“For those who have already begun to involve next generation family members,” says Sharna Goldseker, who works on multigenerational strategic philanthropy at the organization 21/64, “you probably have also experienced how the very act of involving the next generation changes the character of the foundation itself. The questions the next generation brings, language they use,... Read More
As one 20-something involved in her family’s philanthropy shared: [It] has given me the perspective that doing good can really be a lifestyle and not just a one- or two-time event. I think that, once you catch the bug of doing good for the world, it doesn’t just stop with philanthropy. It molds the way... Read More
Role for our purposes is not your position as president or committee chair; rather, it is how you choose to behave to match the needs of a situation. Everyone holds multiple roles, adopting them almost without thinking. For example, parents play an impressive list of roles in situations with their children: confidante, disciplinarian, advocate, chauffeur.... Read More
Whatever your family’s goals for its giving, these tools and practices can help along the way. Working with consultants Beyond tax, legal, and investment matters, consultants can help your family in a variety of areas, including: Strategic planning, such as crafting a mission statement or planning for evaluation Board development, such as creating policies or... Read More
As the sole staff person of her family’s foundation, the Patrick Carney Foundation, Kate Larisa’s job has its share of challenges. Even if you’re part of the family, staffing a foundation can be lonely work. “I found it essential to form relationships with others and not be afraid to ask for help,” says Larisa. “If... Read More
Five years ago, Sy Schwartz announced to his three grown children in their fifties that he wanted them to start giving money away. He would supply the family foundation with $175,000 for them to give collectively. If they did a good job and got along well, the money would increase the next year. Schwartz was... Read More