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Foundation Source / Engaging the Family in Your Philanthropy

Engaging the Family in Your Philanthropy

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If you’re reading this, you’ve probably begun thinking about establishing (or continuing) a philanthropic legacy that will extend into the next generation and beyond. In the following pages, we share what we have learned from our clients about raising a philanthropic family and provide practical strategies for getting children of all ages involved in charitable giving.

First, we discuss the reasons family foundations are established and how these may lay the groundwork for a foundation’s mission. Beyond the tax advantages, families create foundations for one or both of two reasons: to create positive change in the world or to achieve some outcome within the family.

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