Some families choose to coordinate these activities strategically through a family foundation, while others utilize vehicles like donor advised funds or individual giving in order to provide targeted philanthropic support to organizations and communities. 

The limitless possibilities afforded by private philanthropy, coupled with the challenges of measuring results in the social sector, means that there can be different — and at times competing — visions for the family’s philanthropy. This can both limit social impact and generate complex family dynamics. 

LGA helps families achieve greater impact and support their legacy by [same links for the bullets that repeat from Family Businesses]:

• Educating owners and leaders on the unique role of family philanthropy in a family enterprise and the requirements for long-term success
• Clarifying a shared purpose and values to guide the family’s philanthropic priorities
• Launching or redesigning family philanthropies — including private foundations, funds, and giving programs – in alignment with these priorities
• Ensuring governance and execution of any shared philanthropies are coordinated with the rest of the family’s operational, investment and estate planning activities
• Assessing and developing leaders and leadership teams
• Designing efforts to educate, involve, and transition leadership to the next generation
• Facilitating more productive relationships between family members and professional staff