Over the years, NCFP President Virginia Esposito has written on any and all topics related to family philanthropy, providing a vast array of wisdom and context for donors just getting started, for families moving to the critical “cousins generation,” and for those families looking to embrace the fifth (or later!) generation. Here we share a “best of” collection of Ginny’s writing on governance, family dynamics, embracing the next generation, the role of the donor, and more.
Best of “Ginny’s Blog”
About this collection: A "best of" collection of NCFP Founder Virginia Esposito's writing on governance, family dynamics, embracing the next generation, the role of the donor, and more.
Curated By: National Center for Family Philanthropy
Curated By: Virginia M. Esposito
What distinguishes giving families are the dual goals they bring to their philanthropic giving: goals for charitable purpose and goals for family participation. What unites them all is a very personal passion, a commitment to the legacy of their families’ values and vision and a commitment to philanthropic excellence. As…
Today’s philanthropists, however, are likely to be less connected to place. The modern economy is built less on geography and more on technology – and many of those who are earning wealth are doing so in a global marketplace.
For much of the 20th century, the vast majority of U.S. foundations operated under the idea that they would be in business forever. But as a new generation of family philanthropists take over — a growing number are deciding that they would rather grant their assets during a set period…
“Democracy does not give the people the most skillful government, but it produces what the ablest governments are frequently unable to create; namely, an all-pervading and restless activity, a superabundant force, and an energy which is inseparable from it and which may, however unfavorable circumstances may be, produce wonders. These…
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.
There is a lot of justifiable attention paid these days to some of the BIG questions about philanthropy and the philanthropic process: Why give? How much to give? What to give to? What difference does it make?
Today, the practice of philanthropy is under continuous review – and not just by our critics or those who look suspiciously at big endowments. Those who want the very best for our field and the greatest impact for our work are also looking beyond why we give to examine the how.
But I will never forget that December day many years ago when a check arrived from David Rockefeller. Back then, I got to open the envelopes myself and what I pulled out looked like a personal check. I stared at it for a very long time, absorbing what it meant…
One of my favorite NCFP publication titles, Grace, Gratitude and Generosity, was used for our Faith and Family Philanthropy journal more than a dozen years ago. When we used it, inspired by one of the Journal’s authors, I felt it had meaning far beyond that one publication; I still do…
“Although there is some debate in philanthropy about the question of perpetuity, in the end no single correct approach is right for all donors. The decision to create a foundation for the ages or for the moment is a highly individual choice. It should be guided by the philanthropic goals…
A great enthusiasm is building for getting the most out of your charitable giving, for working with your family in this pursuit, and for focusing for greater impact… in Israel!
“As I see it, there is no other way that as few people can raise the quality of the whole American society as far and as fast as can trustees and directors of our voluntary institutions, using the strength they now have in the positions they now hold.” – Robert…
Successful family foundation board chairs are able to both drive action and manage egos — and are often the difference between a foundation deftly navigating challenging situations and being tripped up by them.
“As I see it, there is no other way that as few people can raise the quality of the whole American society as far and as fast as can trustees and directors of our voluntary institutions, using the strength they now have in the positions they now hold.” ~ Robert…
Spring must be here. Washington, D.C. is showing off cherry blossoms and red tulips and my travel schedule has gotten a lot busier. This month I have been invited to speak at a few family foundation retreats and my hosts must all be in “spring cleaning” mode. Everyone seems to…
Even if your family foundation or fund is very new, chances are you have already experienced at least one transition in the lifecycle of your giving program. What have been the keep turning points in the life of your fund from the founders' initial concept to the present? Which transitions…
Little is known about the value private family philanthropy represents in our society and the essential role it plays in our democracy. This special report, developed to celebrate the 10th anniversary of NCFP, provides an overview of the value of family involvement in philanthropy.
This Passages issue paper describes why, when, and how your family foundation’s board can prepare the next generation for charitable service. These practical and proven strategies will be of interest to any family thinking about or going through a succession process.
How does the “B+” or even the “A+” organization stay that way, vigorously committed to the revitalizing promise of renewal? And what can members of newer family foundations learn from those who have successfully been meeting these challenges?
Renewal is critical. It reenergizes your commitment and revitalizes your sense of purpose. It can help you see a new solution for an old situation. The same is true for revitalizing your foundation or fund. Here are a few tips for planning your philanthropic renewal – from the simple strategy…
The process of emerging from a long, gray winter is a cause for celebration. Extra sunlight and the reintroduction of the stunning colors of nature are also extraordinarily energizing. I suppose that is why some take to spring cleaning. Since I am rarely inspired to clean, I personally prefer to…
Many of the philanthropic families who call on me for help in doing their best possible work in the best possible way invariably reach a point where they say they want a system that is fair to the family. Most start by wanting family fairness as a means to doing…
A foundation needs trustees who can work together productively, but it does not require that they be unanimous in their opinions or uniform in their outlook. …A foundation’s extraordinary potential for good springs from its board’s ability to act as a collective, to be cohesive in fulfilling its public trust.…
Many of the requests for help that come to me directly or as referrals from colleagues or National Center staff are about governance. When it comes to the fundamentally important issue of effective trusteeship – and appropriate foundation governance – the range of questions is startling and no question is…
For more than 30 years, I’ve been talking with parents, grandparents, aunts and uncles about bringing up healthy, happy, productive children in a philanthropic family. What I’ve come away with – and continue to share with others – are five keys. At the risk of over-simplifying a complex responsibility, I…
Dear FGN Readers: The National Center for Family Philanthropy fields hundreds of questions about family giving over the phone, through email, and in person every year. Thousands more use the Family Philanthropy Online Knowledge Center to search for answers on their own in the thousands of articles, sample documents, and…
It’s summer and a young person’s fancy turns to …philanthropy? Well, perhaps more than you might think. I ran into a friend recently and she told me her college freshman daughter was off to Nicaragua. Sarah belongs to a group that organizes charitable field trips for young people – giving…
Why do you want your children to understand generosity as a key family value and how do you hope they will take both a personal and a family role in philanthropy?