"Old Money" refers to families or individuals who have inherited wealth that has been passed down through generations. This wealth often comes from established sources, such as land, investments, or businesses, and is typically associated with a certain lifestyle and social status. Old Money families are often seen as part of the upper class and may have a long history of social prominence. In contrast to "New Money," which refers to individuals who have recently acquired wealth, Old Money tends to emphasize tradition, discretion, and a sense of responsibility. Members of Old Money families often value education, philanthropy, and maintaining their family's legacy, which can include involvement in cultural institutions or charitable organizations like The Red Cross or The Metropolitan Museum of Art.