By Marcus Baram, Crain Currency featuring Vincent Birardi, CFP®, AIF®, Wealth Advisor at Halbert Hargrove
10. The next generation of philanthropists could be the most impactful yet
Like generations before her, Danielle DePriest is juggling parenthood and a career. But unlike earlier generations, DePriest, 33, and many of her peers aren’t waiting to engage in philanthropy and board service. And they aren’t interested in just writing checks and stepping aside. Their desire to get involved in social impact now, at a much younger age, through volunteerism, board service and philanthropy is one of the key traits that experts say will make them the most significant philanthropists in U.S. history.
9. The value of volunteering: Planting seeds to grow for generations
Little in life is as noble as periodically suspending the seemingly endless pursuit of our own self-interests to serve others who perhaps are less fortunate. Contrary to popular belief, donating your time or financial resources, or both, need not be an entirely selfless exercise. It’s perfectly OK to use such opportunities as a way to also benefit yourself and your family. It can, and frankly should be, mutually beneficial.
8. How the next-gen approach to philanthropy is different
Erica Berger began running her family office after her father died in 2021. Before his death, she persuaded him to pivot from funding land restoration projects to impact investing.
