By Julia Weaver, Oxford Financial Group
A both challenging and rewarding objective for many philanthropic families is to create a charitable mission that will be embraced for multiple generations. In the ideal case, a private foundation can support a family's charitable vision in perpetuity. The challenge for many families, however, is that unforeseen factors can affect the future relevance of philanthropic desires. As environmental, socioeconomic and cultural trends evolve with time, so too can the philanthropic passions of future generations. A flexible philanthropic strategy enables future generations to feel they are making an impact on the issues of their day.
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