Studies have shown that family philanthropy is not only a great tool for multi-generational planning but also can lead to a stronger family. The benefits range from better familial communication to increased happiness. Younger family members have shown more leadership skills, higher academic achievement, and an awareness of how they can contribute to others’ well-being through the philanthropic process.

See Justin Miller “The Benefits of Family Philanthropy ” WealthManagement.com (August 18, 2014)

Posted by Ryan Moore, Associate Editor, Wealth Strategies Journal