Asset Funders Network’s Post

Centimillionaire families know that preserving wealth requires more than just making smart investments—it’s about building a legacy. 💎 Diversifying investments ensures stability across market shifts. 🌍 Establishing family offices helps streamline financial management and strategy. 🏢 Legacy planning and trusts safeguard wealth for future generations. 🌱 Education and governance foster informed decision-making within the family. 🎓 And active philanthropy aligns values with impact, creating a lasting difference. 🌟 Wealth preservation is as much about purpose as it is about planning. 💼 Let’s learn from these strategies to build enduring legacies. 🏆 #WealthManagement #LegacyPlanning #FinancialStrategies #FamilyWealth #Centimillionaires #InvestmentGoals #Philanthropy #FinancialGovernance #WealthPreservation #GenerationalWealth

Watch the complete video of our President and COO, Diallo Smith, alongside other panelists in the full discussion "How Justice Demands Are Changing Philanthropy Dynamics" at the recent Mackinac Policy Conference. https://lnkd.in/gabsk__4

Our Winter 2024 issue of In the Gaps celebrates the incredible legacy and career of Charlie Munger and all that can be learned by his example. Read the full issue below for more.

Today, we're sharing part 2/5 of key insights that guide our efforts in reshaping narratives for a brighter, more inclusive future for Arkansas. 4️⃣ Power & Philanthropy → Philanthropy Pays, but Power Costs—The philanthropic sector is unique in its ability to influence stakeholders already in positions of power; however, narrative change with an equity lens requires power and capacity building among the most marginalized and often disregarded populations—which is a long-term investment and must be community-led. 5️⃣ Measurement Matters → Measurement is an Art and a Science— utilizing some strategic comms measurement frames is helpful in the beginning phases of shifting narratives. The next iterations must be a delicate balance of relationship building, relevant research, and creating/connecting infrastructure - from which initial signs of impact can be explored but not predicted. Missed Lessons 1-3? Check out our post from 5/30 to get caught up. #EquityinAction #NarrativeChange #WRF #RelentlessPursuit

Along with facilitating my ‘Roots of Racism’ workshop last week, I was asked to share some information about the histories of violence Indigenous folks have had to historically endure in a presentation to the Immigrant Advisory Council of the North Shore Immigrant Inclusion Partnership at Impact North Shore. After exploring some key historical events and policies, I concluded my presentation with the question: can we fix the past? Violence, as we know, leaves a long and winding trail behind it. There are legacies created by experiencing such harm that flood from one generation to the next. And when violence is done, it cannot be undone and so, ultimately, the answer must be no - we cannot fix the past. However, what we must know from listening to the communities at the forefront of the fight for safety and justice is that the first step to repairing harm is acknowledging that harm exists. So while we cannot fix the past, in hopes of a future that holds space for the prosperity of the cultures and peoples that were harmed, I urge you to not forget it. With Truth and Reconciliation Day just around the corner, a lot of us might be wondering what tangible steps we can take to contribute and consolidate our commitment to action. Here are some ideas I shared with the group: 📚Educate ourselves - attend workshops and do your own research about what is at the core of Truth and Reconciliation 🫂Go to community events and gatherings 💰Keep money moving, when you can - donate to organizations supporting Indigenous communities 📣 Raise awareness in your communities 🧠 Challenge your own beliefs and biases 🧡 And most importantly, lead with love, for love is at the root of all growth and repair. Reconciliation is a great, everlasting journey and we are only at the beginning. I hope you feel inclined to take some steps forward (or back, if needed) and commit to learning and unlearning with me.

I'm so proud of the Edward W. Hazen Foundation's final report highlighting lessons from grantees as the foundation closes after nearly 100 years of grantmaking in the education justice sector and funding youth leaders organizing to lead fights for racial justice and systemic change nationwide. You have to check it out. Thank you Grantmakers for Effective Organizations (GEO) for giving this report a home so our peers can access it long after Hazen's closure. Preview: "Many of our peers are far along in examining their grantmaking philosophy and practice. Others are just beginning. Still, others are stuck, unsure of the risk they are willing to take to use their power to challenge the fields we have helped sustain. We hope that this report serves as a stepping stone for action. To our peers in #philanthropy, we urge you to question the assumptions rooted in privileges that have been passed down to us. We risk causing more harm by perpetuating an inequitable system than by attempting to change it." Link to download the report: https://lnkd.in/eZPJAYQE

Put good business practices into action to help make a difference with your organization at https:better-cash-management.com https://lnkd.in/g_Tc8HrV

With so much emphasis on your mission, your nonprofit may struggle with remembering that it is still a business that has to have a bottom line in the black. Nonprofits often put their social impact goals at the forefront and their business objectives second, which is fine until there is not enough coming in to cover what is going out. We can find extra cash flow and improve operational efficiency. Book a free consultation at https:better-cash-management.com

The 2024 Social Finance Forum has officially concluded! 😎 What an epic two days it has been. A massive shoutout to our fabulous speakers, amazing participants, and awesome partners. You all rock! Here are the very best quotes from Day 2. #sff2024 #socialfinance #impactinvesting #futureofgood  #philanthropy #socialpurpose #socialimpact #changemakers #sustainablefuture #equitablecapital #socialfinancefund

In an era defined by intersecting global crises, the philanthropic sector faces an unprecedented challenge – how can it respond effectively to the complexity and interconnectedness of issues? From defining the polycrisis to practical tools to address the root causes, Liana Varon and Tamzin Ractliffe share insights from the recent 'Embracing the Unpredictable' four-part series on how to adopt a polycrisis lens to #TransformPhilanthropy. Find it here: https://lnkd.in/e-dui_kx The Impact Trust