In 1885, Commodore Vanderbilt’s grandson William, an heir to $60 million in 1885, declared, “Inherited wealth… is as certain death to ambition as cocaine is to morality.”
Today, the Vanderbilt’s once great fortune is just about depleted. The money, designed to be a blessing, became a curse instead.
How do you avoid the potential dangers of inherited wealth?
Giving back can equip inheritors of wealth with the skills to keep wealth a blessing! Philanthropy can unify a family around shared ideals and values, helping the members to maintain a grounded identity apart from their inherited money.
Giving back is the perfect inoculation against what’s been called “affluenza.”
Pass on your wealth… and this miracle cure along with it.
“If you haven’t got any charity in your heart, you have the worst kind of heart trouble.”
Bob Hope
Speak Your Mind