The Asian tsunami drew one of the most extensive responses of any large-scale catastrophe. Family foundations do not realise, philanthropy experts tell Melanie Stern, that they are in a unique position to expedite disaster grant-making
More and more families are getting into organised philanthropy, both to marshal wealth and to contribute to society. Melanie Stern discovers some key issues to consider if your family wants to set up a foundation
Google the word philanthropy and the word ‘stiftung’ – or ‘foundation’ in German – comes up many times over. Many eminent philanthropy experts are based there, and many global philanthropic projects lead back to German foundations; so it seems clear Germany is probably Europe’s leader in family philanthropy.
From selling postcards in his room at the Kansas City YMCA in the early 20th century, Joyce Hall’s greetings card empire has become a financial giant. Hallmark has also been dubbed a ‘magical place to work’. Scott McCulloch discovers the secrets of its success