Philanthropy Impact

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Philanthropy Impact Magazine, Succession Planning: What Next?

Winter 2015

Philanthropy Impact Magazine, Succession Planning: What Next?

Magazine

In Issue 7 of Philanthropy Impact Magazine we explore the questions and discussions surrounding philanthropy and succession planning. From the desires of Next Gen givers, time frames and establishing a family charter, through to the need for leadership and the development of purpose to a family's wealth.

Magazine contents

Magazine article
Philanthropy is often hardwired into the values that guide behavior and norms in families of wealth. For example in ‘Natural Philanthropists’, a report by UK Community Foundation and the Institute...
Magazine article
Families have a 97% chance to fail the transfer of its business after three generations,’ PWC, KPMG and the Montaigne Institute have observed. Those who would like to transfer their...
Magazine article
I often refer to myself as a ‘First-Generation Inheritor’ and this is where continuity and succession become critical. I am truly fortunate and humbled to inherit our family’s true wealth...
Magazine article
Family businesss that seek to escape the lawfulness of ‘From shirtsleeves to shirtsleeves’ will have to do things differently. They should stop focusing merely on estate planning; instead, they should...
Magazine article
Having spent a lifetime painstakingly assembling an art collection, it is hardly surprising that many collectors give careful thought to what will happen to their collections after they die. Some...
Magazine article
Succession planning involves making choices that will affect future roles and relationships in a family. When the lives of family members are connected through various assets, like a business or...
Magazine article
I must have spoken to at least 20 different families in the last year about the knotty question of philanthropic timeframes: do I give what I have while I’m here...
Magazine article
As corporates we need to be looking at programmes that also work with ex-offenders, addicts, women, the elderly and the homeless. It has to be about a sense of mutual...
Magazine article
“The rich are different from you and me,” F. Scott Fitzgerald is said to have once told Ernest Hemmingway, to which he retorted: “Yes, they have more money”.
Magazine article
At the core of most successful family-owned businesses is a set of shared values. These values can bring family members and employees together to work for a common goal. Yet...
Magazine article
How the legacy and family philanthropy discussions are becoming intertwined with broader family business and investment affairs
Magazine article
As wealthy donors become more globally mobile, does this spell the end for the ‘charity starts at home’ mentality and the beginning of ‘causes before borders’? And what does this...
Magazine article
Most families give to charities but a strategic approach to this through family philanthropy can achieve much more than benefits to the causes chosen.
Magazine article
'when it comes to some of the most important things in life, there are no metrics that apply...'
Magazine article
There appears to be an ever-increasing trend for wealthy families to formulate family charters- essentially the ‘club rules’ by which the family operates.
Magazine article
The family foundation model provides a more formal structure for grantmaking, often adopted by families whose philanthropy is significant in scale and longevity

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