Engaging young adults and the next generation

Contributions

Getting Oriented

Posted on November 8, 1999 by Council on Foundations

Defining roles, helping new board members make an early contribution, and providing information on the foundation’s operations are all part of an important function that sometimes receives inadequate attention— board orientation. While some foundationsseelittleturnoveramongtrustees,others add several new people each year. New foundations find themselves facing the challenge of bringing a whole group up to working speed. And family foundations struggle… Read More

One Way To See If The Future Works

Posted on October 31, 1998 by Ivan Lansberg

Moving to a new form of leadership in the next generation? You can map your way by visiting other families who are already there. Experience, a learned business leader once said, is what we have when we get what we never expected. While it can be a powerful teacher, however, experience can be a very costly path to learning… Read More

When the generational planets are misaligned

Posted on October 20, 1997 by Ivan Lansberg

Parents in their forties and children in their twenties are on a developmental collision course. Parents in their forties enter a period of life reassessment that can shake confidence in their own judgment just as their now grown children enter the family enterprise. Given this complicated dynamic, many recommend the potential successor work outside the family enterprise for a while… Read More

Advisor’s enthusiasm shapes clients charitable role

Posted on August 21, 1996 by Joe Breiteneicher

Some experts predict an intergenerational transfer of wealth over the next 40 to 50 years of between $40 and $136 trillion dollars. Many expect that much of this wealth will become philanthropic capital. This article outlines why this charitable windfall may not happen, and how advisors can proactively supporting their clients' philanthropic interests. … Read More

Trust funds: Blessing … or curse?

Posted on September 23, 1995 by John Levy, Leon Botstein

Should parents pass on their money to their children? In this double interview, John Levy and Leon Botstein provide opposing views on this question, focusing on issues of heirs’ motivation to work, sense of entitlement, and experience with money and giving… Read More

Kids Should Feel Free to Follow Their Bliss

Posted on October 30, 1994 by Ivan Lansberg

When young people sacrifice their own ambitions in order to live out a parent's dream, the results can be destructive. The best interests of both the family and the business are served when parents heed the wise counsel of mythologist Joseph Campbell and urge their children to "Follow your bliss."… Read More

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