Most of us want to do more to make the world a better place. We think about the bigger issues facing our communities, our environment, and people in need, and we want to do more to help. The things that hold us back tend to be the same for most of us: time and money. We have to take care of our smaller bubbles—our families—before we can tend to the larger ones.
But what if you could find a way to merge the two? What if you could make philanthropic giving a family affair, where you spend more time together while also helping to make the world a better place?
3 Steps to Get Your Family Invested in Giving Back
The truth is children are never too young to be introduced to the joys and rewards of giving back. From volunteering in the local community to just talking about what different charities you support and why, there are a lot of different ways you can start involving kids of different ages in philanthropy.
To begin a family giving effort, here are a few key ideas to consider:
1. Give every family member input – Have a family meeting where you talk about wanting to do something together to make a positive difference in the world. Discuss the things that are important to your family and potential areas where you would like to focus your efforts. Let everyone have a voice and a say, even the youngest ones.
2. Settle on a cause (or causes) to support – Figure out what’s most important to your family and identify the organizations you will help. Next figure out how you can help them. Will it be by contributing your time? Your money? Find a common goal that really energizes your family members.
3. Work toward achieving your common goal – If you will be raising money for an organization, figure out a way everyone can be involved and contribute. Make it more than just a donation; make it a team effort. Show the commitment and sacrifice involved so that it’s meaningful and fulfilling for your whole family.
The resource available for download below outlines some more ideas for getting your family more involved in philanthropy—from the very early stages to highly advanced ideas like creating a private foundation.
Looking to do more that matters with your wealth? We can help! Connect with Trove Private Wealth™ today to start a conversation.
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