News
Philanthropy
Training The Next Generation: Creating a Junior Board
What skills in communication and leadership are learned being involved in the family company or foundation?
Preparing the next generation to responsibly take over can begin with their involvement in a Junior Board.
This seminar offers insight into what works and what doesn't work using real life scenarios, as well as demonstrates the benefits of starting a Junior Board and the valuable role it will play in the family's future.
One critical consideration that Oppenheimer discovered is that the success of the Junior Board to sometimes depends on the limits of autonomy. The individual members of the Junior Board will possibly want to have their own identity rather than emulate their parent's identity.
Training The Next Generation: How to be Responsible Not Entitled With Managing Wealth
The responsibility of wealth falls on the shoulders of both parents and children. The term "idle rich" is a cliché.
The effects of non-productivity are well documented. Explore the options of giving money to our children: from giving an allowance to giving a trust fund.
What are the consequences?
Our children must learn that productivity is the key to their happiness, and that their first job is a rite of passage to autonomy. Learn how to teach your offspring to be productive, well balanced members of society.
How do you choose a trust officer? What should you expect from a trustee?
Obviously, there are extremes on both sides of the coin. Finding the right balance, and ensuring our children have the tools necessary to negotiate the rest of their lives is the focus of this seminar. Family members learn that the most important impact on their wealth is not the actions of the FRB (Federal Reserve Bank) but the results of the FBR (Fast Burn Rate.).
Philanthropy: Sharing The Wealth and Dream
Getting your family started in philanthropy is healthy, rewarding and educational.
Learn to use philanthropic work to strengthen the bonds of the family and open the doors to your passion. This seminar covers most areas of philanthropy by discussing governance, grant making, self-dealing, types of charitable entities and board responsibilities.
By starting a foundation while you are still around allow your heirs to learn from you what is important. Shouldn’t your children learn about philanthropy from you, on a first hand basis? Getting your children involved from an early age can teach your kids what it means to share the wealth and give back to their community. In the process the family members will learn the basics of business from budgeting to reading a financial statement. In philanthropy, there are two winners: the giver and the receiver. It is through philanthropy that many family members will find their own voice and passion.
