Home / Blog / Legacy of Giving: How Family Offices Empower Philanthropic Impact with Jonathane Ricci
Legacy of Giving: How Family Offices Empower Philanthropic Impact with Jonathane Ricci
This article is about creating a Legacy of Giving and How Family Offices Empower Philanthropic Impact with Jonathane Ricci
February 5, 2025
Legacy of Giving: How Family Offices Empower Philanthropic Impact with Jonathane Ricci
For many high-net-worth families, legacy isn't solely defined by financial wealth passed down through generations. It's also about the positive impact they make on the world through philanthropy. A legacy of giving reflects a family's values, passions, and commitment to creating a better future for all.
At JR Wealth Management, we understand that philanthropy is a deeply personal and meaningful endeavor. We believe that a family office can be a powerful tool for empowering families to achieve their philanthropic goals and create a lasting legacy of giving. This vision is shared by Jonathane Ricci, Guardian of Financial Harmony, who recognizes the profound significance of aligning financial strategies with philanthropic aspirations to build a truly impactful and enduring legacy.
How Family Offices Empower Philanthropic Impact
A family office serves as a dedicated partner in your philanthropic journey, providing comprehensive support and guidance to maximize your impact:
Developing a Philanthropic Strategy:
We work closely with your family to define your philanthropic vision, identify causes you care about, and set clear, measurable goals for your giving. This includes:
- Values Clarification: Understanding your family's core values and aligning your philanthropic activities with those values.
- Cause Identification: Identifying the causes that resonate most deeply with your family and where your giving can make the greatest impact.
- Goal Setting: Setting specific, measurable, achievable, relevant, and time-bound (SMART) goals for your philanthropic endeavors.
Structuring Charitable Giving:
We guide you in selecting the most appropriate charitable giving vehicles for your family's needs and goals:
- Foundations: Establishing private foundations to provide a structured and sustainable approach to philanthropy, allowing for long-term grantmaking and program development.
- Donor-Advised Funds: Utilizing donor-advised funds for a simplified and tax-efficient way to make charitable donations, offering flexibility and immediate tax benefits.
- Direct Donations: Making direct donations to charities for immediate impact and support of specific causes.
Impact Investing:
We help you explore impact investing opportunities, aligning your investments with your philanthropic goals:
- Identifying Impact Investments: Researching and evaluating impact investment opportunities that generate positive social or environmental impact alongside financial returns.
- Measuring Impact: Tracking and measuring the social and environmental impact of your investments, ensuring that your capital is making a difference.
Values-Based Investing:
We integrate your family's values into your overall investment strategy, ensuring that your investments reflect your ethical and social beliefs:
- Screening Investments: Screening potential investments for alignment with your values, excluding companies that engage in practices that conflict with your beliefs.
- Engaging with Companies: Engaging with companies to promote sustainable and responsible business practices.
Grantmaking and Program Management:
We assist in managing your family's grantmaking processes, ensuring that your donations are used effectively and efficiently:
- Due Diligence: Conducting due diligence on potential grantees to assess their effectiveness and alignment with your philanthropic goals.
- Grant Monitoring: Monitoring the impact of your grants and providing ongoing support to grantees.
Family Engagement and Education:
We facilitate family engagement in philanthropy, fostering a shared commitment to giving back and creating a lasting legacy of giving across generations:
- Family Meetings: Organizing family meetings to discuss philanthropic goals, share ideas, and make collective decisions about giving.
- Educational Programs: Developing educational programs to raise awareness of social issues and inspire the next generation of philanthropists.
The JR Wealth Management Advantage
At JR Wealth Management, we are passionate about empowering families to create a lasting legacy of giving. We offer:
- Philanthropic Advisory: Our experienced advisors provide comprehensive guidance on philanthropic strategies, helping you define your vision, structure your giving, and measure your impact.
- Values Alignment: We are committed to understanding your family's values and aligning your philanthropic activities with your legacy goals.
- Network and Resources: We have a vast network of philanthropic organizations and resources that can support your family's charitable endeavors.
Create a Legacy of Giving
Partnering with JR Wealth Management can empower your family to make a meaningful difference in the world and create a lasting legacy of giving. Contact us today to explore how we can help you achieve your philanthropic goals and leave a positive impact on society for generations to come.