Monday, March 10, 2014
Rockefeller Philanthropy Advisors CEO Melissa Berman and Arabella Advisors Managing Director Elliot Berger share their thoughts in a Wall Street Journal article on the growing spend-down trend at family foundations.
Minneapolis financial adviser Cassidy Burns recalls how a very wealthy family whom she worked with struggled to find a successor to lead their family foundation. Their adult children had successful careers and were raising families in different parts of the country--and they simply weren't interested in the same causes their parents were...