Principal Six in Mark Haynes Daniell's Strategy for the Wealthy Family – Seven Principles to Assure Riches to Riches Across Generations is “Share wealth in a manner that unites the family and gives it meaning”.
All families, not just those with wealth, can unite behind common giving philosophies and strategies. Learning to agree on causes, determine how much time or money to give, vetting the different organizations that you could benefit and following through to determine the impact of the gifts can be an essential part of working together as a family.
In this section, we will aggregate information on ways to give, vehicles to use for giving which benefit to your family as well as recipients and in giving, family foundations and other relevant subjects.
"Many persons have a wrong idea of what constitutes true happiness. It is not attained through self-gratification but through fidelity to a worthy purpose." Helen Keller
How do you build a legacy worthy of your family and yourself?
- Discover what is important.
- Define how the important thing is demonstrated.
- Identify actions your family can take to demonstrate the important legacy.
- Memorialize the actions taken by your family.
Posts about philanthropy & legacy
- Financial Help for ParentsIf you are part of the ‘sandwich’ generation, you may be trying to financially and emotionally support both aging parents and struggling offspring on a ...
- What Women Want – Valentine’s DayValentine’s Day has rolled around once again. The retailers love it, guys hate it. Many claim it is a made up day to sell things ...
- What Is Your Legacy?Do you ever think about what you want your legacy to be? What are the things for which you want to be remembered? What are ...
- Be Thankful – Build Your LegacyWhat are you thankful for? What makes you feel wealthy? There are so many things in my life that I take for granted. Often we forget ...
- Will Baby Boomers Be ‘Elders’?My generation (I’m a baby boomer) gets a lot of press. Everyone seems to have an opinion on what we are, what we do and ...
- A Wish List for GivingHave you ever thought about what you might like to do to start your legacy – if you had all the time and money in ...
- What Responsibility Does the Family of a Homeless Person Bear?Utah Homeless Man Inherits Sizable Fortune According to an Associated Press story on Yahoo News, 62 year old Max Melitzer, homeless for years in Utah, had ...
- ThingsI had an Aunt who labeled everything she owned with hand written notes. She wanted her survivors to understand the history and specialness of each ...
- Are Your Parents Doing You a Disservice By Giving You Large Gifts?Did your parents help you out with your kid’s education expenses? Did they supply money for a down payment on your first house? Do you ...
- Family Philanthropy – 4 Ways to Structure Cross Generation Giving ActivitiesMembers of wealthy families can utilize philanthropy to build and carry on the family legacy as well as to teach values and provide practical life ...
- Henry Shaw’s LegacyCan you leave a legacy if you don’t have descendants? Henry Shaw did. Have you heard of ‘Shaw’s Garden’ – otherwise known as the Missouri Botanical ...
- Keeping the Wright Brother’s Legacy AliveOrville and Wilbur Wright never married or had children. They did however have siblings. Today two descendants of those siblings help bring life to the ...
- What Does Family Legacy Mean to You?If you look up ‘legacy’ in the dictionary you will see a couple of meanings. One is – a gift by will of money or ...
- Building Your Family Legacy Through Philanthropy – 4 Family Benefits from GivingThe More Than Money Institute, sponsored by the Project on Civic Reflection operated from 1990 to 2006. Starting in 1993, they published a quarterly magazine ...
- Why the Rich Give Away Their MoneyYou work hard to scrape together enough money to feed your kids, retire and maybe have something to pass along to the next generation, yet ...
Quotes
"Money is like manure. You have to spread it around or it smells" J. Paul Getty