People can strengthen their relationships and make a difference in the world through philanthropy. However, many donors feel reluctant to talk about their convictions and motivations.
Talking about charity with loved ones is one of the most fulfilling activities in life. Expectations should be realistic, as these conversations can sometimes lead to honest disagreements.
One of the most important factors people should consider when talking about philanthropy with their relatives is the motivation behind their giving. This can play a very valuable and essential role in the discussion. Donors should identify their reasons for giving and their life’s causes. This can be done by reflecting on their giving and listing what motivates them. This guide explains the various factors people should consider when talking about philanthropy with their relatives.
Inform
An individual planning on starting a philanthropy program can share what is happening and why. Although they may hope for approval or agreement, such reactions are not essential. By sharing details about their giving, donors can help their relatives understand how they make decisions and what motivates them. How the family uses its resources will affect a person’s decision to start a philanthropy program. This topic can also spark important discussions within the family.
Inspire
Many donors will often share the story of their giving to inspire their relatives to get involved in philanthropy. They may talk about how they got involved, what inspired them, and why they gave. They also believe that philanthropy reflects their values, morals, and ideals.
Through philanthropy, people can share their values and contribute to society. Family members can also develop their independent paths and inspirations for philanthropy. Some donors may provide seed funding to help their relatives start their foundations.
Involve
To engage their relatives, donors will have to explain their goals and incorporate those of the family members’ values, causes, and approaches. They will also have to listen to and negotiate with them. This can be done through formal or informal discussions. Donors must engage their relatives in philanthropy, as it can help them develop a giving strategy.