{"id":4954,"date":"2020-11-12T15:55:21","date_gmt":"2020-11-12T20:55:21","guid":{"rendered":"https:\/\/www.nptrust.org\/?p=4954"},"modified":"2022-01-20T11:47:06","modified_gmt":"2022-01-20T16:47:06","slug":"family-philanthropy-virtual-conversations-during-the-holiday-season","status":"publish","type":"post","link":"https:\/\/www.nptrust.org\/philanthropic-resources\/philanthropist\/family-philanthropy-virtual-conversations-during-the-holiday-season\/","title":{"rendered":"Family Philanthropy: Virtual Conversations During the Holiday Season"},"content":{"rendered":"<p>The holiday season is a highly anticipated time when families come together to celebrate and reconnect. It is also the perfect opportunity to reflect on what causes matter most to your family. It\u2019s clear that this year\u2019s Thanksgiving dinners and holiday celebrations may be quite different than years past. But even if your loved ones are gathered around a virtual table, it is still important to discuss family philanthropy during a year in which the need is so apparent.<\/p>\n<p>While the forum where these conversations occur may be atypical in 2020, family giving is more critical now than ever before. We see the impacts of COVID-19 cutting into nonprofits\u2019 resources while increasing the demand for their services. And though it has been a challenging year for many, a single discussion with family can make a difference for those who need it most.<\/p>\n<h2>Growing Philanthropic Needs<\/h2>\n<p>The impacts of COVID-19 have been truly staggering, though the pandemic is certainly not the only major challenge this year. As of October 2020, nearly half of the global workforce, or more than 3.3 billion people, are at risk of losing their livelihoods, according to a recent <a href=\"https:\/\/www.who.int\/news\/item\/13-10-2020-impact-of-covid-19-on-people's-livelihoods-their-health-and-our-food-systems#:~:text=The%20economic%20and%20social%20disruption,the%20end%20of%20the%20year.\" target=\"_blank\" rel=\"noopener noreferrer\">study<\/a> by the World Health Organization. Many have faced the impacts of natural disasters like wildfires, hurricanes and flooding. There are calls for social justice in response to systemic racism. And food banks have been stretched beyond anything they could have envisioned.<\/p>\n<p>Nonprofits in the United States are spread extremely thin as they continue extraordinary efforts to fulfill their missions. The sector lost nearly 1 million jobs between February and September\u2014with little hope of a rebound any time soon\u2014according to a <a href=\"https:\/\/www.philanthropy.com\/article\/nonprofit-jobs-recovery-slows-to-a-crawl\" target=\"_blank\" rel=\"noopener noreferrer\">study<\/a> by The Chronicle of Philanthropy. With this decline, nonprofits will be strained to help those who are relying on them. The NonProfit Times also <a href=\"https:\/\/www.thenonprofittimes.com\/finance\/survey-one-third-of-charities-cant-sustain-another-12-months\/\" target=\"_blank\" rel=\"noopener noreferrer\">notes<\/a> that nonprofits have had difficulty fundraising this year. Without additional financial support, up to <a href=\"https:\/\/www.thenonprofittimes.com\/finance\/survey-one-third-of-charities-cant-sustain-another-12-months\/\" target=\"_blank\" rel=\"noopener noreferrer\">one third of nonprofits<\/a> run the risk of closing in the next 12 months.<\/p>\n<p>So where does a family start with philanthropy?<\/p>\n<h2>5 Tips for Virtual Family Philanthropy Conversations<\/h2>\n<p>It can be overwhelming to have conversations about family philanthropy, let alone when everyone is socially distanced. Here are some suggested steps to having a productive virtual family conversation:<\/p>\n<p><strong>1.<\/strong> Ask your family to reflect on the values that matter most to them personally and bring ideas to the virtual table. Listening to one another and having an open dialogue is a powerful way to bond.<\/p>\n<p><strong>2.<\/strong> After the initial brainstorm, look for a common theme. It could be a specific cause you all care about, but more likely it may be a geography that is meaningful to you, or a value you want all your philanthropy to strive for, like equity, unity or service.