Philanthropy, Heirs and Values : How Successful Families Are Using Philanthropy to Prepare Their Heirs for Post-Transition Responsibilities

by Williams, Roy

• ISBN13: 9781931741514
• ISBN10: 1931741514
• Format: Hardcover
• Copyright: 2005-02-01
• Publisher: Midpoint Trade Books Inc

Summary

This first-of-a-kind book by Roy Williams and Vic Preisser of The Williams Group reveals the hidden power of philanthropy to prepare your heirs for wealth and responsibility. After interviewing 3,250 affluent families, and examining almost 100 family foundations, the authors disclose how successful families are using philanthropy to teach their heirs Values, develop their appreciation for focus on a specific Mission, and instill a sense of Accountability. In many cases, the use of philanthropy as a teaching tool by the family leaders determined whether or not the family remained unified-and financially successful-in their post-transition period. As in their prior groundbreaking book Preparing Heirs C 2003, the authors provide exercises, examples and checklists for each of five major age groups, beginning at age five. The book is easy to read and filled with specific guidance and examples. Viewing philanthropy as a tool to improve your odds of post-transition success adds a new benefit to the traditional rationale behind family foundations and family giving programs.

Table of Contents

Introduction	1	(10)
Philanthropy in the USA	11	(8)
The Failure Rate of Estate Transitions	19	(12)
Failure Causes and Philanthropy	31	(14)
Age 5 to 10, - Awakening Years	45	(14)
Age 11 to 15, - Exploring Years	59	(20)
Age 16 to 20, - Developing Years	79	(16)
Age 21 to 30, - Applying Years	95	(16)
Beyond Age 30, - Mentoring Years	111	(18)
Measuring the Readiness of Heirs	129	(4)
Summary and Conclusion	133	(12)
Appendix A -- Research-91 Family Foundations	145	(4)
Appendix B -- ``The 70% Failure Rate'' - Sources	149	(4)
Appendix C -- Selecting A Family Coach	153	(4)
Appendix D -- Comments on ``Mentoring Heirs''	157	(4)
Appendix E -- Saving The World's Cats	161	(4)
Appendix F -- Resources of The Williams Group	165