Philanthropy: The delights and dangers

We’ve seen first-hand the impact that philanthropy can have. We’ve observed wealthy families transform the lives of others, often in novel and audacious ways. Whether it has been through direct support for those in poverty – at times, literally feeding the hungry, funding educational scholarships for the intellectually rich but financially disadvantaged, supporting the economy at large by investing time and energy in young entrepreneurs, or advancing aspects of medical research for the good of all. It has been a privilege to see family wealth used so powerfully. In addition, philanthropy has often been used as a vehicle for the next generation to get involved early in the stewardship of family resources – again, with great positive effect.