For many family businesses, a culture of values and responsible ownership comes naturally. So it’s no surprise that business growth often translates into growth in philanthropic commitment.
Giving back yields substantial dividends, both inside and outside your firm. Not only can it be a positive extension of your family’s values into the world, family philanthropy can also be an excellent way to teach the next generation about financial stewardship and the good that wealth can accomplish — while deepening intergenerational bonds, further strengthening your business.
But how best to achieve the positive impact you desire? As with any other aspect of your business, a philanthropic enterprise must be planned carefully and executed with precision.
Whatever your philanthropic vision, and whatever its form — be it through the family firm, the family foundation(s), or as an individual family member — we can help you make it a reality. At PwC, we adopt a simple, highly effective approach:
Stage I: Developing your philanthropy road map
Stage II: Analysing the full spectrum of opportunities
Stage III: Making the investments
Stage IV: Monitoring the impact against your philanthropic goals
A successful family philanthropy can be a wonderful testament to a family’s values. It can be the realisation of a meaningful shared or personal vision. And it can bind together a family across generations, reinforcing the special and powerful quality that makes family business exceptional.
We invite you to contact us to explore how we can help you extend your values into successful philanthropic enterprises.