Nearly 3 in 5 U.S. family foundations engage younger family members, and more than 40% say they expect to add to or increase the number of younger-generation family members on their boards in just the next four years. This is an encouraging trend, especially for those of us who believe that these important institutions can have a much greater impact if they can keep the family productively engaged in their work. But, for some families, the transition can be rocky. Many family foundations report trepidation about how to properly engage that next generation in their operations. Virginia Esposito, founder of the National Center for Family Philanthropy and editor of the forthcoming book Splendid Legacy: The Guide to Creating Your Family Foundation, will share insights for advisors on how to help families engage multiple generations in their work. Drawing from two decades of working closely with families, and from resources such as Splendid Legacy and NCFP's Generations Together online curriculum, Esposito will offer an engaging look at the challenges advisors face when they are working with multigenerational families and provide practical advice on how to manage these complex relationships. The session will include real-life examples of the issues that are associated with engaging multiple generations of families, and will feature insights from a member of a successful philanthropic family. Attendees will learn how to:
1) help families unearth and articulate their shared values
2) encourage next-generation family members to explore philanthropy
3) lead frank conversations about partnerships and power, with the goal of preparing the next generation to understand and appreciate its responsibilities
Ginny Esposito, President, National Center for Family Philanthropy, Washington, DC
Ginny is the founding president of the National Center for Family Philanthropy, the only national organization devoted exclusively to advancing and supporting the charitable giving by donors working with their family members.
Now in her 19th year at NCFP, Ginny has served as researcher, author and/or editor for Splendid Legacy: The Guide to Creating Your Family Foundation; The Power to Produce Wonders: The Value of Family Philanthropy in a Democracy, The Family Foundation Library Series (Grantmaking, Family Issues, Governance, Management), The Family Foundation CEO: Crafting Consensus out of Complexity, and others.
She is a frequent speaker on family philanthropy on topics have included effective governance, working across generations, transitions in family philanthropy, executive leadership of family foundations, and the role of the donor advisor in supporting family giving.
Before joining NCFP, Ginny worked for 18 years at the Council on Foundations, where she founded the council’s program on family philanthropy.