Philanthropy is a key element of many estate plans but little attention gets paid to the operational considerations in the planning process. This session will review considerations, conflicts and best practices in the areas of Operations, Governance, Investments and GrantMaking, across all forms of philanthropic endeavors, both within and apart from a Family Office Context. We will, however, highlight issues that may be unique to the operation of a Family Office. Issues of succession and transition planning will be addressed as well. The session assumes some level of experience or expertise with the basic entities and operational considerations.
Recognize issues and considerations that should be addressed w/r/t succession and transitions in foundations
Outline considerations for family office executives and advisors with respect to philanthropic activities generally
Discuss skillsets and considerations for families and FO executives when moving across areas of philanthropic activity
Identify how you can help families define Impact and what it means to them - citing examples and best practices depending on different definitions of "impact"