Networks - Rising Gen

When you think about family dynamics, very often there’s a lack of that home team concept and feeling of unity. Establishing that home team within your family early on offers the greatest opportunity for generational success and healthy family governance.

Some charitable organizations are established by a trust under a will, while others are established during the donor’s life. A charity is formed by a legal document—a charitable trust instrument or articles of incorporation for a nonprofit corporation.

Many acronyms and terms are associated with impact investing, including socially responsible investing (SRI), mission related investing (MRI), and environmental, social and governance (ESG).

Philanthropy is often described as society’s “risk capital.” Our generosity can support causes and ideas that business and government agencies cannot or will not. We can use our resources to inspire new ideas, challenge existing thinking, or continue supporting an organization when others won’t.

Do you have younger family members who are interested in learning more about whether being a family foundation trustee is right for them?

An influx of assets is a powerful transition point in philanthropy. With rising resources comes the budding potential to do more of what you’re already doing—or, perhaps, trying something new.

The passionate generosity of countless American families has inspired extraordinary gifts. What is most remarkable is the very phenomenon of American family philanthropy itself.

A family constitution—the rule book that defines the vision and principles of a family’s wealth strategy and acts as an operating model—should be as unique as the family itself.

Poorly structured family meetings that lack a clear purpose and agenda can do more harm than good. Failing to get buy-in from all family members can cause irreparable damage to relationships, despite the best of intentions.