PARSA Community Foundation
an important and increasingly popular way for families to come together around
shared values, develop a strong sense of social responsibility while also
supporting a community and providing tax benefits. Family involvement in
philanthropy can take many forms, from volunteering together as a family all the
way to leaving a legacy through a family foundation. Involving your family in
philanthropy as early as possible can be done in many ways:
young children to community events, volunteer activities or museums and
cultural activities and discuss with them why you in engage in these
activities and support certain causes. Ask them to talk about what they care
elementary age children to be more actively involved in voluntary
activities, make small charitable contributions, request contributions to a
cause of their choice in lieu of some birthday gifts, and become involved in
youth groups and school civic activities.
high school-age children can be encouraged to donate to causes they believe
in, organize their own charitable endeavors or groups, participate in school
service-learning activities, and discuss political and community issues.
can sit together around the dinner table and make their decisions about what
causes to support, but families with substantial assets may need to take some
extra steps. When making financial decisions, discussing your values with your
heirs early allows you to select a philanthropic strategy, instruments and
causes that are agreeable to your whole family, Children and grandchildren can
be appointed advisors, trustees or board members of family donor advised funds,
charitable trusts or private foundations and can play active roles as these
legacies are passed down from one generation to the next.
Some things to
consider when you plan with your family include:
What does your
family value and what will be the strategic focus of your charitable
What is your
budget and how can you spend it with the most impact?
budget and your long-term financial goals best matched with individual
contributions, donor advised funds, charitable trusts or even family
family's philanthropy will include donor advised funds, charitable trusts or
private foundations, how will the legacies be governed and passed-down?
information and resources see
learningtogive.org - concrete suggestions for
encouraging giving for children of all ages.
A guide to giving for
kids written by a 14 year-old girl.
families to help them make their philanthropy highly effective and strategic.
... Payvand News - 05/13/08 ... --