Story of the Day:
Today, I had breakfast with the President of a not-for-profit organization that works cross-culturally (thank you for your inspiration!). She is a leader in her field. Recently, she attended a national conference of top foundation executives where she learned of emerging trends in philanthropy. She shared an interesting development with me. There are now many family foundations that are eager to support good causes. In the old days there were titan families like the Rockefellers and the Vanderbilts that funded philanthropy. The numbers were small and the wallets were big. We still have the mega-foundations (ala – Bill Gates) AND many, many substantial family foundations as well.
What wonderful news! Families are using their acquired wealth to build a better world. These folks need good financial services and support as they pass wealth to the next generation and into philanthropy.
Fact of the Day:
70% of widows leave their long-term financial advisors within 12 months of being widowed. Those advisors who are not effective at building relationship with women are losing a client AND all the next generation too.
Tip of the Day:
Grieving is a long and personal process that takes years. The first year for a widow (or widower) is filled with practical adjustments and managing the huge change in daily living. The emotional part of grieving often comes much later – after the first year. Never assume a widow (or widower) is done with grieving even years later. If a surviving spouse expresses emotions during a business meeting – don’t ignore the emotion, look uncomfortable or try to quickly make them feel better. These common responses give the impression that feeling sad is somehow not O.K and you can’t deal with their grief. They have enough people in their life who don’t know how to deal with death. You don’t want to be one more. Be calm and let them feel what they are feeling. If you feel comfortable showing care and compassion in a professional way – then do so.
