CHAPTER 23Family Philanthropy
The Benefits of Family Philanthropy
Philanthropy can powerfully assist a family in shaping its values and, through its organization and practice, it can also teach a family how to govern itself.
Philanthropy is, perhaps, the fundamental expression of personal and family values. If the family mission statement is an expression of these values, philanthropy is often the best way to move them into practice. Philanthropy can often be a means for family members who are isolated from society by their wealth to connect with the larger issues of the world and to find an active and meaningful place in it.
From Carnegie and the Astors, in the nineteenth century, to Gates, Buffett, and Zuckerberg today, American society ...
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