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FAMILY GIVING NEWS:
RAISING
PHILANTHROPIC CHILDREN
April 2003, Volume 3, Issue 4
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UP FRONT...
RAISING RESPONSIBLE CHILDREN IN AFFLUENT FAMILIESSPOTLIGHT ON...
TEACHING PHILANTHROPY TO YOUR CHILDRENWHAT'S NEW AT THE NATIONAL CENTER:
NEW BOARD MEMBERS AND SPECIAL PUBLICATIONS COLLECTIONSSPOTLIGHT ON...
STRATEGIES AND TOOLS FOR GRANTMAKERSSPOTLIGHT ON...
GIVING TRENDS AND OTHER NEWS
Along with supporting good causes and providing estate planning options, raising philanthropic and responsible children is one of the most important reasons for establishing a family philanthropy.
Passing along a tradition and ethic of giving to one's children is neither simple nor assured. Children today are pulled in an ever-increasing number of directions, and society at large often encourages them to look for immediate gratification in their decisions and activities. Teaching the practices of philanthropy and responsible financial behavior to your children is a central and in many ways lifelong parenting role. In this issue of Family Giving News we share a number of selected resources to help you in this work.
Two of these resources feature new members of the National Center for Family Philanthropy's Board of Directors. Charles Collier is senior philanthropic advisor for Harvard University, and author of Wealth in Families. In this month's section on Raising Responsible Children in Affluent Families, we feature an interview with Mr. Collier from Harvard's website on "Dealing Effectively with Your Family's Wealth." Elizabeth Andrus is trustee of the Surdna Foundation and one of the founders and leaders of the Andrus Family Fund. In 2001, National Center Contributing Editor Deanne Stone worked with Andrus and other members of her family to develop a profile of this fund, Sustaining Tradition: The Andrus Family Philanthropy Program. This month's section on Resource Reminders features a link to Ms. Andrus' foreword to Sustaining Tradition, where she describes the motivation and rationale behind establishing this truly special family philanthropic fund.
For additional information on developing your own family profile, please contact us at 202.293.3424 or via email at ncfp@ncfp.org. We hope that you enjoy this month's edition of FGN, and as always we look forward to your feedback and suggestions for new topics!
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UP FRONT...
RAISING RESPONSIBLE CHILDREN IN AFFLUENT FAMILIES
Children in affluent families often face special challenges in managing and understanding the role of money within their lives.
New NCFP Board member and Harvard University Senior Philanthropic Advisor Charles Collier describes these challenges as follows: "Significant financial wealth (and the messages and modeling around that wealth) has the potential to curb motivation and isolate children from the real world... families with high net worth need to think seriously about sending positive messages concerning money to their children, modeling responsible uses of wealth, and undertaking a program of financial education tailored to each family member."
This issue of FGN shares several resources to assist you in sending appropriate messages and modeling responsible behaviour, from a variety of sources including Children Today, Families First, Trusts and Estates, and Bloomberg Wealth Manager.
Dealing Effectively with Your Family’s
Wealth:
An Interview with Charles W. Collier
Source: Harvard
University
This interview with long-time senior philanthropic adviser Charles Collier introduces the key themes addressed in Collier's book, Wealth in Families, including how the awarenesss of significant wealth can affect children.
"Raising children in the context of substantial financial resources can create additional challenges in helping to develop competent, responsible citizens," says Collier in the interview. "Significant financial wealth (and the messages and modeling around that wealth) has the potential to curb motivation and isolate children from the real world. I believe that families with high net worth need to think seriously about sending positive messages concerning money to their children, modeling responsible uses of wealth, and undertaking a program of financial education tailored to each family member."
