LGA | Lansberg Gersick Advisors’ Post

#THISWEEK Join Ashley Blanchard and Wendy Ulaszek, Ph.D., on Thursday, March 7, 2024, at 11:00 a.m. (EST) for the webinar "A Fork in the Road: Individual vs. Collective Philanthropy Across Generations," focusing on their recent research on continuity in #familyphilanthropy. #RegisterHERE: ➡ https://lnkd.in/epGKcfiC Family foundations commonly begin as vehicles for their founders’ giving and evolve to include other members with other interests. At some point in this evolution— typically catalyzed by factors such as generational transition, passing of founders, and increases in assets—families face an “inflection point,” and are forced to define the primary purpose of the family foundation. Some continue on a path of individuation, whereby the goal of the #familyfoundation is to support the personal philanthropic priorities of family members. Others opted to transition to a collaborative approach, seeking to create a common philanthropic vision and minimize individual influence. Our research found that families that pursued a more collaborative model for their family #philanthropy were more successful than those that had more individual approaches: participants reported that the foundations had greater impact, were more satisfied with their experience, and felt closer to their families as a result. These collaborative models are also more likely to continue over generations. Don't miss our webinar featuring #LGA Partners, Ashley Blanchard and Wendy Ulaszek, Ph.D., experts in #philanthropy and #wealth utilization, as they discuss findings from their latest extensive research conducted jointly with the National Center for Family Philanthropy (NCFP). #webinar #familybusiness #philanthropy #continuity

#TOMORROW Join Ashley Blanchard and Wendy Ulaszek, Ph.D., on Thursday, March 7, 2024, at 11:00 a.m. (EST) for the webinar "A Fork in the Road: Individual vs. Collective Philanthropy Across Generations," focusing on their recent research on continuity in #familyphilanthropy. #RegisterHERE: ➡ https://lnkd.in/epGKcfiC Family foundations commonly begin as vehicles for their founders’ giving and evolve to include other members with other interests. At some point in this evolution— typically catalyzed by factors such as generational transition, passing of founders, and increases in assets—families face an “inflection point,” and are forced to define the primary purpose of the family foundation. Some continue on a path of individuation, whereby the goal of the #familyfoundation is to support the personal philanthropic priorities of family members. Others opted to transition to a collaborative approach, seeking to create a common philanthropic vision and minimize individual influence. Our research found that families that pursued a more collaborative model for their family #philanthropy were more successful than those that had more individual approaches: participants reported that the foundations had greater impact, were more satisfied with their experience, and felt closer to their families as a result. These collaborative models are also more likely to continue over generations. Don't miss our webinar featuring #LGA Partners, Ashley Blanchard and Wendy Ulaszek, Ph.D., experts in #philanthropy and #wealth utilization, as they discuss findings from their latest extensive research conducted jointly with the National Center for Family Philanthropy (NCFP). #webinar #familybusiness #philanthropy #continuity

#LGA invites you to join us for our upcoming #webinar #RegisterHERE: ➡ https://lnkd.in/epGKcfiC "A Fork in the Road: Collective vs. Philanthropy Across Generations on Thursday, March 7, 2024, at 11:00 a.m. (EST) Family foundations commonly begin as vehicles for their founders’ giving and evolve to include other members with other interests. At some point in this evolution— typically catalyzed by factors such as generational transition, passing of founders, and increases in assets—families face an “inflection point,” and are forced to define the primary purpose of the family foundation. Some continue on a path of individuation, whereby the goal of the #familyfoundation is to support the personal philanthropic priorities of family members. Others opted to transition to a collaborative approach, seeking to create a common philanthropic vision and minimize individual influence. Our research found that families that pursued a more collaborative model for their family #philanthropy were more successful than those that had more individual approaches: participants reported that the foundations had greater impact, were more satisfied with their experience, and felt closer to their families as a result. These collaborative models are also more likely to continue over generations. Don't miss our webinar featuring #LGA Partners, Ashley Blanchard and Wendy Ulaszek, Ph.D., experts in #philanthropy and #wealth utilization, as they discuss findings from their latest extensive research conducted jointly with the National Center for Family Philanthropy (NCFP). #qotd #webinar #familybusiness #philanthropy #continuity

#LGA invites you to join us for our upcoming #webinar #RegisterHERE: ➡ https://lnkd.in/epGKcfiC "A Fork in the Road: Collective vs. Philanthropy Across Generations on Thursday, March 7, 2024, at 11:00 a.m. (EST) Family foundations commonly begin as vehicles for their founders’ giving and evolve to include other members with other interests. At some point in this evolution— typically catalyzed by factors such as generational transition, passing of founders, and increases in assets—families face an “inflection point,” and are forced to define the primary purpose of the family foundation. Some continue on a path of individuation, whereby the goal of the #familyfoundation is to support the personal philanthropic priorities of family members. Others opted to transition to a collaborative approach, seeking to create a common philanthropic vision and minimize individual influence. Our research found that families that pursued a more collaborative model for their family #philanthropy were more successful than those that had more individual approaches: participants reported that the foundations had greater impact, were more satisfied with their experience, and felt closer to their families as a result. These collaborative models are also more likely to continue over generations. Don't miss our webinar featuring #LGA Partners, Ashley Blanchard and Wendy Ulaszek, Ph.D., experts in #philanthropy and #wealth utilization, as they discuss findings from their latest extensive research conducted jointly with the National Center for Family Philanthropy (NCFP). #qotd #webinar #familybusiness #philanthropy #continuity

