Abstract
Abstract Based on their research and experience, the authors find that “best practice” philanthropists adopt a pragmatic and rigorous approach to organizing their philanthropy. That is, they tend to run their philanthropic organizations as efficiently and effectively as possible, with clear structures, roles and responsibilities, as well as goals. The total resources and engagement of a family and wider network determine the setup and governance of one’s giving. In this article, the authors show how philanthropic families can organize their resources and governance to achieve the desired impact across generations. The authors conclude that mobilizing resources and structuring governance in a harmonized and holistic way helps philanthropists to achieve their desired impact.
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