Philanthropy Can Be a Family Affair

• < 1 min read

Grandmother and grandson working together on a laptop computer.

Get the Latest Research & Insights

Sign up to receive an email summary of new articles posted to AMG Research & Insights.

CTA Form - Research & Insights - Short
Email Address*    
 
AMG does not sell or rent personal information to third parties. By providing my information, I agree to AMG’s Security & Privacy policies. I also agree to receive emails from AMG and understand that I may manage my subscriptions at any time. 
   
   
   
   
Grandmother and grandson working together on a laptop computer.

Many people are discovering charitable giving is a great way to strengthen family bonds while teaching children and grandchildren about their family’s values and traditions. A number of our AMG clients have made philanthropy a family affair and are cultivating the next generation of donors and building their social awareness at the same time. Here are some tips:

  • Talk to your family about what matters to you and them. Tell them why and how you choose to support certain charities. Ask them what charities and causes they are interested in and why.
  • Encourage them to create their own tradition of supporting a needy cause by volunteering and donating annually.

If you have created a foundation or donor-advised fund:

  • Ask family members to share in the foundation you have created and involve them in the foundation’s investment management.
  • Assign a set dollar amount from which each family member can direct distributions for their own charitable giving. These family members, under your foundation, are creating a charitable tradition of their own.

The AMG Charitable Gift Foundation can help you create a family tradition of philanthropy and a lasting legacy.

This information is for general information use only. It is not tailored to any specific situation, is not intended to be investment, tax, financial, legal, or other advice and should not be relied on as such. AMG’s opinions are subject to change without notice, and this report may not be updated to reflect changes in opinion. Forecasts, estimates, and certain other information contained herein are based on proprietary research and should not be considered investment advice or a recommendation to buy, sell or hold any particular security, strategy, or investment product.

Get the latest in Research & Insights

Sign up to receive a weekly email summary of new articles posted to AMG Research & Insights.

CTA Form - Research & Insights - Short
Email Address*    
 
AMG does not sell or rent personal information to third parties. By providing my information, I agree to AMG’s Security & Privacy policies. I also agree to receive emails from AMG and understand that I may manage my subscriptions at any time.