Allowance
Tips: Good Money Management Begins with an Allowance
Source: The Family
Education Network
Raising Financially Savvy Kids
Source: Children
Today
These two short articles from the National Parents Teachers Association and Children Today provide guidance to the question, "How Much Allowance Is Appropriate?" and provide suggestions for how to create habits of giving and good money management among your children, including:
Encourage your child to allocate a portion of their allowance to charity;
Teach children to save, and encourage them to allocate a percentage of their allowance to savings;
Encourage entreprenuerial behaviour;
Never reward good behavious with tangible gifts - "goodness is its own reward;"
Do not compensate your children for your own deprivation as a child
Raising Responsible Children Of Wealth
Source: Trusts and
Estates
How can you prepare your children for the social and financial responsibilities of wealth? What behaviors can you exhibit to help with this preparation? "Teaching wealthy children to be responsible and productive requires that parents take a long-range view," write the authors, Helene Stein and Marcia Briar. "Crucial elements to this approach are setting appropriate expectations for (your) children, giving your children increasing responsibility as they grow, and talking openly with your children about money and the duties that come with it." The article focuses on the need for a child to grow into his/her role as a contributing citizen of society, and the importance of a parent's everyday actions in helping to guide that growth.
Raising
Children in Affluent Families
Source: Families
First
This pragmatic and insightful list of tips from Families First includes a number of suggestions for raising children in affluent families, including, among others:
Set clear and appropriate limits;
Help children develop coping skills for dealing with down time and avoid over scheduling;
Separate your own ambitions for your children from their unique abilities as individuals;
Build a sense of responsibility in children and help them make the connection between work and rewards; and
Clarify your values and priorities and try to ‘step back’ from the pressure to acquire
When
Enough is Enough
Source: Bloomberg
Wealth Manager
This article from Bloomberg Wealth Manager magazine is designed to help advisors preparing for a conversation with their clients about how and when to leave their money to their children. “Preparing for a future you won’t be around to affect is hard enough," notes the article. "Add the histories and emotional encumbrances that all clients—and advisers—come with, and it’s no wonder many advisers find this one of the most complex, and often painful, conversations they ever have with a client.” The article provides suggested techniques for preparing and carrying out these conversations, as well as unexpected roadblocks that may come up along the way.
Investing
In Youth
Source: Merrill
Lynch
This extensive collection of activities, worksheets, videos, and games was created to help young children and teenagers learn to budget, save, and understand responsible money management. Included are suggestions for adults to help teach their children about these and related topics.
See Resource Reminders below for additional resources on raising responsible children!
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SPOTLIGHT ON:
TEACHING PHILANTHROPY TO YOUR CHILDREN
One of the best ways to teach responsible financial
behaviour to your children is to talk about and encourage philanthropy and volunteerism.
Giving and volunteering allow a child to connect meaningfully with others, and provide
them the chance to learn more about important causes and issues that they may become
connected to throughout their lives.
This issue of FGN features checklists, tips, and tools for teaching philanthropy to your children. Included are resources from The Gathering, Giving New England, The Northwest Giving Project, and many others.
... And be sure to visit our Resource Reminders section below for additional suggestions of articles and books on Teaching Philanthropy to your children.
Talking with Mr. Rogers About
Children and Giving
Source: On
Philanthropy
This interview with the legendary and beloved Mr. Rogers, who passed away earlier this year, examines the impetus for his creation of The Giving Box, an interactive book for parents and children to talk about and develop a tradition of giving. The interview touches upon several topics, including Mr. Rogers' caution to adults that they ensure that well-intentioned philanthropy does not result in dividing your children from others. "One thing that concerns me is I know how tempting it could be to encourage generosity by asking children to help 'the needy' or those who are 'less fortunate,' " says Mr. Rogers. "That kind of thinking divides people into 'us' and 'them' and doesn't necessarily contribute to a sense of neighborliness."
"As different as we are from one another, as unique as each one of us is, we are much more the same than we are different. That may be the most essential message of all, as we help our children grow towards being caring, compassionate, and charitable adults. Yes, everyone has needs and everyone has something of value to give!"
