In North America, it's estimated that $25 billion to $40 billion dollars will be passed along to succeeding generations, or inherited, over the next 40 years.

Private foundations are often started by parents as a way to involve their children and grandchildren in philanthropy, and as a way to ensure the children, and other family members, carry through an ethical approach to asset management and embrace philanthropic values.

Many families choose The Calgary Foundation either as an alternative or a compliment to setting up a private foundation because of our connections to the community, and simply because it's easier administratively. It's like having your own family foundation, but without all the expense and book-keeping. Families can then focus on the most fulfilling part... giving.

Resources:

• Kis Brothers Fund - A Reflection of Family Values
• Establishing a Family Fund at The Calgary Foundation
• Family Philanthropy Workbook
• The Ultimate Gift – Rethinking Family Philanthropy