanthropy and fundraising.

A host of challenges for the humanitarian sector.

© WHO In February 2025, before the ceasefire broke down, Palestinians displaced in southern Gaza were returning en masse to the north of the enclave.

In this editorial, I seek to name and understand the upheavals currently underway.

This article is neither exhaustive nor definitive. Its aim is to explore new situations in order to adapt the humanitarian response. It draws on numerous sources.
As we did before with our series of articles “humanitarian questions”, I invite you to join the debate by sending us your testimonies, analyses, and perspectives at contact@defishumanitaires.com

Challenges converging.
A change of era.

We are experiencing a decisive shift in the political and geopolitical era—some even call it civilizational. Whatever one thinks, populism is advancing globally in various forms, accompanying the collapse of the international order established after the Second World War.

This includes the rise and assertion of power by Russia, China, Turkey, and the Global South in all its diversity. As Giuliano da Empoli said, “Trump is not a historical accident or a fit of madness—we are tipping into a new world.” What is this new world, and what will be the role and place of humanitarian action within it?

BRICS meeting in Kazan, Russia, from 22 to 24 October 2024

Aid funding in decline!

The funding of international humanitarian aid is a reliable indicator of trends and the priorities of UN member states. And funding is collapsing—no one knows when or how it will stabilize. It’s easy and somewhat fair to blame the abrupt freeze on all aid by the Trump administration and the dismantling of USAID.

However, many European countries were ahead of the United States with massive budget cuts—in the UK, Germany, France, the Netherlands, Belgium, and almost everywhere else to varying degrees, with the exception of the European Union.

Official Development Assistance (ODA), OECD

The reasons vary depending on whether we’re talking about humanitarian aid or development assistance, which fall under Official Development Assistance (ODA). Beyond doubts about aid effectiveness and the rising call for productive investments, the primary reason today is the priority placed on security in the face of the serious risk of the war in Ukraine spreading across Europe. The second reason lies in the state of public finances, national debt, and ongoing tariff wars. Defending one’s freedom, independence, and sovereignty has become a vital priority in the face of mounting threats.

With what consequences?

What will be the human and political consequences of dwindling humanitarian funding? According to OCHA, in 2025, 305.1 million people will require humanitarian aid, but only 189.5 million have been targeted across 72 countries to receive assistance estimated at $47.4 billion.

UNHCR Global Trends Report 2024, 9 October 2024.

However, in 2024, of a $49.6 billion budget, only $21.2 billion was raised—just 43% of the required amount! What will 2025 look like with ODA in free fall?

Among these at-risk populations were 122.6 million forcibly displaced people as of June 2024. Recall: 51.23 million in 2013, 89.27 million in 2021—and the numbers are expected to continue rising. Will we abandon internally displaced people and refugees? What will be the human, migratory, and political fallout from such disengagement?

For instance, in the Democratic Republic of Congo, insufficient funding forced the shutdown of a severe malnutrition treatment program for 220,000 children under 5.

UNICEF DRC Dubourthoumieu

2024 was the deadliest year for humanitarians, with 281 killed—63% in Gaza and the West Bank, mostly nationals. Will we now say to humanitarians: “Take the risks, you’re on your own”?

As a French citizen, I am personally convinced
that we must prepare for a possible expansion of the war in Ukraine in order to contain it—and thus secure peace. And if this does not prevent war from being imposed on us, then we must declare it, fight it, and win it.

What I fail to understand is this: in a world where military budgets total $2.4 trillion, and banking sector profits stand at $1.1 trillion, how is it not possible to find $47 billion to save lives, stabilize countries, and revive development and trade that benefit everyone?

Short-sighted selfishness will catch up with us—and cost even more!

Ukraine and the return of war.

Since February 24, 2022, the war in Ukraine has shattered the principle of inviolable borders and shown that war is once again a conceivable means of resolving conflict. It has killed and wounded hundreds of thousands of Ukrainians, displaced millions, and destroyed much of the country and its infrastructure—not to mention Russian losses. The war consumes enormous resources, yet they remain insufficient from Ukraine’s allies.

I’m not convinced we truly grasp the risks and consequences of a potential expansion of this conflict to other frontline countries in Europe—and possibly to us through a domino effect! Let’s be clear-eyed: Vladimir Putin has declared a long-term war against us, supported, tolerated, or ignored by many Global South nations. And if Donald Trump chooses to end U.S. support for Ukraine, the risk of war in Europe would only grow. European countries, however, are not yet prepared for such a scenario. Let’s hope it never comes to pass and that a ceasefire, then a settlement, brings this war to an end.

Yet even if full-scale war isn’t certain, it’s entirely possible. Some experts believe it has already begun—through cyberattacks, propaganda, disinformation, rearmament, and a mobilization of public will. How will humanitarian actors respond to this threat? What could they do if war comes to Europe? What would happen to humanitarian principles of humanity, impartiality, and independence in such a scenario?

And what about Europe?

Among the world’s top three humanitarian donors, along with the U.S. and Germany (which has slashed much of its aid budget), the European Union remains. At the recent European Humanitarian Forum (EHF) on May 19–20 in Brussels, the European Commission appeared to reassure humanitarian actors—yet never addressed the “elephant in the room”: shrinking budgets.

The agenda was technically sound: ongoing crises, cooperation, coordination, humanitarian diplomacy, the nexus, national actors, climate impact. But it deliberately avoided tackling the decline in ODA and its consequences for humanitarian work. Business as usual! Nevertheless, voices such as VOICE on these issues, UNRWA on Gaza, and informal hallway conversations raised the alarm.

