Wednesday, September 16, 2015
Rockefeller Helps Develop a Cohesive Strategy for Family Philanthropy
A century has past since the creation of the Rockefeller Foundation, and the spirit of family philanthropy still results in the creation of powerful foundations and other socially responsible financial endeavors. Translating family ideals into effective philanthropic giving requires planning, communication and constant evaluation. Various powerful factors influence the quantity, quality and nature of a charitable donation. A cohesive plan allows for families to target where their area of concern exists, and how to best provide efficient philanthropic giving by choosing from an array of options.
Although the idea of giving for the sake of giving seems intuitive, there are many factors impacting decisions. For instance, some family members often argue with one another, these elements can come to a head and further complicate the situation. Therefore, it is extremely important to develop a decision-making framework before deciding to make calls on philanthropic family endeavors....