At the Alchemia Group we are helping our clients think & act differently in regards to their wealth and its impact on thier family - because we know it is more than just numbers and plans, it's the Balance of Art & Science with Pragmatism and Vision.
Not having a name for this post actually sums it up pretty neatly! While at a conference I listened to Laura Turner Seydel (Ted Turner’s daughter) and her son, John, talk about their philanthropic activities through the Turner Foundation. The structure is very interesting. The Turner Foundation has a stated goal of ‘Protecting & Restoring the Natural World’ with sub categories of:
Family members are free to find their own area of impact as long as it fits under this very broad vision. The foundation created a shared vision with plenty of room for autonomy and independent thoughtful impact. Aren’t these key characteristics that should be part of any rising generation development plan? What vision do you use for how your family wealth is deployed, both in terms of philanthropy and otherwise? How does this fit with your personal legacy as I described it last week?
So, the theme for this post is ‘Vision with Autonomy’. You get to call it what you like. I’d love to hear your ideas on a title.