Giving Compass' Take:

• In this podcast, Michael Gordon Voss interviews Mary Jovanovich, Senior Manager for Relationship Management at Schwab Charitable, and Suzanne Wheeler, Managing Director at Mariner Wealth Advisors, about leveraging intergenerational strategies for greater impact in family philanthropy. 

• Creating a tradition of giving in your family is crucial, mainly because there will be a massive wealth transfer to the next generation from 2007 to 2061. How can donors start to think about successful generational planning?

• Learn about next-gen philanthropists and what they want. 

MICHAEL GORDON VOSS: Welcome to Season 2 of Giving with Impact, an original podcast series from Stanford Social Innovation Review, developed with the support of Schwab Charitable. I’m your host, Michael Gordon Voss, publisher of SSIR. In this series, we hope to create a collaborative space for leading voices from across the philanthropic ecosystem to engage in both aspirational and practical conversations around relevant topics at the heart of achieving more effective philanthropy.

A 2014 report by the Center on Wealth and Philanthropy at Boston College estimated that $59 trillion will be transferred to the next generation from 2007 to 2061, the largest wealth transfer in US history.

Lifetime giving to charity in that same period is estimated to be $20.6 trillion. At the same time, there’s an increasing desire among families to work together to use their resources to solve social challenges, with longer lifespans and greater understanding of the benefits of multi-generational philanthropy having encouraged more multi-generational collaboration. And while a variety of challenges can compromise the work, successful intergenerational giving strategies can foster an ongoing tradition of giving, making an impact on issues the family cares about and deepening family relationships.

What contributes to these successful strategies? To help answer that question, we’re joined today by two individuals with extensive experience in family giving. Suzanne Wheeler is the managing director at Mariner Wealth Advisors. Suzanne is a certified financial planner with more than two decades of experience helping her clients navigate legacy planning, as well as the array of day to day challenges life can bring. Previously, Suzanne was cofounder and director of Adams Hall Wealth Advisors. She holds a bachelor’s degree in finance, with an emphasis on financial planning from Northeastern State University.

Joining us once again is Mary Jovanovich, Senior Manager for Relationship Management at Schwab Charitable. Mary joined Schwab Charitable in 2015, and has more than 10 years’ experience with Charles Schwab & Company. Mary is involved as a board member with Dress for Success, Indianapolis, and also serves on both the Integrating Women Leadership Foundation board and Indiana Wesleyan’s Alumni board.

Listen to the full podcast about family philanthropy featuring Suzanne Wheeler, Mary Jovanovich and Michael Voss at Stanford Social Innovation Review.