Farhad Ebrahimi invites us all to reimagine the role of philanthropy—and both the opportunities and power it provides. After being gifted a significant amount of money, he and his sister founded the Chorus Foundation to tackle the global climate crisis.
Wealth brings with it some important questions, including the obligation to have an approach to managing it. For families of significant wealth, it primarily revolves around the requirement to develop an investment strategy that seeks to ensure the wealth is maintained for future generations.
Becoming a great beneficiary starts with having a great trustee. If a trustee devotes the majority of his or her time to administrative matters and managing investments, the wealth distribution process often gets the least attention when it ideally deserves the most.
Today, investors of all sizes are utilizing their capital to do good while also doing well. A multitude of impacting investing options are available for foundations, family offices, and individual investors to align their values with their investment portfolios.
Jill Shipley, Managing Director, Institute for Family Culture – Abbot Downing
Wednesday, August 15, 2018
What can I do to raise productive, responsible, generous and prepared inheritors or owners? How do I get the rising generation to get involved and engaged in learning so they are ready for their future roles and responsibilities?
Kelly and Isabel talk about how "finding their person" guided them along their philanthropic journey. In this family, each generation encourages the next by engagement, mentorship, and resilient family culture.
In family philanthropy we have the choice in how we define "family." In the case of the Quixote Foundation, family is defined as the people who are at the table because they care about each other and the issues—not because they share a biological connection.