A New Approach to Family Philanthropy for Family businesses
For many family business owners there is a deep seeded desire to give back to the community that helped them to be successful. Often times their philathropy begins and ends with the current owner.
With a small twist and a little planning, family philanthropy can become the seeds of leadership and entreprenuerial endeavors for future generations of the family. By including all family members, starting with children as young as 5 or 6, in the family's philanthropic programs can help family members develop skills such as:
- Critical Thinking
- Public Speaking
- Collaboration and Relationship Building
- Self Awareness
- A Bias towards Action
- Authentic and Humble
- Role Models
Aren't these some of the characteristics of great leaders?
Building A lasting legacy
What impact will your family have on the world?
Will the family's knowledge and values be passed, as well as, your assets?
Are family decisions thinking about the impact on future generations?
Does your family havce a constitution?
Do you meet at least annually to discuss the future of the family, your estate and the business?
Are the dreams of the next generation being enhanced or are they being asked to be stewards of yours?