Children, families and wealth – How philanthropy can help
Famiiles and individuals looking for tips for raising children amidst abundance.
While there is often discussion about the role that the younger generation can play in a family’s philanthropy, less often discussed is the role of philanthropy in raising children amidst abundance. Many of the challenges of growing up wealthy can be eased through engaging the next generation in philanthropy. We will discuss these challenges that wealth poses and how philanthropy might help. Our speaker will be National Center Board Member Claire Costello, who is National Foundation Executive, Philanthropy Management for Bank of America Merrill Lynch. She has worked with countless families on involving their younger members in philanthropy. She will be joined by Ariana Snowdon, Trustee of the Hill-Snowdon Foundation and senior at Wesleyan University, and Lana Volftsun, Levmar Family Foundation and a member of Grand Street.
Ariana Snowdon is a trustee of the Hill-Snowdon Foundation and an executive fellow at Resource Generation in Seattle, Washington. She is a graduate of Wesleyan University with a B.A. in the Science in Society Program, concentrating in Environmental Science and Sociology, with a focus in Public Health. Prior to joining the Hill-Snowdon board, she served for four years as a member of the Grantmaking Committee for the Community Foundation of Jackson Hole. Ariana has also held several internships with various environmental and social-service organizations, including two semesters with American Rivers in Washington D.C. She has volunteered extensively for non-profits focusing on environmental protection, public health, and domestic violence prevention.
Lana Volftsun is the Executive Director of the One Percent Foundation, an organization that makes philanthropy accessible to Millennials and empowers them to change the world together. She serves on the Board of Slingshot, sits on the Issues Committee for the National Center for Family Philanthropy, and is member of the Impact Grants Initiative and Innovation Fund committees for the SF Jewish Community Federation. Lana takes her work on the road, speaking at conferences, gatherings, and universities about Millennial giving. Prior to OPF, Lana worked as a technology consultant at Deloitte Consulting. She received a BSBA and Master's Certificate in NonProfit Management from Washington University in St. Louis.
Claire Costello is the National Foundation Executive for Philanthropic Management at Bank of America Merrill Lynch and is vice chair of the board for the National Center for Family Philanthropy. She is responsible for providing thought leadership and identifying best practices for both philanthropic families and nonprofit institutions. Claire joined the Bank in 2008. Prior to that, she founded and ran the Philanthropic Advisory Service for The Citigroup Private Bank. Claire is a recognized expert in philanthropy. Her reputation results from her work assisting high-net-worth clients pursue their philanthropic ambitions and aspirations and her involvement with a variety of non-profit ventures. Today she supports philanthropic clients at Bank of America Merrill Lynch in making a broad range of philanthropic decisions. Claire serves on the Advisory Board of GlobalGiving. She practiced law as a litigator in both the public and private sectors for 12 years, prior to which she clerked in the U.S. District Court. Claire is a graduate of Amherst College and New York University School of Law.
What participants said:
NCFP consistently and brilliantly presents the very best education to family foundations and donor advisor funders. Though I actively participate in educational opportunities with many organizations in the philanthropic center it is those offered by NCFP that drill deeper into issues, savor the nuances of family grantmaking and produce products that motivate and inspire in an all embracing understanding of families and the dynamics that challenge them.
The Family Philanthropy Webinar series is a wonderful resource, allowing us to "attend" sessions from all over and to share materials with other members of our foundation. The transcripts of the sessions are also a valuable resource. Thank you for these Webinars.
NCFP webinars are an effective way for me to be stimulated and educated. I always expect excellent presenters and up to date information from NCFP, and have not been disappointed with these webinars. The recent one discussing women and philanthropy was very timely as women grow in their capacity and leadership roles in philanthropy. Thank you NCFP!
The National Center has been an indispensable source of wisdom, tools, and best practices for my clients on matters ranging from advancing intergenerational leadership transition strategies to building effective websites to creating discretionary grant making guidelines.
These webinar events are the most valuable as part of our SECF membership... we access current experts on the topics pertinent to family foundations...and we remain in our office!.... no travel expenses or conference fees... and we can access this information at a future time for our Board. A win-win for all of us who are so busy but are eager to stay current and networked.
I have attended many of NCFP's webinar and always walk away with new ideas that expand my knowledge of family philanthropy. The content is always amazing, well-structured and full of different perspectives. I especially love the stories told by presenters of their families journey within philanthropy and how they are impacting communities.
Creating Effective Next Gen Boards was by far the best webinar I have experienced. The material was well put together, well presented, easy to follow, and very engrossing! The youth on the webinar were very articulate and experienced and provided a unique insight into the benefits and pitfalls in involving 8 year-olds and up in family philanthropy, i.e. the younger we start, the better and easier it is for everyone! Thanks for this webinar!
I have participated for years in the Family Philanthropy Webinar Series, which has been a tremendous value-add for our subscription to NCFP Friends of the Family! This just keeps getting better and better with each passing month, and I'm so very impressed with the caliber of presentations and the organization behind them! Best webinar series in the field!