Join Ashley Blanchard and Wendy Ulaszek, Ph.D., next week on Thursday, March 7, 2024, at 11:00 a.m. (EST) for the webinar "A Fork in the Road: Collective vs. Philanthropy Across Generations," focusing on their recent research on continuity in #familyphilanthropy. #RegisterHERE: ➡ https://lnkd.in/epGKcfiC We also invite you to watch a video about #LGA's approach to #familyphilanthropy. Family foundations commonly begin as vehicles for their founders’ giving and evolve to include other members with other interests. At some point in this evolution— typically catalyzed by factors such as generational transition, passing of founders, and increases in assets—families face an “inflection point,” and are forced to define the primary purpose of the family foundation. Some continue on a path of individuation, whereby the goal of the #familyfoundation is to support the personal philanthropic priorities of family members. Others opted to transition to a collaborative approach, seeking to create a common philanthropic vision and minimize individual influence. Our research found that families that pursued a more collaborative model for their family #philanthropy  were more successful than those that had more individual approaches: participants reported that the foundations had greater impact, were more satisfied with their experience, and felt closer to their families as a result. These collaborative models are also more likely to continue over generations. Don't miss our webinar featuring #LGA Partners, Ashley Blanchard and Wendy Ulaszek, Ph.D., experts in #philanthropy and #wealth utilization, as they discuss findings from their latest extensive research conducted jointly with the National Center for Family Philanthropy (NCFP). #webinar #familybusiness #philanthropy #continuity

#LGA invites you to join us for our upcoming #webinar #RegisterHERE: ➡ https://lnkd.in/epGKcfiC "A Fork in the Road: Collective vs. Philanthropy Across Generations on Thursday, March 7, 2024, at 11:00 a.m. (EST) Family foundations commonly begin as vehicles for their founders’ giving and evolve to include other members with other interests. At some point in this evolution— typically catalyzed by factors such as generational transition, passing of founders, and increases in assets—families face an “inflection point,” and are forced to define the primary purpose of the family foundation. Some continue on a path of individuation, whereby the goal of the #familyfoundation is to support the personal philanthropic priorities of family members. Others opted to transition to a collaborative approach, seeking to create a common philanthropic vision and minimize individual influence. Our research found that families that pursued a more collaborative model for their family #philanthropy were more successful than those that had more individual approaches: participants reported that the foundations had greater impact, were more satisfied with their experience, and felt closer to their families as a result. These collaborative models are also more likely to continue over generations. Don't miss our webinar featuring #LGA Partners, Ashley Blanchard and Wendy Ulaszek, Ph.D., experts in #philanthropy and wealth utilization, as they discuss findings from their latest extensive research conducted jointly with the National Center for Family Philanthropy (NCFP). #philanthropy #familybusiness #continuity

Philanthropy for highly affluent families goes beyond mere financial contributions; it's about crafting a legacy of meaningful change. By redefining their roles as catalysts for collaborative impact, these families can amplify their influence and create lasting societal transformations while staying true to their core values. In this week's article, I delve into how strategic giving for UHNW families is evolving. From aligning philanthropic efforts with family values, embracing the power of failure and adaptability, to leveraging collaborative approaches for greater impact, discover practical insights for elevating your family's giving to new heights of effectiveness and purpose. What innovative philanthropic strategies have UHNW families employed to maximize their impact? Share your thoughts in the comments below. Full Article: https://lnkd.in/gBiV8JVm #FamilyWealth #FamilyPhilanthropy #IntegratedWealthManagement #Philanthropy 

When the younger generation is faced with choices about philanthropy, how can it strengthen the family’s purpose and shared values? Explore this case study by Julius Baer here, and learn how four cousins came together to create value beyond wealth. ➡️ Read the article now: https://ow.ly/P2e430sAcQT #Philanthropy #WealthPlanning #JuliusBaerFoundation

Out today: Futures Philanthropy: Anticipation for the Common Good https://lnkd.in/drXWJdCG Just been listening to the authors discuss this. It's worth a look. Of the risks identified to philanthropy, one of the identified risks is the conservatism of boards and risk aversion - which is hugely interesting for me and Dr Beth Breeze OBE as we are working on a project called 'Moonshot Philanthropy' that is characterised by an ambitious risk appetite. #philanthropy #futures #foresight

Giving isn't just good for the world - it may be the secret to preserving multi-generational wealth. Visit our website to review the 5 points of a Family Giving Formula: 1) craft an investment policy statement, 2) unlock the language, 3) find common ground, 4) circulate a state of the union, 5) do your due diligence. #legacybuilding #philanthropy #familygiving #familylegacy