In an article published by Legacy Capitals titled, Engaging Families in Philanthropy 3.0, we write: When people think of philanthropy, they typically envision affluent people writing large checks to nonprofit organizations, but the true scope of philanthropy has far greater impact and complexity. Etymologically, the word philanthropy refers to the love of humanity or promoting
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In chapter five of my book Legacy, I address the question that is on the hearts and minds of parents, especially parents of financially successful families, and that is: How do I prepare my children for the opportunity and responsibility of wealth? I addressed this question in a prior blog titled: 4 Parenting Tips for
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In chapter five of my book Legacy, I address the question that is on the hearts and minds of parents, especially parents of financially successful families, and that is: How do I prepare my children for the opportunity and responsibility of wealth? Here are four of the ten tips provided in my book. Principle #
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When people have infant children at home, they tell themselves that the next stage of parenting will be easier—more sleep, less worry. They, of course, are wrong (but we should probably wait a few years to break the bad news to them). When parents of school-aged children run taxi service to afternoon activities, offer assistance
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One of the greatest challenges financially successful families have is how to talk about their wealth with their children. More specifically, we at Legacy Capitals are commonly asked by parents (aka, wealth holders), “Should we talk about our family wealth with our children?” “If so, at what age do we start talking about the money?”
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Recently my wife and I experienced a lovely getaway to Newport, Rhode Island. In addition to enjoying the restaurants, shops and boats, we spent much of our time at the International Tennis Hall of Fame Club (ITHF) playing tennis. While talking to the ITHF Director of Tennis, I began to learn about the mission of the
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