Top 5 Traits of Effective Family Philanthropy

For many families of wealth, creating a long-lasting legacy is a fundamental goal, one that shapes both personal and financial decisions. And many of these families want that legacy to reach beyond the boundaries of family, making a positive impact on their communities and the world. For the Anderson family, they made a purposeful decision to approach philanthropy as a family enterprise. In preparation for a new generation coming of age, the family undertook a process of evaluating and fine tuning its philanthropic strategies. Five key traits that contributed to their success in building a lasting philanthropic legacy can also help your family achieve your own philanthropic goals by understanding and embracing these traits.