<\/p>\n<p><strong>3.<\/strong> Craft a family statement to guide your giving this year.<\/p>\n<p><strong>4.<\/strong> Set a budget and timeframe. Decide if the family will continue to donate to causes you have already supported in previous years, or if the events of 2020 have changed the direction your family\u2019s giving will take.<\/p>\n<p><strong>5.<\/strong> Consider whether this will be a one-time donation and plan to revisit this question again in the new year.<\/p>\n<p>A donor-advised fund can be a useful tool for family giving year-round. During this <a href=\"https:\/\/www.nptrust.org\/giving-season-central\/\" target=\"_blank\" rel=\"noopener noreferrer\">giving season<\/a>, our <a href=\"https:\/\/www.nptrust.org\/philanthropic-services\/\" target=\"_blank\" rel=\"noopener noreferrer\">Philanthropic Services<\/a> team can help set you up for success. As always, NPT stands ready to help you help others. Contact us at (888) 878-7900 or\u202fnpt@nptrust.org\u202fwith any questions.<\/p>\n<p>See also: <a href=\"https:\/\/www.nptrust.org\/philanthropic-resources\/philanthropist\/family-philanthropy-establishing-a-giving-tradition-this-holiday-season\/\" target=\"_blank\" rel=\"noopener noreferrer\">Establishing a Family Giving Tradition Over the Holidays<\/a><\/p>\n<p>&nbsp;<\/p>\n<p><em><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-4055 alignleft\" src=\"https:\/\/www.nptrust.org\/wp-content\/uploads\/2019\/11\/Jenna-Mulhall-Brereton_HR-crop-e1574799669973-300x300.jpg\" alt=\"\" width=\"125\" height=\"125\" srcset=\"https:\/\/www.nptrust.org\/wp-content\/uploads\/2019\/11\/Jenna-Mulhall-Brereton_HR-crop-e1574799669973-300x300.jpg 300w, https:\/\/www.nptrust.org\/wp-content\/uploads\/2019\/11\/Jenna-Mulhall-Brereton_HR-crop-e1574799669973-1020x1024.jpg 1020w, https:\/\/www.nptrust.org\/wp-content\/uploads\/2019\/11\/Jenna-Mulhall-Brereton_HR-crop-e1574799669973-150x150.jpg 150w, https:\/\/www.nptrust.org\/wp-content\/uploads\/2019\/11\/Jenna-Mulhall-Brereton_HR-crop-e1574799669973-768x771.jpg 768w, https:\/\/www.nptrust.org\/wp-content\/uploads\/2019\/11\/Jenna-Mulhall-Brereton_HR-crop-e1574799669973-1530x1536.jpg 1530w, https:\/\/www.nptrust.org\/wp-content\/uploads\/2019\/11\/Jenna-Mulhall-Brereton_HR-crop-e1574799669973-500x500.jpg 500w, https:\/\/www.nptrust.org\/wp-content\/uploads\/2019\/11\/Jenna-Mulhall-Brereton_HR-crop-e1574799669973.jpg 1659w\" sizes=\"auto, (max-width: 125px) 100vw, 125px\" \/><\/em><\/p>\n<p><em>Jenna Mulhall-Brereton is NPT\u2019s Chief Philanthropic Services Officer. She leads the team providing customized services to enable NPT\u2019s donors to develop and execute their philanthropic vision.<\/em><\/p>\n<p>&nbsp;<\/p>\n<p><em><small>NPT does not provide legal or tax advice. This blog post is for informational purposes only and is not intended to be, and shall not be relied upon as, legal or tax advice. The applicability of information contained here may vary depending on individual circumstances.<\/small><\/em><\/p>\n<p>&nbsp;<\/p>\n<p><strong>To download a PDF of this <\/strong><strong>blog post, click below:<\/strong><\/p>\n<p><a href=\"https:\/\/www.nptrust.org\/wp-content\/uploads\/2020\/11\/NPT-Blog_Virtual-Conversations-During-The-the-Holiday-Season_Blog.pdf\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-3676 size-full\" src=\"https:\/\/www.nptrust.org\/wp-content\/uploads\/2019\/08\/button_download-pdf.png\" alt=\"\" width=\"174\" height=\"38\"><\/a><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The holiday season is a highly anticipated time when families come together [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":4955,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_has_post_settings":[],"footnotes":""},"categories":[48,44,30],"tags":[],"hashtags":[],"class_list":["post-4954","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-alerts","category-news-for-donors","category-philanthropist"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Family Philanthropy: 5 Tips for Productive Conversations | NPTrust<\/title>\n<meta name=\"description\" content=\"Family philanthropy conversations can be intimidating. 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