Family philanthropy is a powerful way to make a positive difference while strengthening family bonds and creating a legacy of compassion and generosity. By working across generations, families can amplify their impact while solidifying family values.
Strengthen Family Bonds
Engaging in philanthropy together can strengthen family relationships. Working towards common goals fosters communication, collaboration, and a sense of shared purpose. It also provides opportunities for family members to spend time together, learn from one another, and build a legacy of giving.
Make a Greater Impact
By pooling resources and efforts, families can have a more significant impact on the causes they care about. Collective giving amplifies the family’s contributions, allowing them to support larger initiatives and make a more substantial difference in their communities and beyond.
Instill Values and Responsibility
Family philanthropy is an excellent way to instill values of generosity, empathy, and social responsibility in younger generations. It provides a practical framework for teaching children and young adults about the importance of giving back and being active participants in creating positive change.
Build a Legacy
Philanthropy enables families to build a lasting legacy that reflects their values and commitments. It offers a way to honor past generations and ensure that their vision and values continue to influence future generations. A well-planned philanthropic strategy can create a meaningful and enduring impact that spans decades.
Address Critical Issues
Family philanthropy plays a crucial role in addressing pressing issues. By dedicating resources to the most pressing challenges of our community, our country, or our world, families can contribute to solving critical challenges and building a bright future.
The NoCo Foundation supports family philanthropy by:
- Providing tools and support to execute family giving strategies
- Facilitating philanthropic planning for families to meet their unique goals
- Connecting families to experts to support with unique financial situations, like business transfers and family trusts
- Creating opportunities for next gen donors to learn about community issues and paths toward solutions through strategic philanthropy
NoCo Foundation’s experienced staff can help you define your family’s philanthropic mission and identify causes and issues, or even organizations, that align with your family’s values and interest areas. The NoCo Foundation encourages participation from family members of all ages and is happy to advise on or facilitate the inclusion of the family’s youngest members.
Have a fund at the NoCo Foundation?
Contact your fund liaison to get started on your family philanthropy.
New to the Foundation?
Call or email our team today for next steps.
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