Beyond Success: The Continuing Contribution of the Family Foundation

Leon A. Danco, John L. Ward

Research output: Contribution to journalArticle

8 Scopus citations

Abstract

Many entrepreneurs stay too long in the role of owner-manager of their family business because of confusion about alternatives, the desire to continue achieving, and fear of losing control of hard-earned wealth and authority. This article suggests that setting up a family foundation affords the aging business owner a new, challenging career. Arguments in favor of philanthropy are presented, including social responsibility and resource utilization. The article concludes with an outline of the basic steps in establishing a foundation.

Original languageEnglish (US)
Pages (from-to)347-355
Number of pages9
JournalFamily Business Review
Volume3
Issue number4
DOIs
StatePublished - Jan 1 1990

ASJC Scopus subject areas

  • Finance
  • Business, Management and Accounting (miscellaneous)

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