legacy

/Tag:legacy

Your Vision of Success Is Missing This Vital Ingredient

How do you define success? Ask 10 different people this question and you’re likely to get 10 different definitions. The typical dictionary definition characterizes success as “an accomplishment of a goal or purpose.” While this is true, by necessity it leaves out details individuals like you and me associate with a successful life. The missing ingredient [...]

Your Vision of Success Is Missing This Vital Ingredient 2019-03-15T13:26:54+00:00

Creating a Legacy Centered Around Life

“Choose well. Your choice is brief, and yet endless.” ~Goethe What does the word “legacy” mean to you? Most people, when asked this question might say that legacy refers to what a person leaves behind, such as wealth and other assets. While this is a part of what makes up a person’s legacy, this perception associates [...]

Creating a Legacy Centered Around Life 2019-03-15T13:39:35+00:00

Donor Advised Fund Sponsorship vs. Stewardship: Two Very Different Things

As you may already know, a donor advised fund is a charitable giving vehicle sponsored by a public charity. When you establish a donor advised fund with us, we become the public charity that sponsors your fund.  You recommend the grants and we make them on your behalf to the charities you choose to support. But [...]

Donor Advised Fund Sponsorship vs. Stewardship: Two Very Different Things 2019-03-15T13:40:17+00:00

Are Your Kids Suffering from Too Well Off Syndrome?

Are your kids suffering from too well off syndrome?  If so, how do you turn things around? You, like so many successful individuals, have a nagging concern about teaching your children and grandchildren the mindset and skills to handle the challenges that come with inherited wealth. Simply growing up watching you make sound financial decisions isn’t [...]

Are Your Kids Suffering from Too Well Off Syndrome? 2019-03-15T13:41:13+00:00

What Makes Us Independent and Why It Matters

When we read about independence, we associate it with qualities like “free from the influence, guidance, or control of another or others; self reliant”. True independence was woven into our fabric when we first became involved with donor advised funds over 30 years ago. It’s one of our top priorities. Independence Means Freedom from Outside Influences [...]

What Makes Us Independent and Why It Matters 2019-03-15T13:45:39+00:00

Closing the Generational Gap with Family Philanthropy

A report published in 2012 by Pew Research Center shows that fully 50% of successful individuals worry that their children, or other heirs, do not have the proper financial skills to handle inherited wealth. If half are concerned about this, it’s likely that the other half should be. In 1877, when Cornelius Vanderbilt died, he was [...]

Closing the Generational Gap with Family Philanthropy 2019-03-15T13:46:21+00:00

A Donor Advised Fund Can Be the Glue That Keeps a Family Together

America is experiencing a growing interest in genealogy. There are even TV shows on the subject, and one common theme is that our memory and knowledge of family is fragile. We’re lucky if it extends three generations. Do you know your parents’ cousins’ children? Why is it that family ties so easily come undone? Part of [...]

A Donor Advised Fund Can Be the Glue That Keeps a Family Together 2019-03-15T13:49:03+00:00

Legacy is More Than Passing Wealth between Generations

Wealthy families lose their money every day. Statistics show that 70% of the family fortunes created in America are gone in two generations and 90% within three. One of the factors contributing to this dismal record is a misunderstanding of what comprises a legacy. Legacy is more than the sum total of the material assets one [...]

Legacy is More Than Passing Wealth between Generations 2019-03-15T13:50:17+00:00

What Will Your Legacy Be

We all leave a legacy that has nothing to do with the assets that comprise our estate. We can have absolutely nothing, no material possessions at the end of our life, and still we have a legacy. That legacy is our story and our values. Those are what we pass on to our children and grandchildren. [...]

What Will Your Legacy Be 2019-03-15T13:50:52+00:00

Creating a Legacy within a Legacy

We’ve all heard the expression Shirtsleeves to shirtsleeves in three generations—one generation accumulates the money and the next two spend it down to zero or thereabouts. Shirtsleeves-to-shirtsleeves seems to put the blame for dissipating the family wealth on the backs of the children and grandchildren. But is that the only place it belongs? If the first [...]

Creating a Legacy within a Legacy 2019-03-15T13:52:13+00:00