Wealth Management: How to Discuss Wealth and Values With Your Family
Steps to jumpstart these important discussions about legacy Wealth and values play a starring role in family philanthropy, whether through a private foundation or a Donor Advised Fund. However, wealth and values conversations can be daunting to undertake for some families. “For fear of being divisive or difficult, many families avoid the conversation completely,” says Ashley […]
Planned Giving & Choosing Wisely
How to focus your philanthropic activities for maximum impact If you’re starting your journey toward philanthropic giving, either because you’re launching something new or because you’ve inherited a role in a family foundation, all of the options for charitable contributions can feel overwhelming. From environmental causes to poverty relief—and everything in between—the options are endless. Rather […]
Mission: Philanthropy and Planned Giving
Bringing the philanthropic goals of the past and present generations together Many Whittier Trust clients have a family foundation that has been in existence for multiple generations. The foundation may have been set up by great-great-great grandparents who determined its mission and values. Fast forward three or four generations and a lot has changed. The […]
Trust Services: Foundation Administration
What an executive director needs for success behind-the-scenes Oftentimes families appoint a family member to be the executive director of their foundation. This is perfectly legal and makes sense, as that person can be the voice of the family, promote the mission of the foundation within the community and surface appropriate grantmaking opportunities as part […]
Our View
The Policy Path Ahead It is rare to see two consecutive weekly declines of –5% in the stock market. We have unfortunately witnessed this negative outcome in the last two weeks. And sentiment remains bearish through this week as well. We share some thoughts on the –11% decline in the S&P 500 index since September […]
6 Considerations Before Starting a Private Foundation
These essential questions will inform the direction of your charitable giving endeavors. The first thing to know about starting a private foundation is that it’s not your only option when it comes to philanthropic giving. A donor advised fund (DAF) is another popular grant-making entity available to you. “The entities are very different in terms […]
It’s a Match
Whittier Trust has a team of more than a dozen dedicated professionals responsible for protecting and growing all of our charitable clients. The passion these skilled matchmakers have for the philanthropic field is never more apparent than when they have the opportunity to connect Whittier Trust nonprofit endowment clients to Whittier Trust grant-making clients. Philanthropic […]
Whittier Trust Presents: Philanthropic Best Practices for Interfacing with Grantees and Applicants
We are often asked by folks who are relatively new to philanthropy – especially younger family members as they begin to get involved with their family’s philanthropy – if we have a list of do’s and don’ts for interfacing with grantee organizations. Because every family’s philanthropic journey is unique, we’ve been reluctant to come up […]
Seven Steps to Involving the Next Generation in Philanthropy
As a parent, it can be challenging to find meaningful ways to integrate your children into your philanthropic efforts. Factors such as age, interests, and financial status all play into how you handle introducing your children to your family’s philanthropic goals. At Whittier Trust, we channel our years of experience into tailored solutions that help […]
Seven Steps to Involving the Next Generation in Philanthropy
As a parent, it can be challenging to find meaningful ways to integrate your children into your philanthropic efforts. Factors such as age, interests, and financial status all play into how you handle introducing your children to your family’s philanthropic goals. At Whittier Trust, we channel our years of experience into tailored solutions that help […]