Family leaders must have the courage and stamina to create an inclusive, participative, and results-driven culture in the family and business, supported by the right policies and systems. Such a foundation will set the stage for a family legacy which both sustains across multiple future generations, and grows along the way with each group driving growth and diversification and making its own mark.
“Moments of crisis can bring families together or they tear them apart – the choice is ultimately theirs…”
Why is it hard to find good successors? We believe that the root issues occur earlier in the lives of next-gen members, linked to the manner in which they experience their family’s wealth and legacy during adolescence and early adulthood.
For many, family philanthropy presents an opportunity to create a shared experience, unifying the
family by working together toward a lasting legacy of impact. Family philanthropy can also give
participants an opportunity to explore and cultivate their personal—and sometimes separate—
philanthropic passions
This article presents a systematic review of the literature on the subject of family philanthropy.
Ashley Blanchard talks about how philanthropic families around the world experienced the pandemic and how philanthropy has changed.
Devin DeCiantis and Sam Bonsey, discuss the role of responsible capitalism in the family business and how it can be promoted.
We conceptualize two interrelated approaches to education: a deductive or “outside-in” approach.
Business families naturally invest in professionalizing their management group, often without realizing that their ownership group requires as much attention.
Families increasingly use entrepreneurship funds to finance and benefit from new ideas among members.
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