Succession & Legacy
It is helpful to consider legacy and succession early in the lifecycle of your philanthropy, with an understanding that your views will no doubt evolve over time. What is the significance of your philanthropy?
The process is not about recognition, though that may play a role. Rather, it seeks to answer two questions: what the purpose and consequence of your giving has been, and who—if anyone—will continue to steward future efforts.
Philanthropy can be a unifying force but also sometimes a divisive one. After the passing of the founder of the family philanthropy, a family may be left wondering how to interpret the founder’s wishes. With forethought and planning, you can eliminate uncertainties and ensure that your giving will have a lasting impact.
This primer and the resources that follow are designed to help you shape your legacy and engage the next generation.
Planning for Legacy and Succession (Video)