Philanthropy often takes on a significant meaning for high-net-worth families, who can be as passionate about supporting causes meaningful to them as they are about making sure giving back is a shared familial value — creating an extended legacy of charitable giving.

High-net-worth families, here are some tips to help you pass philanthropic beliefs and values to the next generation.

Understanding the difference between beliefs and values may be confusing — though either can be used as a guiding principle in life, there is a substantial difference.

Beliefs are assumptions we generally accept to be true regardless of whether they are supported by hard, factual, and empirical evidence. Beliefs come from learned experiences and can greatly influence values.

How Can You Pass Philanthropic Beliefs and Values to the Next Generation?

  • Share Your Family’s Philanthropic Narrative
  • Invite Your Younger Family Members to Philanthropic Activities
  • Teach Your Younger Family Members How to Evaluate Charities

Read the full article about family philanthropy at Medium.