Your passion for giving reflects your deep sense of purpose and commitment. To make your philanthropy even more meaningful, consider involving your adult children in the process, creating a family legacy of generosity.
Including your family not only amplifies the impact of your giving, but also fosters lasting memories and instills important values about giving back. Here’s how you can engage your family in this rewarding journey.
Setting the Stage
Before discussing charitable giving with your children (and possibly grandchildren), it’s important to identify what you hope to convey.
Some people wish to share why they support the causes they support simply to inform their family. Others seek to inspire future generations to get involved in family giving or carve their own path. Still others want to expand and enrich their giving by tapping into the interests of their children or grandchildren.
No matter your purpose, it’s important to find the right time and place to hold these money conversations.
Assembling the Players
As you contemplate your approach, identify the goals and purpose for your gathering. Determine ahead of time what you hope to achieve — and communicate this to your family.
If your family regularly gets together, think about your traditions and when a conversation about giving might fit into your activities.
Select a time when everyone is available and in a reflective mindset — perhaps during the holiday season, when gratitude is already top of mind.
Writing Your Script
There are many ways to engage family members in a conversation about giving. Where you start and how you approach the conversation will depend on your goals and how much your family already knows about the charities and causes you support.
Here are some ideas for getting started.
Share your story. Bring your family up to date on the causes you support and why. If you’re continuing to support causes or organizations championed by your parents or grandparents, share that connection — it could serve as a meaningful foundation for building a legacy of family giving.
Ask family members about their values. Encourage conversation around the organizations or causes important to your children. They may be drawn to causes you had not considered — and these new ideas could amplify the joy you get from giving while uniting your family around a common cause.
Develop a family mission statement. Strengthen family bonds and align thinking around giving by creating a family mission statement. While it will take some effort to boil down diverse thoughts and ideas into a few sentences, a clear mission statement can become the north star that guides your family’s legacy of giving.
Some examples: “Our family supports children for whom daily life is a struggle” or “We believe education is essential to creating a better tomorrow, so we support institutions of higher education that nurture entrepreneurs and leaders.”
Establish a framework for decisions. Should you choose to give as a family, discuss in advance whether everyone needs to agree on organizations and causes to support or whether family members can donate to any cause they wish. Disagreement doesn’t necessarily mean a disconnect. It can be a path to honoring divergent values through a shared heart for giving.
Closing Thoughts
Family charitable giving is about more than writing checks — it’s about building a legacy of compassion and shared purpose. Together, you have the power to create meaningful change in the world while strengthening your family bonds. By collaborating on philanthropy, your family can inspire future generations to continue the tradition of giving back.
In the words of Ralph Waldo Emerson, “The purpose of life is not to be happy. It is to be useful, to be honorable, to be compassionate, to have it make some difference that you have lived and lived well.” Let your family’s charitable giving reflect that timeless wisdom.
