In the realm of family philanthropy, the concept of legacy often takes center stage. It's about creating a lasting impact that transcends generations, embodying the values and visions of its founders.

Forbes contributors publish independent expert analyses and insights. I'm a global philanthropy advisor and author of Delusional Altruism. In philanthropy, just as in business, the strategic foresight ...

When a foundation is initially created, its governing documents are a creature of circumstance—usually, there is some tax or charitable impulse that is driving the creation of the foundation. The ...