Youth Philanthropy: Teaching and
Learning
Source:
Giving New England
This overview of the various ways that philanthropy is taught to children throughout society includes "8 Simple Steps" for inspiring kids to give, as well as tips and tools for teaching philanthropy at home, in the schools, and in other organizations.
Involving Kids in
Philanthropy
Source: Northwest Giving Project
This short checklist provides ideas for nurturing the giving perspective and specific activities to help encourage philanthropy in your children. "Philanthropy builds on a concept most kids learn as soon as they begin interacting with siblings or other children - the act of sharing."
The Five Basic Principles in
Teaching Children to Give
Source:
The Gathering
This checklist of basic principles for adults presents the following five suggestions for raising charitable children:
Expect them to give - set a standard and they will rise to it
Show them what you give - make it real for them
Match their giving - show them that you value their giving
Take them with you - start the conversation and help them learn
Celebrate their giving - let them know that you are proud of their giving
Charity
Really Does Begin at Home
Source:
Philanthropic Advisors
This short column explores several simple and practical activities for families seeking to begin a conversation about philanthropy and giving back with their children. The author, Janet Atkins, introduces the practice of "spend a third, save a third, give away a third," and suggests that families consider establishing a "family day of service," as part of ongoing family reunions and get togethers. "Birthdays and other family celebrations offer a great time to be creative around the act of giving," Atkins writes. "Ask the invitees to bring age appropriate gifts unwrapped... spend the time before cake and ice cream wrapping the gifts... and take them to a local shelter or clinic to distribute to families in need."
See Resource Reminders below for additional resources on raising philanthropic children!
WHAT'S NEW AT THE NATIONAL CENTER:
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GENERATIONS OF
GIVING: AN INTERIM REPORTThis special edition of Passages by noted family enterprise author and consultant Kelin Gersick summarizes initial findings from a study of 30 multi-generational family foundations from across North America. Family foundations are the cutting edge of social venture funding and entrepreneurial philanthropy, and they provide the lifeblood for countless thousands of agencies across the country. The focus of this study is on the ways that families organize themselves to accomplish their philanthropic goals. How do families effectively structure their philanthropic organizations? How do families plan for and accomplish continuity of involvement in these foundations over time and across generations?
SINGLE ISSUE: $20 
ONE-YEAR SUBSCRIPTION TO PASSAGES: $50
Save 60% off single-issue price! 
FRIENDS OF THE
FAMILY PAGES
This new password-protected section of the National Center's website provides exclusive
features for our Friends of the Family funding partners. New
highlights from the Friends of the Family pages include:
- Electronic
information packets on topics such as Dealing with a Decline in Assets,
Engaging the Next Generation, International
Philanthropy, and Protecting Your Board
- More than 600 sample policies, forms, and guidelines, including grant applications, evaluation forms, investment and spending policies, board selection models, board position descriptions, meeting agendas, discretionary grants policies, and much much more!
These pages are now available for our Friends of the Family partners! For information about becoming a Friend of the Family, or if you are a current Friend and would like to arrange a personalized tour of these pages, please contact the National Center at 202.293.3424.
THANKS TO OUR SPONSORS!
The
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June
11-13, 2003 ~
Chicago
The 10th Annual Family Office Forum is the definitive event for managing family wealth. Obtain the most expert investment advice available to protect and grow family assets in this post-bubble economy, and gain solutions to the many other challenges facing wealthy families today, including preserving the family legacy and managing risk.
For more information: www.iirusa.com/familyofficeforum
SPOTLIGHT ON...
STRATEGIES AND TOOLS FOR GRANTMAKERS
FGN is committed to sharing strategies and tools for family grantmakers from the broadest array of sources, and on a variety of topics. This month's edition features briefing papers on topics including "knowledge diffusion," "volunteer resources management," and "re- engineering philanthropy."
Also featured is an analysis of the Boston Indicators Project, and the new guide from GrantCraft, "Saying Yes/Saying No to Applicants."
Please let us know how you use these in your own work - and drop us an email if you come across something that might be of interest to FGN's readers in the future!
