One of the most common values high-net-worth parents want to pass on to their heirs is the importance of giving. Many children of philanthropic families are raised in a consumerist culture, surrounded by affluence. Exposing them to the needs of the world at large can enhance their empathy for others and reduce judgment. Introducing children to philanthropic endeavors is an excellent way of demonstrating family values and attaching meaning to money. Philanthropy often brings family members ...

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