Welcome to the May issue of Insights.
We hope you enjoy reading about our new initiatives and the updates at GHCF. We look forward to returning in early fall with a full edition of Insights. In the meantime, please do not hesitate to
contact us.
As wealth transfers, the rising generation of Millennial leaders are disrupting the once ubiquitous conventional wisdom that generating competitive financial returns and achieving social impact are mutually exclusive.
Most family wealth is fleeting, lasting only a handful of generations, but advisors can be the key to stopping that trend. To help families retain their wealth, financial advisors have to initiate sometimes challenging conversations around a family’s history, its values and philanthropy.
The amount of inherited wealth up for grabs is staggering and getting larger. In a U.S. High-Net-Worth and Ultra-High-Net-Worth Markets 2018 report, Cerulli Associates estimated that $68 trillion is transferring over the next 25 years to heirs and charities, an amount significantly higher than earlier estimates (known as “The Great Wealth Transfer”).
UNDERSTANDING HOUSTON
We have officially kicked off the launch of Understanding Houston! The Community Foundation is excited to launch this collaborative regional indicators initiative that collects data, stories, and insights to raise awareness and inspire community action across Harris, Fort Bend, and Montgomery counties. Earlier this month, Understanding Houston collaborated with The Montgomery County Community Foundation to host a convening on what matters most in their community.
To stay up-to-date on the progress of the initiative, follow Understanding Houston on Facebook, Twitter, LinkedIn, and Instagram! For questions regarding the initiative or to become an early sponsor, please contact Diana Zarzuelo at
dzarzuelo@ghcf.org.
THE LEGACY PROJECT
As part of the Foundation’s strategic plan, we are excited to offer a planned giving program that aims to capture and share donor stories for future generations. GHCF philanthropic advisors are experienced in guiding people through their legacy planning process – at any stage of life. Through one-on-one meetings, small group workshops, or self-directed work, individuals and families will be able to document their philanthropic stories and clarify the goals of their giving – now and in the future.
Not sure where to start? Meet with a GHCF advisor to discuss your charitable goals and to learn more about the Community Foundation.
To learn more about our legacy planning services or to request a meeting, please contact Jennifer Touchet, Vice President of Personal & Family Philanthropy, at 713-333-2228 or
jtouchet@ghcf.org.
SCHOLARSHIP REVIEW COMMITTEE CELEBRATION
Earlier this month, the Foundation hosted the 2019 Scholarship Review Committee Celebration to thank the
58 members who reviewed 895 scholarship applications! Thank you to the Scholarship Review Committee for your dedication and support – we could not have done this without you!
FAMILY PHILANTHROPY DAY - SAVE THE DATE
Join us for Family Philanthropy Day!
Saturday, November 9, 2019
Family Philanthropy Day is a multi-generational program for adults and families, including children ages 5 and up. Stay tuned for more details!
