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Creating a “safe zone” with family philanthropy

When it comes to communicating around money and values, many families face a significant challenge. Some families never talk about these issues. Others talk about them — but with difficulty. Family philanthropy can be an important and safe area in which to commence a family conversation about money and values — creating new and effective rules of engagement that carry over into other family matters. Here's how...

2018-10-01T05:17:25-05:00March 3rd, 2016|Uncategorized|

Impact investing gets an IRS boost

Impact investing is one of the hottest topics in the philanthropic sector. It involves investments made with the intention of generating not just a financial return, but also a social or environmental impact — the double bottom line...

2018-10-01T05:20:24-05:00October 3rd, 2015|Uncategorized|

Philanthropy helps families avoid shirtsleeves-to-shirtsleeves challenge

When meeting with affluent family clients, advisers frequently invoke the warning: "shirtsleeves-to-shirtsleeves in three generations." This popular quote strongly suggests that, without careful planning, a family's wealth will be dissipated by the time it reaches the grandchildren of the wealthcreating generation. It is thought to derive from the old English proverb, "there's nobbut three generations atween a clog and clog." Over the next 35 years, the largest transfer of wealth in history will take place. In the U.S. alone, it is estimated that more than $40 trillion will transfer from baby boomers to the rising generations. In addition, the ownership of thousands of family businesses will transfer to younger family members...

2018-10-01T05:26:36-05:00August 3rd, 2015|Uncategorized|
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