Virginia Esposito

Families that are beginning their journey into philanthropy have a much different perspective than those who created foundations decades ago. Throughout much of the 20th century, those who achieved wealth often did so in the …

For much of the 20th century, the vast majority of U.S. foundations operated under the idea that they would be in business forever. But as a new generation of family philanthropists take over — and …

In the early days of foundations, the transition from the first generation to the second often didn’t begin until the children of the founder were gathered in a lawyer’s office to read his or her …