Raising Financially Resilient Kids
The Importance of Developing Financial Literacy and Generosity in The Next Generation: Every family is unique, but virtually all parents hope their children will grow up to be confident, self-sustaining, and happy as contributing members of society. Families of significant means face unique challenges in this arena, however, because the same wealth that affords them […]
How Philanthropy Unites a Family
Giving together can create a lasting bond. “Philanthropy has the power to bring a family together,” says Pegine Grayson. “It can be life-changing, not just in its impact on a community, but also its impact on the donors.” Invitation to Share As Director of Whittier Trust’s Philanthropic Services department, Grayson and her team help high-net-worth families meet their […]
Charitable Giving is Personal & Your Plan Should Be Too
Customizing your charitable giving plan is a game changer When someone makes the decision to give back, it’s almost always motivated by a desire to make a difference and, hopefully, to make the world a better place. For those stewarding wealth through a family foundation or charitable trust, having a customized plan is vital to […]
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 […]