You may not be able to do anything but accept that fact. Just because the activity is a worthy one doesn’t mean that your children will find it (a) interesting, (b) something they are willing or able to make time for, or (c) turn them into mini-philanthropists in their own right. And if wails of "Mom always liked you best!" echo through the hallways at family gatherings now, don't expect that to change just because this is a "good deed" activity.
I've worked with dozens of donors who set up their foundation with the primary goal of forcing, er, providing an opportunity for their children to work together in order to build strong family bonds. It's not always that simple.
There are several things that can help. Most of them require that you, the donor, cede decision-making power to your children. Yes, I know that can be difficult for donors. But if your children's involvement is most important to you, it's a step that must occur.
First, if possible, bring on all your children. Showing favoritism can lead to major issues. Additionally, if the board of directors of the family foundation consists only of you, your spouse, your long-time financial advisor and and your attorney, asking an 18 year old or even a 30 year old to hold their own in a discussion among such old fuddy-duddies is asking a lot — unless you provide them with a cohort that can amplify their voice. To address this try to bring on more than one younger generation trustee at a time.
Second, be flexible.Your children (or grandchildren) are busy trying to get their start in life. And they may not have the ability to take time off work for a meeting during the week — or afford a babysitter for a weekend. Schedule the meetings to make it easier for their schedule rather than yours and if there are costs involved (travel, etc.) that are a hardship for them, consider covering their expenses.
Third, be sensitive to the time crunch. Younger folks with children or exams have much less time available for outside the home activities. Allow them to take time off or elect to serve or not each year and still come back the following year. If board service becomes a burden and you make it clear that you believe your children aren't pulling their weight, you'll risk losing them completely from the foundation's activities. And you'll appreciate the leave policy when you need that hip replacement or long vacation!
Lastly, jointly make a decision about how you'll make decisions. It is very common for everyone else on the board to defer to the matriarch or patriarch. Give the next generation an equal say in what the foundation funds, which criteria it uses to make choices, and how it evaluates its successes and failures.
It's never too soon to introduce caring about others and the community. Your kids will imitate your actions so let them see you engage. It takes time, but it is quite simple. As you go about your charitable and community building activities, bring the kids along. At a certain age, they can be plopped at the back of a board room with crayons or an iPad. They won't hear or understand much (or anything) that is going on, but they will recall that their parents find it important to be involved in community activities.
As children get older and you decide they're ready to receive an allowance, require that they divide their allowance into two or three pots: to spend, to save... and to donate. You can simply give your child three jelly jars or purchase items designed for this purpose, such as Moon jars. Then, once a year, ask your children what they care about — animals, children who need health care, people who need housing — and help them donate the money.
Make it a family event to volunteer — collecting tickets at the PTA carnival, serving a meal at the homeless teen center, participating in clean-up day at the local park or beach. Volunteering as a family reinforces shared values.
When you think the time is right, provide a small amount — $100 - $500 — to your children and have them work together to determine where it should be donated. (A good way to learn how to make decisions — and compromises.) You can even ask fellow foundation trustees, other family members or good family friends to serve as philanthropic mentors to your kids.
There are some formal youth philanthropy programs where teens serve on grantmaking boards. Youth Philanthropy Connect is a national organization. Community foundations and Social Venture Partners are two places to look locally for these (the links lead to examples in Seattle), or go to Learning to Give for other ideas.
Everyone wants their investments to be successful and your desire for your charitable donations is no different. A common question asked by donors and trustees is, "How do I know I'm making a difference?"
The best way to discover the answer to this is to answer a different question first: "What are you trying to accomplish with your family's foundation?"
If you do want to practice effective — and rewarding — philanthropy, then answering that question is your first step. Some examples?
You get the idea.There are so many worthy goals.But the simple act of choosing a goal allows you to make all your following decisions so much easier and it gives you a chance to achieve something worthwhile.
I’m going to let you in on a secret.Unless you are giving millions of dollars and pay for double blind longitudinal evaluations, you can’t truly know you’re making a difference. But don’t give up! There are many ways you can use proxy data to help guide your giving decisions to increase the odds of effectiveness. How?