5 Mistakes Wealthy Families Make in Philanthropy and How to Avoid Them
Family philanthropy has the power to shape a legacy across generations, but without clarity, even generous giving can become fragmented and lose impact. Too often, affluent families approach philanthropy as a series of one-off transactions rather than a long-term strategy.
In my work with high-net-worth individuals I see the same mistakes repeated: no clear values, excluding the next generation, reactive giving, lack of structure, and failing to pass down the story behind the giving. These oversights weaken impact and risk leaving heirs with money but no meaning.
Philanthropy done well is not about writing checks, it’s about writing history. When families ground their giving in values, bring in their children early, establish systems, and preserve their narrative, their wealth creates legacy, not just generosity.
Emerging Trends in Philanthropy
Philanthropy is Evolving. Is Your Nonprofit Keeping Up?
The future of giving is being shaped by rising donor expectations, digital innovation, and bold new funding models. Today’s donors want more than a thank you - they want transparency, impact they can see, and experiences that feel personal. From AI to impact investing, donor-advised funds to crypto, nonprofits must adapt or risk falling behind. The organizations that will thrive are those willing to innovate, listen deeply, and build real trust - because in this new era, connection is currency.
Skeptical about nonprofits?
In an era of increased scrutiny, ensuring your charitable donations create a real impact is more important than ever. Before you give, ask yourself critical questions about impact, funding allocation, and long-term strategy. Protect your giving by reviewing nonprofit transparency policies and requiring accountability measures. Thoughtful, strategic giving ensures your contributions drive meaningful, lasting change.
How Nonprofits Can Diversify Their Funding Sources
Diversifying funding sources is vital for nonprofits to achieve financial stability and reduce dependency on a single revenue stream. From individual giving and corporate partnerships to foundation grants and creative campaigns, nonprofits have a wealth of opportunities to secure financial resilience. This blog explores actionable strategies and data-driven insights to help your organization grow and sustain its impact.
Small Business Philanthropy: A Win-Win for Business and Community
Small businesses play a vital role in their communities. Discover how philanthropy can enhance your business’s public image, increase customer loyalty, boost employee satisfaction, and improve financial performance—all while making a meaningful impact in your community.
Cut through the overwhelm and choose the right cause to support.
Feeling overwhelmed by the number of nonprofits you could support? Start with your values, set clear goals, and research strategically to align your giving with causes that truly matter to you. Discover how to cut through the clutter and make a meaningful impact.
Hey, Nonprofits - here are common reasons funders reject grant requests.
From funder priorities to clarity and budget issues, learn the common pitfalls and how to sidestep them to create standout proposals that increase your chances of success.
Taxes and charitable contributions
Did you know that charitable giving can benefit not just your favorite nonprofits, but your finances too? Strategic philanthropy can amplify your impact while potentially offering tax benefits.
Finding the right charity: aligning your values with your giving.
Giving back feels incredible, but deciding where to direct your support can feel overwhelming. With thousands of nonprofits vying for attention, how do you ensure your contributions truly align with your values and goals? This blog breaks down four simple steps to help you give with intention.