Compromise or Conflict? Managing Intergenerational Consensus Building Around Philanthropy

As the largest intergenerational wealth transfer in history unfolds during a time of rapid technological, climate, and social change, some families view philanthropy as a way to build family cohesion and teach younger members a sense of responsibility. Philanthropy can be a unifying force – but it can also lead to conflict as families work to balance legacy, change, and personal relationships. Thoughtful and effective family philanthropy is often a balancing act between collective and individual motivations, the legacy of the past and the needs of today, as well as responsibility to family and connection to community.