Ursula von der Leyen confirmed the DG ECHO humanitarian budget of €2.5 billion, including the emergency aid reserve (€580 million), in line with the 2021–2027 Multiannual Financial Framework (€11.569 trillion).

This framework is truly strategic, and discussions are beginning for the 2028–2035 cycle.

Here lies the decisive issue! Given the budgetary constraints of EU member states, will the Commission’s budget be sufficient—and how will it be allocated?

Former EU Humanitarian Commissioner Janez Lenarčič rightly emphasized the need for assertive humanitarian diplomacy to preserve humanitarian space, which must now address the question of funding—without which, access to at-risk populations is impossible.

The current Commissioner, Hadja Lahbib, set out a roadmap: We must focus on two areas: first, increase funding, broaden the donor base, and work more efficiently. Second, we must reduce humanitarian needs, often caused by conflict and climate crises.

UNRIC. During the session on the Middle East, attended by Hadja Lahbib, European Commissioner, and Philippe Lazzarini, Director of UNRWA, at the European Humanitarian Forum on 20 May 2025 in Brussels.

I fully support this—but we must reframe the European humanitarian issue within the broader challenges the EU faces: internal cohesion, the war in Ukraine and its potential expansion, trade wars with the U.S. and China, and weak, naïve governance amid a world reverting to jungle law. The Europe of nation-states cannot avoid a political aggiornamento (renewal) if it wishes to defend its very existence and role.

The UN in turmoil.

Donald Trump’s early decisions confirmed the decline of globalization and multilateralism, shaking the UN—which is being forced to adapt. Payment delays by the U.S., China, and others threaten a potential $1.1 billion deficit by year-end.

To mark the UN’s 80th anniversary, António Guterres launched the H80—or UN80—initiative in March 2025 to urgently reform the organization amid falling funding.

The UN must now cut costs, consolidate its agencies into four clusters—peace and security, humanitarian affairs, sustainable development, and human rights—reduce its workforce by 20%, and relocate to more affordable cities. This real austerity drive will have operational consequences yet to be fully grasped.

OCHA is contributing with its “Humanitarian Reset” led by Tom Fletcher, launched March 10 and based on a 10-point reform. In brief: prioritizing national actors, context-specific adaptation, prioritization planning, integrated reforms, joint advocacy, bold efficiency measures, field redeployment for emergencies, resource and service pooling, simplified clusters, and a more strategic, high-performing “integrated planning framework.”

Necessity dictates—but what are the consequences for aid and for national and international humanitarian actors who must prepare for these shocks?

While we now know OCHA’s “humanitarian reset,” what about NGOs in their diversity and coordination mechanisms? How will they come through this ordeal?

Humanitarian strengths and weaknesses.

Let’s begin with a brief—too brief—introspection of the humanitarian sector, which we too rarely undertake. But now is the time to dig deeper, both in its flaws and strengths, to reshape humanitarian action for this new world.

Humanitarians often see themselves as belonging to the “good” side, judging others from a perceived moral high ground. They also tend to see nations, empires, or ethnic communities through the lens of NGOs—a grave mistake.

Humanitarians view the world as one global humanity, which is true—but without sufficiently recognizing its diversity, which is both a richness and a source of differences.

Above all, humanitarian action is an existential act to aid any person or population in peril. This cross-border solidarity is more relevant than ever. Humanitarianism isn’t the answer to everything—but without it, what would be the daily fate of those in danger? Every day, around 550,000 humanitarians work to assist 190 million people—men, women, and children—who actively contribute to mutual aid as fellow human beings.

The greatest frustration and limitation of humanitarian work is the inability to help everyone in urgent need. Obstacles abound—from access denial to falling funding.

Crises abound—in the DRC, the Sahel, Yemen, Ukraine, Sudan, Haiti, and Gaza, the latter being the horrifying emblem of the unthinkable becoming routine.

Why did pediatrician Alaa Al-Najjar lose nine of her ten children—Yahya, Rakan, Eve, Jubran, Raslan, Rifan, Sidine, Louqman, and 7-month-old Sidra—in a single airstrike on May 24 in Khan Younis? Only her husband and one child survived. Why?

With its pogrom on October 7, 2023, and the abduction of 251 hostages, Hamas triggered a spiral of endless violence with Israel. As of April 30, 2025: 52,400 deaths (including combatants), 118,014 wounded. By the end of 2024, 87% of housing was damaged or destroyed, over 80% of businesses lost, and two-thirds of roads unusable! As if that weren’t enough, a full humanitarian blockade was imposed on March 2, 2025. Famine is now weaponized—violating international law.

To calm international outrage and limit aid diversion by Hamas or gangs, Israel bypassed competent humanitarian organizations in favor of an ad hoc body: the Humanitarian Foundation for Gaza. Its first distributions ended in chaos, death, and injury.

These ongoing destructions and the blockade seem aimed at the deportation of all or part of Gaza’s population. What do we call that? Is a political solution still possible? Let’s hope the upcoming meeting on Palestine at the UN General Assembly in New York (June 17–20), co-organized by France and Saudi Arabia, will answer that.

In conclusion.

As we publish issue 100 of the Défis Humanitaires online journal, current events reaffirm its value to the humanitarian community and its partners by:

  • Promoting humanitarian action

  • Analyzing the cause-effect link between geopolitics and humanitarianism

  • Documenting the major challenges ahead

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Thank you for your attention, your loyalty, and your support.

Alain Boinet

I invite you to read the articles published in this issue: