Study Shows Multigenerational Families Encourage Philanthropy Greater

Study Shows Multigenerational Families Encourage Philanthropy Greater More than half of families surveyed, 61%, encourage younger generations to give back to society as a shared family value. while the study found common challenges such as differing interests and time constraints, many families successfully involve multiple generations in their philanthropy. at the greater kansas city community foundation, we. Researchers from lansberg gersick advisors hypothesized that families’ abilities to work together effectively in their philanthropy is dependent not only on the way they design their collective family foundation, but also in how they structure the philanthropic activities outside of it. from 2018 2022, they conducted surveys and interviews.

How Can We Study Integrated Philanthropy In Complex Multiв Generational More than half of families surveyed, 61%, encourage younger generations to give back to society as a shared family value. while the study found common challenges such as differing interests and time constraints, many families successfully involve multiple generations in their philanthropy. at greater horizons, we understand that giving back as. The study’s standout finding was that the creation of a robust family philanthropy “system” was vital to providing outlets for families’ increasingly diverse philanthropic interests. the families that most successfully perpetuated a collective family foundation over generations established different vehicles for different purposes: they. Philanthropy is top of mind for most affluent families. however, according to bny mellon wealth management’s global family office study, only 30% of family offices have documented strategies to deploy wealth in a truly meaningful way. 1 this disconnect is just one of several challenges that families face regarding philanthropic planning. Philanthropy in complex, multi generational families. the most successful families in our research—those who were most energized and engaged by the quality of their philanthropy, who felt closer to their family due to their participation—had shifted from a sense of ownership to stewardship of the family’s philanthropic capital. may 26, 2023.