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Families blessed with significant financial resources can make an amazing and long-lasting impact on the world. But that wealth can also lead to disagreements, grudges, and hurt feelings. Trying to
Moving from home to college is a rite of passage which requires teenagers to assume more responsibility for their actions and parents to respect their child's budding independence. Before college
College years can be an exciting time for young adults as they get their first taste of independence and being self-sufficient. However, the responsibilities of coming of age also comes with
Evidence suggests that good communication is a cornerstone of successful wealth transfer among families and those family meetings are a good platform for communication. Is there such a thing as “bad
Every family is challenged to find ways to engage the rising generation in learning about the family enterprise and how to live well with their wealth. Those who have had the most success have found
As the rapidly changing world brings forth new challenges, philanthropy is undergoing profound transformation. Yet shifting attitudes toward philanthropy, intense debates about power and
When initiating charitable work, it is important to remember that a foundation is also a business that requires developed governance practices. As Bill Gates said, “Effective philanthropy
The headlines were hard to miss: wealthy parents and coaches indicted on federal charges in a college admissions bribery scheme. Over 50 people, parents and higher education professionals, were
Wealth coaching is essentially the study of one’s relationship with money and wealth. We all have a relationship with money, and through money messages that we learned at an early age, this
Doug Balfour, author of Doing Good Great: An Insider’s Guide to Getting the Most Out of Your Philanthropic Journey, and Pat Armstrong of the Abbot Downing Institute for Family Culture discuss