A few weeks ago, the entire country was talking about the latest Powerball jackpot – over one-half billion dollars – a staggering amount for most of us. News reporters loved interviewing and asking the public what they would do with such a windfall. Overall, we seem to be a fairly generous nation, promising if we would win, we’d take care of family, friends and others, or make large contributions to our favorite charities. But we were also warned how easy it is to lose all of that money by not getting the proper advice on how to distribute that vast wealth.
Well – unfortunately, I didn’t win, but that doesn’t mean I don’t want to make contributions to my favorite charities and I’ve got to be just as careful to do it wisely as the lucky Powerball winners. Teresa Araco Rodgers (www.harp-weaver.com) December's speaker on the Network of Family Businesses (www.netfamilybusiness.com) provided valuable insight on why it is so important for Business Families to use the proper vehicles when making contributions. Teresa helped us understand how it can be so meaningful for both family members and family business employees to be involved in the process of giving.
No family business is too small or too large to not explore the best ways to make their contributions.
At this special time of year, may we all take the time to remember those less fortunate and support those organizations that serve.
You will be blessing them and you will be blessed as the giver.