A closer look Family Dynamics and Philanthropy

In Brief

• Family philanthropy can be a rewarding and effective way to make a positive social impact, but family dynamics can often get in the way of the most well-meaning efforts.
• A solid governance system improves communication and decision-making and ensures that all family members understand their roles and how they fit into their family’s philanthropic mission.
• Good governance can also have a positive effect on family dynamics beyond the family’s philanthropic endeavors.