Getting The Philanthropy Strategy Right For HNW Families

Maryann G. Bell
December 4, 2023

It’s the season for giving – and families may be thinking about how to best implement a strategy for philanthropy. In this Q&A with Family Wealth Report, Wingspan Partner Maryann G. Bell discusses why giving away to good causes isn’t a simple exercise if families want to be impactful.

“While most high net worth families are very generous and want to give back (90% of HNW investors give to charity), giving away money is more difficult than it appears,” says Maryann. “To whom do you donate? How much? Is it a one-time gift or multi-year? How do you evaluate success?” In the article, Maryann delves into why strategy and advisors are important to crafting a plan to make sure philanthropy is not only impactful but sustainable over time. Families should treat philanthropy not as a one-off “writing a check” but as much a part of their legacy as a family business.

Read the article in Family Wealth Report to learn more.

Read The Full Article Here
Author Thumbnail

About Maryann G. Bell

Maryann has led transformation through board work in Austin after almost two decades in finance. Maryann holds a BA from Georgetown University and an MBA from Harvard Business School.