A closer look Family Dynamics and Philanthropy

Caroline W. Hodkinson

Nov 26, 2018
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In Brief

  • Family philanthropy can be a rewarding and effective way to make a positive social impact, but family dynamics can often get in the way of the most well-meaning efforts.
  • A solid governance system improves communication and decision-making and ensures that all family members understand their roles and how they fit into their family’s philanthropic mission.
  • Good governance can also have a positive effect on family dynamics beyond the family’s philanthropic endeavors.

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Head of Philanthropic Advisory
Senior Fiduciary Counsel
Photo of Donna Trammell
Head of Family Wealth Stewardship