Gene People’s Post

Discover the vital role of a trustee in a family foundation. From managing assets to making impactful decisions, this blog sheds light on the responsibilities and impact of trustees. Read more by clicking the link below.  #estateplanning #familyfoundation

I become a Trustee at 20 years old and here's why you should consider becoming a young trustee or having young trustees on your Board. 1️⃣ You meet, work with and learn from people from all walks of life, experience, careers and perspectives that you may never otherwise come across. 2️⃣ You learn SO much about governance, how charities and organisations run, financial and legal acumen. 3️⃣ Your confidence grows along with your knowledge, you learn to communicate with a variety of stakeholders across generations, industries and roles. 4️⃣ You can bring fresh, innovative views and ideas to the table whilst making a true difference and representing the communities you serve. 5️⃣ You are investing in the future leaders of sector and making knowledge, experiences and responsibilities accessible to young people. These are only a few, the list goes on! A shoutout to two amazing organisations that I am a Trustee of West Sussex Mind and BatonOfHopeUK. ...And to the Young Trustees Movement for empowering, encouraging and enabling more young trustees.

Here are five solid reasons for recruiting young trustees onto your board. And remember, you may recruit for their youth as a lived experience alongside their skills and knowledge but once appointed, young trustees are just ‘trustees’ along with all the other board members. Not junior members! 😉

Thinking about what kind of legacy you’d like to leave? A charitable foundation may be right for you. Check out the video to learn more:

Supporting employees should always be the highest priority… A few years ago, a colleague gave me a much-needed reminder: This manager oversaw a large team of people. One of his subordinate employees had some ongoing personal struggles that many her colleagues knew about. So, when the employee had a family crisis that led to financial difficulties, some of her coworkers started a GoFundMe to support her. When her manager informed me about this GoFundMe, my knee-jerk reaction was apprehension. I worried that if the company were to share this fund, it would set a dangerous precedent. My mind went to a worst-case scenario in which providing aid created a slippery slope and negatively affected company culture. As an executive, I warned the manager who oversaw the employee and expressed all of my concerns. But instead of giving up on his team member, he said to me: “Ryan. I got this.” At that moment, I saw the error of my ways. In one sentence, this manager had communicated a simple idea to me. His confidence told me, “I know what I’m doing. I trust my team, I’m going to help them when they need it, and everyone will learn and grow from this.” While I was anxious about bureaucracy, red tape, and the implications of everything, my colleague was concerned about his people. He saw a need, and he was ready to help — for him, it wasn’t any more complicated than that. I’ve carried this lesson with me for a long time. Every company should be about its people because your organization is nothing without the people who make it up. What do you think?

Trusts are NOT like ATMs, at least here at LNW. Here, trusts are built around the relationships we develop with our clients, their family members, their outside advisors and nonprofits they may want to support. LNW’s Lee-Norah Sanzo explains how that works. #trusts #estateplanning #financialplanning #wealthmanagement #trustweek

Why is it that many people are more diligent about asking advice in their personal lives than their business lives? I’ve found an interesting dichotomy. In our personal lives we seek advice from true experts: - Want advice on where to buy a house, we ask a realtor or a friend - Advice on remodeling, ask someone who’s remodeled or a builder - Advice on landscaping, Ask a landscaper - Etc In business, I see so many people NOT doing this. They take advice from someone who tells them they know, rather than: - Finding a coach who’s stood in their shoes - Asking for fundraising help from someone who’s actually raised - Getting operational advice from an operator - Getting advice about a budget Or financial projections from an actual CFO (or fractional cfo. Jim Miller is a great partner and Michael King and his team are too, they’re also rocking it at teaching the industry) In todays world, anyone can claim to be an expert.

Hi Network! 😊 I just completed Latham & Watkin’s Pro Bono Job Simulation on Forage This Virtual Job Simulation enabled me to focus on the understanding of Pro Bono work at Latham & Watkins and gain an insight to what exactly is Pro Bono and what can be involved within it. Pro Bono Derives from the Latin meaning “for public good” furthermore I did two things: 📝Researched and prepared advice on company incorporation and found benefits to keep a charity registered as a company rather than an incorporation association. 📝Prepared a memorandum on 4 nonprofit legal structures. Skills I took onboard while doing this were logical reasoning, issue spotting as well as presenting legal analysis.

When nonprofits build systems and develop processes, it's crucial to stay grounded in their mission. Too often, policies and practices fail because they overlook the humanity of employees. Organizations dedicated to making the world better have a unique opportunity to lead by example—creating structures that truly center the people they serve and employ. People don't hate structure, they are disempowered when policies reflect all the oppression they experience in the world. How can we build these organizations in ways that reflect our missions? How can we reimagine the policies and practices that were often developed and tested in companies that had no interest in dismantling systems of oppression?

🌟 Check it out! Our Teams and Trustee’s page on our website just got a makeover! Get to know our incredible team members with updated bios and maybe even spot a few new faces! 😀 Check it out here 👇 https://lnkd.in/eKeTubrh #ScranAcademy #ScranFam