Price: $53.99
(as of Dec 22,2024 22:45:13 UTC – Details)

Publisher ‏ : ‎ Lexington Books (September 27, 2006)
Language ‏ : ‎ English
Paperback ‏ : ‎ 304 pages
ISBN-10 ‏ : ‎ 0739118633
ISBN-13 ‏ : ‎ 978-0739118634
Item Weight ‏ : ‎ 1 pounds
Dimensions ‏ : ‎ 6.38 x 0.69 x 8.84 inches

Generations of Giving: Leadership and Continuity in Family Foundations

Family foundations play a crucial role in philanthropy, providing support to a wide range of causes and organizations. These foundations often have a long history of giving, with multiple generations of family members involved in the decision-making process.

One of the key factors in the success of family foundations is strong leadership and continuity across generations. The older generation sets the tone for giving, passing down values and priorities to the next generation. This ensures that the foundation’s mission remains consistent over time and that funds are allocated in a way that aligns with the family’s values.

Leadership transitions within family foundations can be complex, as younger family members may have different ideas about how to allocate funds or which causes to support. However, by involving younger family members in the decision-making process early on and providing them with the necessary training and support, foundations can ensure a smooth transition and maintain continuity in their giving.

Ultimately, the success of family foundations hinges on the ability of multiple generations to work together towards a common goal. By fostering communication, collaboration, and shared values, family foundations can make a lasting impact on the causes and communities they support.
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