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Forbes asserts that involving children and grandchildren in philanthropic activities is a great way to prepare the younger generations about responsibility and financial independence in the name of generosity.
More importantly, this is also a way of strengthening the ties among families by learning the lessons and experiences of notable family philanthropists, such as David Rubenstein, Pierre Omidyar, and Alex von Furstenberg. These notable givers, together with their families, have become successful in their endeavor of making a huge impact on others.
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There is no match to the fulfillment of working together as a family and helping others in need. For starters, how do they teach their children about giving? No matter how overwhelming the choices and responsibilities are, they must start somehow, somewhere. Here are a few steps to begin with:
1. Adding fun to giving. All members of the family get to choose their own charities. Generally, children would pick animal- and children-based organizations, and adults will have to respect their children’s choice at all cost.
2. Having a budget. When money is involved, the family has to think of ways on how to earn it and schedule a budget for such purpose. Injecting the sense of commitment plays a major role for success.
3. Giving something that they own. Family members could select even one item that they own or cherish. This makes sense of the concept of giving and puts things in perspective.
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