The Successful Generations Podcast with Ellie Frey Zagel

I so enjoyed my conversation with Richard Seaman. I couldn’t help but ask him question after question. So, I turned our conversation into three episodes. In this episode we discuss how family philanthropy helps to engage the passion of the next generations.

This is Part 2/BONUS episode of a three part series.

Enjoy!

Here is the initial question I asked Richard:  

How does family philanthropy play a role in your family business? 

In this episode, we talk about how family philanthropy: 

  • Helps us give back
  • Creates multigenerational sustainability
  • Allows the next generation to explore different passions
  • Provides a teaching role about the community, family business, wealth…
  • Creates stewardship
  • Founder Intent
  • Can bind the family together

We also talk about: 

  • Donor intent
  • Mission creep
  • How trustees reputation can influence the reputation of the foundation and the business