Philanthropy in Complex, Multi-Generational Families: Balancing Individual Preference with Collective Purpose

The explosion of the use of philanthropic vehicles, coupled with massive intergenerational wealth transfer, means that affluent families are giving in more ways, both collectively and individually. Taking a deeper look, researchers found that as families evolve, they face common dilemmas regarding their philanthropy—most critically, the choices they make about balancing the individual philanthropic priorities of their members with a collective family philanthropic endeavor. Exploring it further, they conclude with lessons on ways that families can best design their philanthropy systems—and the family foundations embedded in them—to create impactful giving, positive experiences for family members, and stronger family relationships.   

To view the findings of this in-depth research study, see the Executive Summary.