Starting Family Philanthropic Work in Quincy, IL
Philanthropy creates the opportunity for your family to help people in need and connect more with the community. Allowing your family, especially your children, to actively participate in charitable work can help them grow to become good people. Here is how your family can make the most of your philanthropic work in Quincy, IL:
Lay Down Your Family Values
Everyone in the family can have a different set of values and goals. One member might think of supporting one cause, while others might have different objectives. Talking and sharing ideas can allow for a healthy discussion on how to combine each one’s values to help further the family’s philanthropic cause. Doing so can create a meaningful experience in your family’s philanthropic journey.
Your family should decide how you want to do charitable work. Some donors wish to remain anonymous, while others want to be hands-on. Ask each member of your family how they want to do it. Communication is essential, and your family should agree on how you want to give.
Decide Who Takes Part
Make sure that the family philanthropy is inclusive. It is crucial that everyone involved has an equal right to voice their opinions and can join in the decision-making process. Everyone would feel more motivated if they got to participate more. Each member can be given different assignments for charity work. Their duties serve as their training to manage and allocate the family’s charitable funds.
Create a Clear Strategy
The most important part of family philanthropy is to have a plan. Be clear on how to allocate your family’s charitable resources. What organizations will your family fund, and for how long will you fund them? Your family won’t agree with one another completely all the time, so consider how to mitigate potential disagreements that might arise during the decision-making process.
It’s good to have an annual check-up to review how the family’s charity is doing. Check if the goals that you’ve set before have been met. Your family can agree on whether to change anything in your plans and discuss new perspectives.
Eventually, you will need to plan for succession. Family philanthropy can become a tradition passed from one generation to another. Your family needs to map out how the next generation will handle the resources and how they should implement changes in the process and decision-making.
Start Your Family Philanthropy Today!
Blessing Foundation has different donation opportunities to help your family start their philanthropic work in Quincy, IL. With your help, our charitable foundation can make a difference in the lives of those who need assistance the most. Contact us today to learn more.
