Getting Started: Family Giving Considerations Worksheet
Tool
This simple worksheet provides 8 basic considerations that donors should ask themselves and their family members.
As a philanthropic individual or family, it all starts with you. Depending on your vision and goals, you have many choices available to you for establishing a family philanthropy. If you plan on involving family, be sure to discuss your plans as a group so they are engaged from the outset. This Content Collection highlights key factors and questions you’ll need to consider as you chart your path forward, and provides guidance on which vehicle(s) will be best matched for your long-term goals.
Start by downloading and completing the 5-minute Getting Started – Family Giving Considerations Worksheet and reviewing the Getting Started: Vehicle Comparison Chart. If you are considering either the family foundation or donor advised fund option, consider reviewing the following NCFP resources:
The NCFP Guide for Effective Family Philanthropy
The Family Giving Lifecycle Toolkit
Founding Questions and Considerations
Comparing direct gifts, donor-advised funds, private foundations, and supporting organizations
Tool
This simple chart compares four common vehicles for family philanthropy over a variety of considerations, including control, privacy, governance and succession options, administrative and management costs, and tax deductions and gift valuation.
Donor Decisions: Choosing Your Vehicles for Family Philanthropy
New Media
As a philanthropic individual or family, it all starts with you. Depending on your vision and goals, you have many choices available to you for establishing a family philanthropy. This brief slideshow introduces several of the most commonly used vehicles for family philanthropy.
Grantmaking Mission and Giving Style
What is my giving style? Two considerations: Visibility & Impact
Report
This guide identifies two (among many) considerations that shape a philanthropist’s giving style. The first is the degree of visibility a donor wants (or does not want): at one end of the spectrum is the anonymous giver, and on the other end is the public advocate. The second consideration is…
Additional Articles and Resources
Structuring for Impact: Creating Integrated Engines of Change
Report
Which operating structures best support the use of an integrated, multi-tool approach (grants, investments, and/or advocacy) for achieving strategic impact?
LLC Vs. Foundation: Which is the Better Option for Philanthropists?
Article
The Chan Zuckerberg Initiative LLC raised the question about why some philanthropists choose a limited liability company (“LLC”) instead of a private non-operating foundation (“foundation”) to carry out their mission.