not-just-for-profit.com Blog

When managing our wealth we might consider the question “what is wealth for?”. For wealth to accomplish its purposes there are many issues to consider including individualised investment portfolios that meet financial objectives, governance structures and taxation.

But the creation and preservation of wealth is usually not the only purpose. If we want a “better future” for our children, to keep our families together in an increasingly global world, and prosper from this global world, we look at issues of next generation education and philanthropy. These are now increasingly issues of great significance and they tie in nicely together. When you get your whole family involved in your philanthropic initiatives you are not only building a better future for all children but you are educating your own at the same time. The next generation will gain business and organisational skills, get personally involved in philanthropic initiatives, the family gets closer together and the world becomes a safer, more prosperous place – a great way to be strategic about your giving and managing succession!

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