Before establishing a family foundation for the purpose of collective giving, it is imperative that families consider their ability to find common purpose and work together productively. A collective approach to giving should build on a foundation of social capital, rather than be a driving tool to create it.
In most businesses, the Board Chair’s role is seen as relatively straightforward: to ensure the Board and its governance committees function properly. However, in family enterprises, this role is far more complex, with responsibilities that go significantly beyond these traditional expectations.
As LGA embarks on another year, we’re thrilled to continue working closely with the world’s leading family enterprises and our valued global partners.
This year promises to be particularly exciting at LGA. We will continue to expand our services to families worldwide, launch the second season of our LGA Lighthouse Podcast, and share our latest research and insights through articles, interviews, and books by our global advisory team.
These last few months have been filled with activity, as we’ve expanded our global footprint through the addition of new team members, and increased our presence in Asia, Africa and the Middle East. Later this summer, we will begin publishing episodes for the second season of our LGA Lighthouse Podcast, and will continue sharing fresh insights through a variety of articles, interviews, and other thoughtful content generated by our global advisory team.
Within that context, we’re thrilled to share with you the latest reflections from our Partner, Fernanda Jaramillo. In this edition of LGA Insights, Fernanda describes the importance for enterprising families of establishing and maintaining a shared vision to ensure continuity and legacy—particularly in moments of generational transition.
About one-quarter of our work relates to family philanthropy, most often as part of a complex family enterprise or family office.
Many families have decided to formalize a Family Office to serve the financial and professional needs of family members.
