Home > Articles > Business & Management > Finance & Investing

  • Print
  • + Share This
This chapter is from the book

Philanthropy Has Emerged as a Shared Interest Among Many Family Members

Besides strengthening our bottom-line financial results, improved family communication and financial coordination has yielded other benefits. As our extended family has reconnected in recent years, we’ve rediscovered much about the wonderful Stuart family legacy and have come to appreciate our common family roots.

We found that many of us share a common interest in philanthropy. E. A. Stuart first set up a foundation back in 1937, and additional foundations have been established by virtually every generation of Stuarts since then. Today, these foundations focus the attention of family members on the needs of disadvantaged children, the elderly, at-risk urban youth, schools, and other social issues. Stuart family members quietly give away millions each year in their capacities as foundation trustees and directors. Following in E. A. Stuart’s footsteps, many of us also give substantial sums to charity from our own pockets and spend countless hours working with nonprofit organizations both large and small. Some of these causes are well known and prestigious, whereas others are small and support some of society’s neediest people. I’ll have much more to say about philanthropy as a family bonding agent and component of wealth management in subsequent chapters.

  • + Share This
  • 🔖 Save To Your Account