A Multi-Generational Family Foundation Looking to Sunset

What we did

To address the Scott family’s challenges, we embarked on a project to uncover their shared values. Using colorful and engaging exercises, we facilitated a collective thinking process that brought out the best in each family member. This collaborative effort resulted in the creation of a new mission statement, defined program areas, and a robust plan to guide their future giving.

We also developed a governance model incorporating “servant leadership” principles, ensuring that everyone had a voice, regardless of age or capacity—a crucial factor in multigenerational families. To foster effective and joyful engagement, we established systems of communication and accountability that brought the family together.

Additionally, we invited the family’s financial advisor to give a presentation on the basics of investing and wealth management. The session not only provided valuable knowledge but also helped cultivate new relationships between the advisor and the next generation of family members.

The Outcome

As a result of this comprehensive approach, the Scotts decided not to sunset the foundation. They left the engagement feeling more connected, more educated about philanthropic principles, and more empowered to fulfill their mission. Their renewed sense of purpose and shared values have reinvigorated the foundation, ensuring that their vision of shaping a better world through collaborative family efforts continues for generations to come.

At Phīla, our commitment to creating effective, streamlined, and purpose-driven charitable solutions is not only a testament to our expertise but also a reflection of our dedication to ensuring our clients’ legacies leave a lasting, meaningful impact.