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Giving Until It Hurts: Coping with a
Tough Economy
This new edition of Passages takes a philosophical, psychological, and practical
look at how families are coping with a significant decline in their philanthropic assets.
We have heard from family philanthropists and their advisors around the country who are
struggling with how to balance their need to remain supportive and loyal to their grantees
with their desire to be good stewards of family funds that are often designed to last in
perpetuity. This issue paper provides hard suggestions for strategies to consider, and
creative ideas for how to support your nonprofit partners.
SINGLE ISSUE: $20
ONE-YEAR SUBSCRIPTION TO PASSAGES: $50
Save 60% off single-issue price!
Toward
the Development of a ‘Know-How’ Knowledge Diffusion and Utilization Model for
Social and Health Programs
Source: The Lawson Foundation
Over the past several years The Lawson Foundation undertook a proactive funding approach focused on providing larger strategic grants to support prevention and early intervention programs, with the objective to help communities build better and healthier societies. This report documents The Foundation's evaluation of this granting approach.
Special thanks to The Lawson Foundation for alerting us to this report!
A Guide to Investing in
Volunteer Resources Management:
Improving Your Philanthropic Portfolio
Source: The Points of Light Foundation
This new guide from the Association for Volunteer Administration and the UPS Foundation, in collaboration with the Points of Light Foundation & Volunteer Center National Network, is designed to help companies and foundations seeking to maximize their investments in the nonprofit sector by supporting volunteering and the infrastructure necessary for its success. The guide provides stories of what other funders are doing, checklists and worksheets for assessing organizational capacity and preparing a volunteer program, and other strategies to apply to your own efforts.
Special thanks to Jane Leighty Justis of the Leighty Foundation for letting us know about this new guide!
Re-Engineering Philanthropy:
Field Notes from the Trenches
Source:
The Edna McConnell Clark Foundation
This fascinating speech by Michael Bailin, president of the Edna McConnell Clark Foundation, explores that foundation's decision to focus its grantmaking in one targeted area - youth development - and, further, to focus on only a small group of institutions doing the "best" work within that system. Rather than trying to inject new ideas into the work of grantees, the Clark Foundation decided to take a different approach, according to Bailin: "What if we just looked for organizations that seemed to be getting results, that seemed to want to do more, get better outcomes for more people, keep better tabs on what they accomplish - and help them achieve those goals? What if we stopped trying to redesign the government sector, and instead helped the best people in our own sector build what they envision?"
Bailin describes how the foundation created an overall strategy and process for this approach, and identified essential characteristics that the 'best' organizations selected were required to exhibit. He describes the variety of new questions that the foundation itself has had to wrestle with as a result of this process, and the changes in staffing and philosophy that this has required. "Our foundation isn't big enough to build a field of youth development on its own. In fact, the field will be built not by any foundation, but by the institutions in the field. If we find and invest in some of the best of those, and help them build their stature and ability to lead, and their opportunities to connect and work with one another, we will be influencing the formation of a better field."
Assessing True Futures: An
Analysis of The Boston Indicators Project
Source:
The Washington Post Writers Group
This commentary from Washington Post writer Neal Peirce features a look at the Boston Indicators Project, an interactive civic initiative developed by The Boston Foundation to collect and disseminate
high quality, objective data about a variety of important social, economic, and environmental trends in the Boston region to local decisionmakers and citizens. Peirce writes that the project is an ambitious and wide-ranging attempt to help the city of Boston answer key questions about its present and future: “How does an American City or region honestly measure its successes and failures, so that it can forge smart future strategies? How does a community decide if it is on the right track for improved school performance? For public health?” Charlotte Kahn, director of the Indicators Project, says that an underlying philosophy of the project is to “democratize data and measurement, so we don’t need to be so much at the mercy of ideology, politics, and anecdotes.”
