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A tree, with branches that each family member can see and learn from, creating a visible map for future generations to follow, that should be the goal of a multi-generational family. Arguably, such a goal should have little to do with money and everything to do with safeguarding and sustaining each family's unique character, or culture. Of course, culture is not always obvious, but it can be seen in the elements that make it up.
It's very important that families proactively decide which elements, bits of folklore, stories, traditions, are intrinsic to their identity as a family. Once chosen, new family members should be inculcated into the mysteries of these traditions. Orient them in appreciating their history and worth, as well as in how to carry them forward and in turn initiate new generations into the tradition of philanthropy.
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Selected Foundation News
A customized collection of news from foundations from around the Web.
One of Australia's most high-profile business leaders is leaving his post at the Australian Securities Exchange to lead the country's largest anti-slavery organization. David Braga, who has...more
"The New Venture Competition provides a rigorous platform through which students develop their business ideas as a positive force for change," says Elise Bates, the new director of Harvard Business...more
"If you describe the real estate magnate, Aare Adetola Emmanuel-King as a social entrepreneur extraordinaire, you will definitely not be faulted. As the Chairman and CEO of Adron Homes and...more
When Max and Allen Low were kids, their parents would ask them to spend a few minutes picking up garbage. "This became a habit which continued into adulthood, and we still make time for that...more
Foundation: Whitefish Community Foundation
"Through our collective efforts, we're not just providing financial support, but we're investing in Montana's vitality and resilience." That from Mike Smith, president of Glacier Bank, which...more
Foundation: Community Foundation of Broward
Ten nonprofit organizations in South Florida are getting a total of $300,000 in grants thanks to a new fund meant to fight discrimination in the LGBTQ community. The Our Fund Foundation and the...more
The superintendent of a Georgia school district is stepping down after less than two years on the job. Dalton Public Schools Superintendent Tim Scott, who began in the position in 2018, will take...more
"It's more than just food and water and shelter, we now know that as a society, we now know that as a society." That's what an Alaska school board member has to say about a bill that would...more
If you're looking for a getaway from the city that never sleeps, India's Goa is the place for you. But if you're looking for a getaway from the city that never sleeps, Goa is the place for...more
When Gladys Markus graduated from her accounting course at Nigeria's Plateau State University last year, she had one thing on her mind: Starting a food business. The then-22-year-old had been...more
Social Entrepreneurship
Spotlight
This Social Innovation Helps Prevent Bed Sores in Wheelchair Users
Co-founders William Mann and David Mravyan devised the Sensimat during a mandatory project for their MBA at the Richard Ivey School of Business in Canada. Sensimat is a device that helps manage and assess pressure among wheelchair users.