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For a number of philanthropists, philanthropy is a family affair: a means of passing on key values to the next generation as well as giving back or doing good. How are millennials in family foundations, with the weight of legacy on their shoulders, approaching philanthropy? This fascinating generational shift is explored in more detail in this new ...

Donors often ask how they can maximize their giving dollars when seeking to fulfill their charitable giving missions. A tax effective way is to donate appreciated securities to a donor advised fund, rather than selling the securities and donating the cash proceeds. So how does it work?

The topic of wealth transfer to the next generation has been well documented. Accenture estimated that $30 trillion of financial and nonfinancial assets are ready to shift from baby boomers to their children in North America alone. At the same time, there is a large and growing appetite for using wealth to solve social challenges and help those in ...

Travis Roy’s story is well known—in 1995, the rising college hockey star suffered an on-ice injury that left him paralyzed from the neck down after only 11 seconds of his first Boston University game. That tragic accident ended Travis’ hockey career, but it marked the beginning of his decades-long commitment to helping others thro...

Families pursue impact investing for a variety of reasons, including as a way to engage younger family members in the broader philanthropic and investment activities of a family to foster continuity in the stewardship of assets across generations. Before incorporating impact investments into their portfolios, families should define the overall cont...

For many individuals and families of wealth, there comes a time when they decide to engage in philanthropy in a larger, perhaps more strategic manner. This often occurs as their relationship with wealth matures, and they realize they have an opportunity (or perhaps feel an obligation) to go beyond writing checks to worthy organizations and move tow...

A rising generation of clients in their 20s and 30s turned to Jim Steiner, president of Abbot Downing, and asked him to share his insights, both as a parent and a wealth management leader. Through four memorable stories and thoughtful questions, Mr. Steiner reflected on matters of career, philanthropy, family, and leaving a legacy. He beg...

Jessica Jackley, cofounder of KIVA, the world’s first microfinance website, shares her unique wisdom on financial inclusion and social justice. Jessica highlights stories and lessons from her book, Clay Water Brick: Finding Inspiration from Entrepreneurs Who Do the Most with the Least, as well as experiences from her own life as an entreprene...

We have all been the new person at some point or another—the new person on the block, the freshman at the big university, a manager in a new office. In such hard-to-navigate situations, training and communications are integral parts of the on-boarding process. When both employee and employer are informed about one another’s needs, personalities, an...

A volunteer position with a nonprofit organization can be an incredibly rewarding experience—both for the volunteer and for the organization. But the path to key leadership roles with such organizations can be tricky to navigate. While the process inevitably will vary from organization to organization, there are a few things that can help with maki...

Philanthropists from Europe, the United States, Asia, and the Middle East are approaching philanthropy in an innovative way and actively promote their causes. Interviews illustrate how they are trying to make a lasting change in terms of impact on the ground as well as the longevity of their charitable organizations. For many philanthropists, achie...

While many individuals may have the skills and experience for a private staffing position, it’s the chemistry and having a system in place that makes it work for all parties. With this guide that includes job descriptions and requirements, discover the actionable insights and best practices for optimizing your private staff throughout the hiring pr...

The wealthy are caught in the high-beam headlights of toxic rhetoric around equity, inequality, greed, power, excessive affluence, and influence of the wealthiest 1 percent. This has become a hot issue in the political environment, where both old media and new social media continue to add data that fuels the growing anger toward, and mistrust of, w...

The forces of change in the health care and employee benefits environment have grown stronger and more disruptive with each year. But the disruption has also opened up a rich set of options to help family offices and businesses respond to the needs of the workforce, promote the need for behavioral changes, and still generate financial benefits for ...

Owners who are looking to transition their businesses face the question of whether it is better to sell now or wait until later, particularly in light of the current tax situation. In making this consideration, they should consider the pros and cons of various options: status quo, management buyout, ESOP, sale to a financial buyer, or sale to a str...