The Mouse That Roared
Source:
Foundation News & Commentary
This commentary by Patricia A. Cummings, executive director of the Jay and Rose Phillips Family Foundation, explores that foundation's explicit decision to recently increase payout from the mandated 5 percent to 6 percent of assets. "By increasing our payout, the Phillips Family Foundation wanted to make a clear statement to our community that the foundation is remaining true to the legacy of our founders," writes Cummings. "The foundation exists to continue 'the family tradition of sharing resources for the public good, while exercising leadership and flexibility in responding to emerging community needs.' Foundation assets need to be protected, but so do the people the foundation serves."
Saying Yes/Saying No to Applicants
Source:
GrantCraft
This new resource from the Ford Foundation-sponsored "GrantCraft" series for program officers and foundations explores the complex and sometimes painful discussions that take place between grant makers and grant applicants. "For most grant makers, decision making is always difficult, but decision giving can be just as hard: How do you say Yes or No so that grant applicants clearly understand your rationale, feel that they've been treated fairly, and can make realistic plans about their next steps?" This practical and straightforward guide provides suggestions to help families and staff to understand the importance of understanding and responding appropriately to the expectations of your potential grantees.
THANKS TO OUR SPONSORS!
SPOTLIGHT ON...
GIVING TRENDS AND OTHER NEWS
Also included are new studies from Johns
Hopkins University, the Independent Sector, Harvard Business Review, and many others!
Charity Begins at
Schedule A
Source: The New
York Times
This opinion article from two Yale professors presents three simple ideas for ways to change the general public's understanding and appreciation of their individual charitable activities. Working off the premise that "Once a social norm is established, behavior can change," the authors suggest that the IRS require everyone to calculate and report their giving as a percentage of their incomes as part of their annual tax forms, and that they include the average contribution rate for different income levels in the instructions for the 1040. "Donations percentages, like tipping percentages, would be something that people konw about themselves," write the authors. "Since the median contribution is far below the mean, the number of people who feel pressure to donate more will exceed those who might be tempted to give less."
Special thanks to Siobhan O'Riordan from Giving New England for alerting us to this article!
Foundation Growth and
Giving Estimates: 2002 Preview
Source: The
Foundation Center
This new report from the Foundation Center explores key trends in overall foundation growth and gifts from 2001 to 2002. Despite the continuing difficult economic climate, the report notes that annual giving from the nation's 62,000 grantmaking foundations remained steady at an estimated $30.3 billion, down only slightly from $30.5 billion in 2001. Highlights from the report include:
The 0.7 percent decrease from 2001 to 2002 represented the first decline in giving reported since 1983, and followed six straight years of double-digit growth in grant dollars;
Despite this, total foundation giving in 2002 was nearly 10 percent higher than in 2000, and close to double the amount reported in 1997;
Only six of the top 50 foundations by assets realized asset gains in 2001, while 29 of the 50 top foundations experienced double-digit losses in the value of their assets, and five foundations reported losses of more than $1 billion; and
In stark contrast to these losses, gifts and bequests from donors to foundations continued to flow steadily, increasing by 4.0 percent in 2001. New gifts into foundations rose from $27.6 billion in 2000 to $28.7 billion in 2001 - the second highest level on record.
Wealth Transfer in
an Age of Affluence
Source: More than
Money
In 1999, professors John Havens and Paul Schervish of the Social Welfare Research Institute released a study concluding that at least $41 trillion - and perhaps as much as $136 trillion - would be transferred from the "baby boomer" generation to their children over the next 55 years. This interview with Schervish from the Spring 2003 edition of More than Money focuses on a recent update from the authors confirming the validity of these earlier estimates, and explores a variety of other questions related to the accumulation and transfer of great wealth across generations. "With affluence, a large part of decision-making around survival and day-to-day living is taken care of; the economic problem is solved," notes Schervish in the interview. "This adds new temptations toward materialism and superficiality, but it also offers opportunities to achieve what is deeper in your life. If you can have what you want, you do not automatically provide deeper answers to the question, What is it that you want?, but you do have the question raised in your life. You will not automatically choose a deeper quality of life just because you have greater wealth and greater choices, but the question itself and the potential to do so are raised."
