THE BUSINESS OF THE ENTERPRISING FAMILY
One of the next-generation members of an enterprising family recently mused:
Why can't we be like other families and just get together and have fun? Why do we have to get together to meet? That is the question I asked when I was younger, and now that I am older I can see why my parents and aunts and uncles thought it was important for all of us to be together at least once a year and spend some time learning about what our family does together; what my grandparents started and my parents and their siblings grew. It is really quite something. My cousins and my siblings and I get to work on some charitable projects with them, and in that way we learn about how our investments feed the foundation and how we can make a difference.
When asked how his experience compared with that of his friends he added:
Since I go to a private school, many of the kids have a lot of money. Most of those who have fathers who work for some other company do not seem to do what we do as a family. My friends whose families own real estate or something else together, like a business, seem to feel more connected to what the family is doing. Some of them do meet together to discuss economic stuff and to learn stuff, but most of my friends don't understand.
We, and the families we serve, have come to believe that while it is most advantageous financially for an enterprising family to stay together as a unit—as it can then reap the benefits of a larger pool ...