The Family Giving Lifecycle
Family philanthropy has many points of inflection—moments to embrace proven practices and advance momentum or to stall out due to uncertainty and lack of clarity. Rooted in intentional philanthropy, the Family Giving Lifecycle framework name these critical points and orients donors toward effective outcomes.
While every philanthropic journey is unique, there are points at which all families must make decisions. Find the tools you need to make decisions that lead to effective outcomes at each stage of your philanthropic lifecycle.
Why do you want to make a difference? Your and your family’s answers will illuminate your identity, passion and desired legacy—and uncover your shared philanthropic purpose.
Impact Vehicles & Structures
Always remember, form follows function. Philanthropy takes many forms. Families have a wide range of options for what to give and how to give. The selection of a social impact vehicle is an important consideration in the pursuit of effective philanthropy.
Every giving effort needs a guiding framework to be effective. Governance is that framework.
Impact Strategies & Tools
How will you use your resources to achieve your purpose? At its core, grantmaking brings your objectives to life to create good for others. Your philanthropic strategy is how you get there; the roadmap for achieving your desired social impact.
Assessment & Learning
Effective philanthropy is a process of continual learning. A structured learning agenda and assessment plan will strengthen your philanthropic purpose, strategy, impact, and family engagement.
Operations & Management
From tracking budgets and expenses, hiring and exploring investment opportunities to bookkeeping and working with advisors, philanthropy requires varying levels of administration.
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. There will, inevitably, come a time for reflecting on the significance of your philanthropy, now and in the future.