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Episode 051: 3Gen Perspectives on Philanthropy with a Boomer, a Gen Xer and a Millennial

November 14, 2018

In this episode, Ellie Frey Zagel is joined by Colleen Mitchell, Founder and Principal of VENTURE3Philanthropy, and Paige Cornetet, Chief Millennial Officer with Millennial Guru. Combined this power trio make up 3Gen Perspectives, a collaboration and presentation offering they’ve developed and delivered to several family wealth audiences this year.

Each 3Gen Perspectives leader brings a unique generational perspective to the conversation—Colleen is a Boomer, Ellie is a Gen Xer, and Paige is a Millennial. While these friends have a lot in common, their conversation demonstrates how their generation and life experiences influence their views on giving back and how they approach philanthropy.

In this episode:

  • Meet 3Gen Perspectives and hear what philanthropy looks like in their lives (2:40)
  • How do you see your generation participate in philanthropy? (10:55)
  • What are the common giving behaviors of your generation? (16:17)
  • What advice do you offer upcoming generations? (22:11)
  • How does your generation define success and impact? (29:17)
  • Tips to take (32:25)

Notable & Quotable:

For my generation, community is global. —Paige Cornetet, Millennial perspective


Boomers think about giving and philanthropy in a 3-S context—strategic, stewardship and succession. —Colleen Mitchell, Boomer perspective


We’ve been the “next generation” for a long time. We’ve had a 20+ year runway. We’ve paid our dues and there should be a level of respect that comes with that. —Ellie Frey Zagel, Gen X perspective


Avoid the ‘philanthropic Bermuda Triangle’ at all costs. It’s ego, power and money swirled around with a sprinkle of insecurity. —Colleen Mitchell, Boomer perspective


My generation gives in time, talent and ties. —Paige Cornetet, Millennial perspective


Find your passion in philanthropy and run with it. —Ellie Frey Zagel, Gen X perspective


 

Resources:

Generation Impact: How Next Gen Donors Are Revolutionizing Giving by Sharna Goldseker and Michael Moody

 

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Want more of Successful Generations? Check out our other episodes: 

Episode 050: What I’ve Learned in 50 Episodes with Guest Host Chad Zagel
Episode 049: The Hidden Challenges of Wealth and the Path to Thrive with Kristin Keffeler
Episode 048: Family Champions with Joshua Nacht, Ph.D.
Episode 047: Power20—Combating Negative Self-Talk
Episode 046: Critical Conversations for Succession Planning with Rochelle Clarke
Episode 045: Exploring Donor-Advised Funds with Fund Holder Bob Roth
Episode 044: Philanthropic Due Diligence with Lynne Ferrell
Replay: A Legacy Lost with Douglas D. Box
Episode 043: Why Hire a Family Business Consultant with Drew Mendoza
Episode 042: Blending Passion, Family + Business with Anne Huntington
Episode 041: An Action Plan for Mental Health with Christy Buck
Episode 040: My Journey to Coaching with Ellie Frey Zagel
Episode 039: Selecting the Right Trustee with Attorney Mark Harder
Episode 038: Standing Up in a Male-Dominated Industry with René Banglesdorf
Replay: Answering the Question I’m Always Asked About Philanthropy
Replay: How My Parents Raised Us to Be Business Smart with Paige Cornetet
Episode 037: Making Your Mark on the Family Business with Cara Mackay
Episode 036: Financial Literacy, Leadership and Entrepreneurship for Teens with Whitney Webb
Bonus Episode: Power20—My Reflect and Connect Challenge
Episode 035: Great Governance for Your Investment Committee with Becky Wood
Episode 034: Trapped in the Family Business with Dr. Michael Klein, Part 2
Episode 033: Trapped in the Family Business with Dr. Michael Klein, Part 1
Episode 032: Spendthrift or Tightwad with Dr. Scott Rick
Episode 031: Impact Investing with Jennifer Oertel
Episode 030: Holistic Weight Management with Cynthia Damaskos
Episode 029: Giving Back Through Giving Circles with Dr. Jason Franklin
Episode 028: The Family Business Podcast with Russ Haworth
Episode 027: The Power of Mindset with Dr. Nancy Jonker
Episode 026: Reflections from Four Decades in Philanthropy with Rob Collier
Episode 025: Power20—10 Ways to Set Your NextGen Up for Success in the Family Enterprise
Episode 024: Pump it Up! Strength Training and Leadership Development
Episode 023: Leadership Development and Agility with Greg McCann
Episode 022: Getting Started in Philanthropy with Colleen Mitchell
Episode 021: Taking Over the Family Business with Mitchell Kaneff
Episode 020: Women and Wealth w/ Adrienne Penta
Episode 019: The Allyn Family 2.0, Part 2
Episode 018: The Welch Allyn Family Business Story with Eric Allyn (4th Gen), Part 1
Episode 017: Achieving Your Goals through MasterMind and Peer Groups
Episode 016: Reframing Limiting Beliefs with Ellie Frey Zagel
Episode 015: Beyond the Piggy Bank with Father, Author, and Entrepreneur Clint Greenleaf
Episode 014: More Awareness and Less Stress through Yoga
Episode 013: Raising Children to be Amazing Business Owners with Paige Cornetet
Episode 012: Generous Genes with Susan Crites Price
Episode 011: Digging into the Family Business Landscape with Daniel Van Der Vliet
Episode 010: 10 Things My Family Did to Engage us in Family Philanthropy
Episode 009: Stress Management and Holistic Health with Cynthia Damaskos
Episode 008: Family, Fights and Ferry Tales with Chris Shepler
Episode 007: Raising Financially Responsible Kids Through the Holidays (and Beyond)
Episode 006: Join the Philanthropic Revolution with Michael Moody
Episode 005: Estate Planning 101 aka Estate Planning is Not Optional with Susan Gell Meyers 
Episode 004: Ginny Esposito – Engaging your Family in Family Philanthropy
Episode 003: Leadership, Wellness, and Concierge Medicine with Dr. Bill Baer
Episode 002: Douglas D Box, Texas Patriarch – A Legacy Lost
Episode 001: About Your Host Ellie Frey Zagel

Learn more about Successful Generations:

FB: @SuccessfulGenerations
Twitter: @EllieFreyZagel
Email: ellie@successfulgenerations.com
Instagram: SuccessfulGenerations


Have a topic suggestion?

If you are the next generation of family business, philanthropy and wealth, and have a topic you think we should discuss, let us know at Ellie@successfulgenerations.com.

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Family Philanthropy

Ellie Frey Zagel

Ellie Frey Zagel is 3rd Generation, Vice Chair and Trustee of her family’s foundation the Frey Foundation based in Grand Rapids, MI. For nearly a decade she has been deeply involved in working with the next generation of family business, family philanthropy, and family wealth, first as Director of the Family Business Alliance and now as President of Successful Generations, a company she recently founded.

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