Generous from the Grave
By: Rick Boxx
December 27, 2011
Many wealthy families establish charitable foundations that only give away their earnings, leaving their investments in tact. This allows their legacy to technically live on forever.
According to a Wall Street Journal article, a growing number of families are now limiting the life of their foundations to 15-20 years. This can benefit their favorite charities significantly more in the short term, and decrease any concern they might have about how their wealth will be spent in the future.
Solomon in Ecclesiastes 2:18-19 said, "I hated all the things I had toiled for under the sun, because I must leave them to the one who comes after me. And who knows whether that person will be wise or foolish?"
Have you given thought to who will distribute your remaining wealth?
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