Comparative
Nonprofit Sector Project Results
Source: Johns
Hopkins University
This new study, conducted in 35 countries around the world, reports that the world's nonprofit sector engages nearly 40 million people and has annual expenditures of $1.3 trillion. Other findings from the study include:
The nonprofit sector represents 5 percent of the gross domestic product of the countries studied;
More than 190 million people serve as volunteers in the nonprofit sector in the countries studied;
The nonprofit workforce - both paid and volunteer - is larger in developed countries than in developing ones;
Nonprofit organizations in at least three of the countries studied engage proportionally more nonprofit works than do U.S. nonprofits.
Giving in Tough
Times:
The Impact of Personal Economic Concerns on Giving and Volunteering
Source: The Independent Sector
This report from the Independent Sector was developed to illustrate the affects of personal economic concerns on the giving and volunteering habits of American households. Among other findings, the study reports that households at all income levels have reduced their average annual gifts, ranging from a 23 percent decrease in households with incomes of less than $25,000 (from $560 to $430 per household), to a 33 percent decrease in households with incomes more than $75,000 (from $3,600 to $2,500 per household).
The Competitive
Advantage of Corporate Philanthropy
Source: Harvard
Business Review
This article from the cofounders of the Center for Effective Philanthropy examines the "convergence of interests" between corporate philanthropy and the "bottom line" of companies. The authors, Michael Porter and Mark Kramer, explore the overall context in which corporate giving takes place, and the impact that various key factors - competition, local policies and incentives, overall demand for services, etc. - have on the ability of corporations to realize a "competitive advantage" from their philanthropy. "There is no inherent contradiction between improving competitive context and making a sincere commitment to bettering society," the authors conclude. "If systematically pursued in a way that maximizes the value created, context-focused philanthropy can offer companies a new set of competitive tools that well justifies the investment of resources. At the same time, it can unlock a vastly more powerful way to make the world a better place."
Charities
rush for real estate
Stock gifts lose luster as bear market lingers
Source: San Francisco Business Times
This article explores the growing trend in gifts of real estate to community foundations and other public foundations. The reason for this trend is simple, according to Terrence Mulligan, director of outreach for the Peninsula Community Foundation. “The equity markets have lost so much value. But the bottom line is 50 percent to two thirds of a household’s net wealth is in real estate or non-financial instruments.”
Thumbs
up for philanthropy
Source: The
Australian
This article from The Australian takes a look at trends in philanthropy down under. As wealth in Australia has increased over the past twenty years, more individuals have begun to take advantage of the generous deductions available for living donors. According to the article, “Making a [donation] to a charity approved by the Australian Tax Office reaps a 100 per cent tax deduction.” The article also mentions the increasing use of charitable foundations by Australian families looking for ways to involve and teach children about the value of philanthropy.
WHAT'S
GOING ON
Is your organization or another you know of planning a meeting that would be of interest to families and donors? Please let us know by sending details to jason@ncfp.org.
FEATURED EVENT:
Institute for International ResearchJune 11-13, 2003 ~ Chicago, Illinois
ADDITIONAL FEATURED EVENTS:
Women and Philanthropy Annual Meeting
April 27, 2003 ~ Dallas, Texas
Wealthy Families: Living Together and Giving Together
April 29, 2003 ~ La Jolla, California 619.295.5088
May 1, 2003 ~ Boston, Massachusetts
Available by invitation only. For more information, please visit their website or contact Laura Perille at 617.338.4471 or perille@edvestors.org.
National Association of Philanthropic Planners
May 1 - 3, 2003 ~ Chicago, Illinois
May 2 - 4, 2003 ~ Cambridge, Massachusetts
June 12-14, 2003 ~ Atlanta, Georgia
The Center for Philanthropy at Indiana University
August 21-22, 2003 ~ Indianapolis, Indiana
RESOURCE REMINDERS:
This
month's edition of Resource Reminders features articles and publications on the topics of
raising responsible and philanthropic children. We hope you enjoy these new - and in some
cases not-so-new - resources!
