Posts tagged to 'Donor intent and legacy statements'

The 6 Motivations for Family Philanthropy

Posted by Virginia Esposito on April 18, 2017

Why does your family give? This question is central to the work you do — because it helps understand the motivations behind your foundation’s mission.

LLC vs. Foundation: Which is the Better Option for Philanthropists?

Posted by Susanna Poon on January 26, 2017

The Chan Zuckerberg Initiative LLC raised the question about why some philanthropists choose a limited liability company (“LLC”) instead of a private non-operating foundation (“foundation”) to carry out their mission.

Susan Packard Orr Wonders: Dad, what were your goals for family involvement?

Posted by National Center for Family Philanthropy on December 21, 2016

When you were at the table, we generally worked through consensus building, rarely actually taking a vote. Of course since you were there, we had no trouble coming to agreement. We knew whose vote counted!

Gratitude and humility in philanthropy; from a story, to a value, to action

Posted by Douglas Bitonti Stewart and Julie Fisher Cummings on September 6, 2016

The importance of documenting the ethos of our founders is well known in family philanthropy. Authors and leaders throughout the field have published articles and tools (e.g. Grandparent Legacy Project) aimed to help families ask questions to elicit the core values of our founders. These values are the backbone of our work. And when we are able to connect our founders’ values to real-life stories, it can have a profound impact on our families and those we serve.

Giving as a family: My family's use of a donor-advised fund through our community foundation

Posted by Rosie Abriam on June 21, 2016

A donor-advised fund (DAF) provides the donor(s) the opportunity to provide a tax-deductible gift to benefit the organizations and issues that the donor(s) care about most. Working with the community foundation has been great for our family because they provide management and support including handling the paperwork attendant to tax-deductions.

To make a difference, family philanthropy must take more risks

Posted by Katherine Lorenz on May 24, 2016

Many of us in family philanthropy are driven by a grand vision of a better world. We are motivated by bold ideas, and finding ways to use our philanthropy to make a difference and leave a lasting impact. And, at the same time, we are too often hamstrung by a fear of failure.

The world belongs to our children

Posted by Alan Fox on May 17, 2016

We live in a world of growing income disparities, human rights violations, increasing environmental concerns, political instability and ongoing global threats and atrocities. We will never have an impact on these issues until we enlist the help of those who will be 60 years old in 2071. Yes, I’m talking about the five-year-olds of today.

Free legal training: Electioneering rules for private foundations and public charities

Posted by Learn Foundation Law on May 13, 2016

Learn Foundation Law is a free resource for online trainings and tools related to the basic legal rules for private foundations.

Expanding your comfort zone: 5 windows into risk in family philanthropy (Passages excerpt)

Posted by Tony Macklin on May 5, 2016

Philanthropy is often described as society’s “risk capital.” Our generosity can support causes and ideas that business and government agencies cannot or will not. We can use our resources to inspire new ideas, challenge existing thinking, or continue supporting an organization when others won’t. However, the idea of risk in philanthropy quickly muddies as we direct our generosity through a family foundation, donor-advised fund, or other collective effort. Our ideas about and tolerance for risk diverge, shaped by individual, family branch, professional, and other experiences.

Are you using your power, or leaving it on the table?

Posted by Andy Carroll and Exponent Philanthropy on April 26, 2016

Acknowledging and talking about power is taboo. We’re uncomfortable with the fact that some wield greater strength and influence, and feel no shame about using it to hold sway over others. In spite of our laws and regulations, our checks and balances, our moral and social norms nurturing restraint and respect, people use power to bend rules, exclude and disenfranchise, distort facts and disseminate misinformation, manufacture fear, and secure preferential treatment.

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