Philanthropy & Family Offices
Do they go together?
Philanthropy is more than just a buzzword—It’s a way for high-net-worth families to make a lasting impact on their communities.
And family offices are taking note.
Traditionally viewed as an accessory, philanthropy is now a core piece of many family offices.
Along with preserving their wealth, families are seeking ways to make a difference in their communities and causes they’re passionate about.
Family offices utilize various structures to manage their philanthropic activities, such as trusts and foundations.
These structures provide flexibility and control over how funds are allocated and managed.
Trusts and foundations offer tax advantages, making them attractive options for philanthropic endeavors.
By carefully selecting the right structure, families can maximize their impact and efficiency.
It’s not just about giving back; it's about making a meaningful impact.
Many family offices are focusing on initiatives that drive systemic change rather than one-time donations.
This approach involves strategic planning and collaboration with other organizations and stakeholders.
By targeting root causes, families can create sustainable solutions to complex problems.
As the landscape of philanthropy continues to evolve, family offices must adapt to changing expectations and opportunities.
By embracing innovation and collaboration, they can maximize their impact and drive meaningful change.
Philanthropy is no longer a side activity; it's a vital component of a comprehensive wealth strategy.
Family offices that prioritize philanthropy are not only preserving wealth but also building a better future.
That’s why philanthropy is a core tenant of our business.
Thanks for reading!
Jake Claver, QFOP
P.S.
Check out my website with links to everything I’m working on at JakeClaver.com