In a perfect world, parents would have a well-thought-out plan for wealth transfer, explain their intentions, and help their heirs learn their roles and responsibilities. But life doesn’t always unfold in an orderly way to provide such a roadmap. Sometimes, inheritors may need to step in to play a more active role so they can empower themselves with the knowledge and tools necessary to make the best decisions for themselves and their family’s legacy.
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Through interviews with dozen of donors, Legacy in Family Philanthropy: A Modern Framework, explores big concepts, such as how the ever-evolving idea of legacy relates to values-driven giving and a commitment to impact. While it offers an overarching framework and legal considerations, this companion workbook provides stories, practical tips, and discussion starters for families and donors.
Liesel Pritzker Simmons, principal and co-founder of Blue Haven Initiative, and her mom Irene Pritzker, president of the IDP Foundation, have built innovative family philanthropy efforts. In this Family Philanthropy Speaks episode, hear how Liesel and Irene have learned alongside one another while forging their own identities as impact investors and change agents.
Many business owners worry about how their success and wealth will impact their loved ones and the next generation. The fear behind it can hinder the ability of future generations to build on past success and even lead to family tension. To successfully move past the fear-based planning and toward a collaborative approach, five secrets and action items of successful families demonstrate how to effectively transfer the family wealth and values.
Understanding the development of family leaders plays an important role as new generations emerge. In this episode, Richard Joyner discusses the path it takes to become a family leader and how to develop the skills and experiences needed for success.
College graduation marks the start of a career with new responsibilities and decisions. It's an exciting time but can be filled with uncertainty. Having a game plan can help the transition from college to the "real world.” This piece provides a handy checklist—including tips on budgeting, establishing credit, and online security—for the recent college graduate.
Philanthropy is embedded in the fabric of wealth management. Whether it's the Silent Generation or Generation Z, each generation wants to make an impact through charitable giving. With each generation having its own set of beliefs and perspectives, it's important to bridge that gap and ensure that, as wealth passes through generations, the family values and legacies are not left behind.
Visiting colleges is a great way for a college-bound student to gain a firsthand view and help determine which college is the right fit. To make the most of each visit and as part of your education planning, get prepared with this guide that offers tips, checklists, and thoughtful questions to ask your admissions rep and current students about the academic programs, student life, and the campus.
Whether or not a college requires an interview as part of its application process, it’s highly encouraged to have one with an admissions representative or alum. These interviews are a great opportunity to ask questions and learn more about the institution. This guide with tips for success, sample questions, and a preparation checklist will help you make the most of your interviews.
Getting ready for college is an important part of any education planning. From 9th grade to 12th grade, these college preparation checklists provide a clear outline for parents and their high school children who want to know more about how to get ready for college. The first key step will begin with choosing the right courses in high school.