According to Ms. Ann Limburg, head of Philanthropic Solutions and Family Office at U.S. Trust, “Charitable giving is an important dimension of an individual’s or family’s wealth experience and the role of the advisor is correspondingly so. Therefore, the better advisors are at addressing their clients’ philanthropic needs, the more likely they’re to enhance their client relationships and grow their business.” While at the Calgary Foundation, Laily led and co-authored articles that demonstrated the value of having a trusted philanthropic advisor at the planning table when HNW families consider the transfer of their wealth, both during their lifetimes and as part of their estates. In the article entitled “Preserving Family Wealth” can be found some meaningful insights as well as fundamental tools on incorporating family values and passions into planning conversations. For these and other client and advisor insights, visit the Calgary Foundation.
The practice of ‘slowing down to speed up’ has been rooted in my work. “Festina Lente“, the originating Latin adage meaning ‘make haste slowly’, suggests that activities, when performed with a proper balance of urgency and diligence, can deliver sustainable, meaningful results. The National Centre For Family Philanthropy offers richly curated resources to families, private foundations and their advisors to support intentional, deliberate discussions in philanthropy, estate planning, intergenerational succession and more. Laily has been an active NCFP member for over a decade and can facilitate further activation of these competencies.
Some resources handpicked by Laily, click on the book to be redirected.
“Give $mart – Philanthropy that Gets Results” by Thomas Tierney and Joel Fleishman.
Through short stories from donors around the globe, the authors deduce six common questions that repeatedly enabled their individual philanthropic expectations.
A practical and insightful read for individual’s seeking to answer what questions matter most, allowing for relevance to change with time.
“Wealth in Families” by Charles Collier.
A small treasure offering different perspectives on the meaning and use of family wealth as a tool for personal and societal renewal. A resource both for individual families that are looking what to do with their wealth and for family advisors who want to work better with their clients.
“Complete Family Wealth” by James Hughes, Susan Massenzio and Keith Whitaker.
If there is one book that can be shared among successive generations of family and their advisors, this is it!
A comprehensive guide to quantitative (“financial capital”) and qualitative (“intellectual, social, human, & spiritual capital”) wealth management, and the roles these play in flourishing multigenerational families.
“The Voice of the Rising Generation” by Hughes, Massenzio, and Whitaker.
As a parent and family foundation trustee, it is important to understand the next generation perspectives. Millennials, like every generation before them, are keen observers and quick to adapt. We have a lot to learn from them. And, we can only do so by listening to their voices.
“Family Legacy and Leadership: Preserving True Family Wealth in Challenging Times” by Mark Daniel and Sara Hamilton
An appreciation of family legacy begins with an understanding that legacy is as much about the future as the past. The authors go on to emphasize that family leadership is often more about leading from within the heart rather than the head of the table. When family members commit to work collectively, risks are mitigated and exciting opportunities emerge.
“Borrowed from Your Grandchildren: The evolution of 100-year family enterprises” by Dennis Jaffe.
Declared a ‘”compendium of family lessons”, chapters 13-16 will likely become the most referenced sections as families seek to prepare and invest in members of the new, rising generation to become new family leaders and owners.