Change is inevitable and can be especially complex in family philanthropy. There are a number of questions to explore to ensure the success of a collective giving effort. What are the anticipated moments of transition?
The promise of family philanthropy is fulfilled by its members—often across multiple generations, which can pose a challenge. Multigenerational families use a variety of techniques to engage the next generation in philanthropy.
There is an increasing recognition and understanding of the deep-seated structural inequities upon which the philanthropic sector and many other systems were built.
The success of family philanthropy is largely dependent on the operations and management of the people and processes that underpin the goals and activities of the effort.
Impact is often an elusive concept in philanthropy. What is the most effective way to monitor grants? How do families define and measure success? What is the burden on grantee partners and how might it be mitigated?
Power dynamics are inherent in traditional philanthropy: a funder gives and a grantee receives. This imbalance has the ability to inhibit productive, honest partnerships and stymie successful outcomes.
Grantmaking is the fundamental element of a family philanthropy effort. The practice of grantmaking actualizes the motivations of a donor, advances their values, and accomplishes their aims and objectives.
Philanthropic families employ a wide range of models to make decisions—from unilateral authority to consensus. However, identifying the appropriate structure is often a challenge and can serve as a barrier to effective philanthropic practices.
Join us for a meeting of the Family Foundation Professionals Network. This network is for MCF members who work at family foundations and are interested in discussing the unique issues and opportunities for family foundations.
Clearly defined motivations and values are the underpinning of an effective family philanthropy strategy—they articulate a purpose, provide direction, and serve as a measure of accountability.
