- What can the family do for family members that may be displaced, taken out of the
business for one reason or another, to ensure that they continue to feel fulfilled?
When the members of a family with a charitable foundation came to us for advice, it was
regarding their portfolio, which had been handled for decades by a well-known
institutional manager and was now heavily weighted in overseas petroleum. As a Jewish
philanthropy concerned with developments in the Middle East, the foundation and the
family were facing a substantial conflict. Working with our team, they were able
formulate and consider the following issues:
- Do the family's political/philosophical goals override potentially profitable investment
decisions?
- Should some or all of the petroleum stock be replaced by investments in another sector?
- Was it timely and appropriate to identify investment managers who shared the values,
philosophy and culture of the foundation?
Members of the Lowenhaupt Global Advisors team, working closely with Lowenhaupt &
Chasnoff, helped the family open a dialogue that will result in more harmony between the
foundation's grant-making and investing. Today, as the family governs its foundation, its
wealth is completely oriented to the family's purposes.
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