Philanthropy is often described as society’s “risk capital.” Our generosity can support causes and ideas that business and government agencies cannot or will not. We can use our resources to inspire new ideas, challenge existing thinking, or continue supporting an organization when others won’t. However, the idea of risk in philanthropy quickly muddies as we direct our generosity through a family foundation, donor-advised fund, or other collective effort. Our ideas about and tolerance for risk diverge, shaped by individual, family branch, professional, and other experiences.
In this Passages Issues Brief, you’ll learn how generous families can assess philanthropic risk, tame and mitigate risk, and even expand their comfort zone to
embrace uncertainty. The issue also should be helpful to other types of grantmaking committees and their staff members.
Read the full article about risk in family philanthropy by Tony Macklin.
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Looking for a way to get involved?
Family Philanthropy is a fascinating topic, and others found these events, galas, conferences and volunteering opportunities aggregated by Giving Compass to be relevant for individuals with a passion for Family Philanthropy.
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In addition to learning and connecting with others, taking action is a key step towards becoming an impact giver. If you are interested in giving with impact for Family Philanthropy take a look at these Giving Funds, Charitable Organizations or Projects.