Sustaining Tradition:
The Andrus Family Philanthropy Program
When the Surdna Foundation
decided it wanted to involve all of the members of the founding Andrus family, they knew
they were starting a formidable challenge. This preface by Surdna Foundation trustee
Elizabeth Andrus and Family Involvement Committee Chair Edith Thorpe explores the origin
and planning of the process they developed to meet this challenge.
By Deanne Stone
2001, 70 pages, $30
Successful
Succession: 12 Strategies for Involving the Next Generation
Source: National
Center for Family Philanthropy
This forthcoming edition of Passages by National Center President Virginia Esposito presents 12 specific strategies that families can take to engage and prepare the next generation for service on the family's foundation board or advised fund. Subscribe now and receive this as your first issue next month!
ONE-YEAR SUBSCRIPTION TO PASSAGES: $50
Save 60% off single-issue price!
Opportunity of a
Lifetime: Young Adults in Family Philanthropy
Source: National
Center for Family Philanthropy
This Passages issue paper describes how to best encourage young adults to both take part in the family’s giving process and to become philanthropic in their own right. Why do families involve young adults? What are some of the strategies that families have used? And what can young adults themselves do to become more involved?
SINGLE ISSUE: $20
ONE-YEAR SUBSCRIPTION TO PASSAGES: $50
Save 60% off single-issue price!
Splendid Legacy: The Guide to Creating Your
Family Foundation
Source: National
Center for Family Philanthropy
This essential new guide to creating a family foundation presents a variety of suggestions and models for engaging and preparing the next generation, and offers a detailed and practical action plan for setting up a foundation. Combining practical, “how-to” advice with personal anecdotes from families that have already established foundations, this guidebook meets the needs and aspirations of all giving families.
Edited by Virginia M. Esposito
2002, 258 pages, $75
Trustee Notebook:
An Orientation for Family Foundation Board Members
Source: National
Center for Family Philanthropy
What are the rules that govern trustees of private foundations? What is the process for making good grant decisions? How can new family trustees find and define their role in the activities of the foundation? These are just some of the questions that are addressed in this guide for the new family trustee. The manual's design allows you to create a basic trustee orientation handbook by including the governance and management documents of your own foundation.
By Robert H. Hull
1999, 85 pages, $45
Children of
Paradise: Successful Parenting for Prosperous Families
Coming into Money: Preparing Your Children for an Inheritance
Source: Inheritance Project
The Giving
Family: Raising Our Children to Help Others
Source: Council on Foundations
Growing
Up Giving
Source: Family Matters, Winter 2001
Money and Children
Source: Issues 9 of More than Money
Passing Wealth Along
to Our Children:
Emotional Complexities of Estate Planning
Silver Spoon Kids: How Successful Parents Raise Responsible
Children
Teaching
Your Children About Finances
Source:
BlueSuitMom.com
What Are We
Teaching Our Children?
Source: Issue 24 of More than Money
BIBLIOGRAPHIES OF ADDITIONAL RESOURCES:
Articles,
Bibliographies, and Organizations with a Focus on Engaging Youth in Philanthropy
Source: September 2002
edition of Family Giving News
Wealth and The
Family Resources
Source: The Gallo
Institute
THANK YOU for
reading this month's edition of "Family Giving News." We encourage you to share
this resource with your colleagues and associates: please sign up below if you are not
already a subscriber to this complimentary resource. Be on the lookout for the next
edition of "Family Giving News" in late May, featuring the topic of
"Creating and Passing On Your Philanthropic Legacy"!
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Please note that the opinions expressed in the articles and websites referenced in Family Giving News are not necessarily those of the National Center for Family Philanthropy. For legal advice, please consult a qualified attorney.
©
2003 National Center for Family Philanthropy.
