Bill Woodson, Executive Vice President and Head of Wealth Advisory and Family Office Services at Boston Private, and Lecturer in the Wealth Management program, discussed how family and individual donors can make a positive impact in the midst of our current crisis in Worth.
"In the wake of the COVID-19 crisis, philanthropically inclined families may find themselves asking: Where can I be uniquely helpful, what can I do now—and if not me, then who?" The global pandemic has offered many families a time for reflection on what values they collectively hold, and how they can be of most help.
How can each family member get involved in a meaningful way? How can families collaborate with each other to decide what causes to support? How can the family measure the impact and accountability of the donation?
In Worth, Woodson lists four steps to ensure families communicate efficiently in their efforts to support immediate causes.
Family and individual donors have historically been just as essential to making a positive impact in times of crises as NGOs or government bodies, and this time around, it will be no different.
— Bill Woodson, Lecturer, Wealth Management
Woodson holds 30 years of experience advising wealthy families, closely-held business owners, and family offices across a wide range of wealth management disciplines, including investment management, taxation, estate planning, philanthropy, wealth education, and family office best-practices. He is a co-founder of the UHNW Institute, an independent non-profit "think tank" that provides thought leadership and content helpful to families, family offices, and professionals.
Learn more about Columbia University's Master of Professional Studies in Wealth Management.
