The Foundation of a Philanthropic Family

Make Giving Back a Family Enterprise

Although establishing a private foundation does offer attractive tax advantages, families are often motivated by a desire to create positive change, both in the world and in their own lives together.

That’s why, in addition to adopting an external mission (what the foundation does, why, how and for whom), many foundations also draft an internal mission specifying how the foundation will function to build family, encourage education, and confer family values to younger members. Internal missions might focus on increasing family participation and cohesiveness, perpetuating family traditions, building core abilities, preserving family history and/or training future generations.

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