Forbes contributors publish independent expert analyses and insights. I'm a global philanthropy advisor and author of Delusional Altruism. In philanthropy, just as in business, the strategic foresight ...

In the realm of family philanthropy, the concept of legacy often takes center stage. It's about creating a lasting impact that transcends generations, embodying the values and visions of its founders.

When a foundation is initially created, its governing documents are a creature of circumstance—usually, there is some tax or charitable impulse that is driving the creation of the foundation. The ...