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Episode 004: Engaging Your Family in Philanthropy with Ginny Esposito

November 22, 2017

family philanthropy

Ginny EspositoThe question I get asked the most, is “Ellie, how can I engage my family in philanthropy?” In this episode, Virginia “Ginny” Esposito, Founder of the National Center of Family Philanthropy, highlights what family business is and common trends in the work she has been in for over 30 years. She has lots of wisdom for parents and great resources, whether you are just getting started or if you’ve been giving for decades.

Topics discussed in this episode:

  • About Ginny Esposito (1:43)
  • What is family philanthropy? (3:56)
  • Trends in family philanthropy (11:51)
  • Issue-based vs. place-based giving (14:45)
  • Engaging family in family philanthropy (28:30)
  • Resources (38:20)
  • Why are you engaging your family? (something to consider) (45:00)
  • Bonus Questions (46:12)

Right-click here and Save As to download episode to your computer. 

Notable and Quotable:

“Family philanthropy has been around as long as there have been families.”—Ginny Esposito #familyphilanthropy #successfulgenerations


“Many times the tradition of giving precedes wealth in the family. Giving is part of a family’s culture.”—Ginny Esposito #familyphilanthropy #successfulgenerations


“Philanthropy often starts at the kitchen table…with family talking about what’s important to them.”—Ginny Esposito #familyphilanthropy #successfulgenerations


“The cause—whether it is an alma mater, a house of worship, or an issue like cancer that has personally touched a family member — can become the glue that focuses a family.”—Ginny Esposito #familyphilanthropy #successfulgenerations


What goals do you want to accomplish on behalf of a place or a cause? #familyphilanthropy #successfulgenerations


“Philanthropy in a family starts with what any parent wants for their children—character building, a sense of empathy, a sense of generosity, a sense of community, and our obligations to the community, especially if we’ve been given great gifts.”—Ginny Esposito #familyphilanthropy #successfulgenerations   


“I introduce children to philanthropy based on what they care about.”—Ginny Esposito #familyphilanthropy #successfulgenerations


“When wealth is involved, a few things become very important for children: teaching about financial literacy, respectful relationships rather than a power-based relationships, and wealth apart from the family’s name are examples.” —Ginny Esposito #familyphilanthropy #successfulgenerations

 

Resources mentioned:

Find Ginny at National Center for Family Philanthropy
1667 K Street, NW, Suite 550
Washington, DC 20006
P: (202) 293-3424
F: (202) 293-3395
ncfp@ncfp.org

The Giving Code – Commissioned by Packard Foundation
National Center for Family Philanthropy
Giving Compass
The Power to Produce Wonders- white paper


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

Episode 004: http://successfulgenerations.com/family-philanthropy/
Episode 003: http://successfulgenerations.com/dr-baer/
Episode 002: http://successfulgenerations.com/doug-box/
Episode 001: http://successfulgenerations.com/about-host-ellie-frey-zagel/

Learn more about Successful Generations:

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


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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