Family Office Elite Spring_16
Family Office Elite Magazine, the wealthiest audience in the world. Family Office Elite Magazine is a very high class bespoke publication and a porthole to the ultra-wealthy family offices and UHNWI sectors. The magazine includes editorials from recent events and experts from the ultra-wealthy Family Office community.
Family Office Elite Magazine, the wealthiest audience in the world.
Family Office Elite Magazine is a very high class bespoke publication and a porthole to the ultra-wealthy family offices and UHNWI sectors. The magazine includes editorials from recent events and experts from the ultra-wealthy Family Office community.
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een there before; in his 20<strong>16</strong> book on the impact<br />
economy, Dr Maximilian Martin (Martin, 20<strong>16</strong>) reminds<br />
us that ‘the Ford Foundation pioneered PRI [Programme<br />
Related Investment] in 1968.’<br />
Philanthropic foundations can provide the first finance<br />
that leads to a social enterprise being created; the<br />
grant that funds research, or the zero-cost loan that<br />
buys a first vehicle or building for a project. Because<br />
foundations are not beholden to shareholders, they<br />
can afford to take on projects that offer no return, or a<br />
loss. This is the idea of ‘de-risking’, where a foundation<br />
accepts the highest risk tranche of a loan or investment<br />
in order to reduce the risks for other investors, and thus<br />
to encourage them to join the loan or investment.<br />
BACK TO PHILANTHROPY<br />
‘In no basic definition of philanthropy does it say that you<br />
cannot get anything back,’ says. Wolfgang Hafenmayer.<br />
‘Sometimes doing good means being tough and saying<br />
“I want something back”.’<br />
REFERENCES<br />
Martin, M., 20<strong>16</strong>. Building the Impact Economy, Cham:<br />
<strong>Spring</strong>er International Publishing. Available at: http://<br />
link.springer.com/10.1007/978-3-319-25604-7<br />
[Accessed December 4, 2015].<br />
Saltuk, Y. et al., 2015. Eyes on the Horizon: The Impact<br />
Investor Survey, London: J P Morgan. Available at: www.<br />
thegiin.org [Accessed February 15, 20<strong>16</strong>].<br />
ABOUT THE AUTHORS:<br />
Chris Carnie is founder of www.factary.com, a<br />
consultancy on philanthropy and non-profits. He is a<br />
researcher, consultant, and trainer in philanthropy. His<br />
book, “Uncovering Philanthropy in Europe: A practical<br />
guide” will be published by Policy Press http://www.<br />
policypress.co.uk/ in January 2017.<br />
www.factary.com<br />
Wolfgang Hafenmayer oversees the Societal impact<br />
solutions for Business Owning Families at Trusted<br />
<strong>Family</strong>.<br />
Before this, Wolfgang built LGT Venture Philanthropy<br />
from scratch to a recognized global leader in impact<br />
investing. Having started with the support of the<br />
Princely <strong>Family</strong> of Liechtenstein, Wolfgang’s global<br />
team of investment managers and impact investing<br />
advisors took care of a significant number of families<br />
spread over five continents. Before starting LGT<br />
Venture Philanthropy (2007), Wolfgang gained rich<br />
experience in the industry as an investment manager<br />
with BonVenture. He also helped set up Forma Futura,<br />
a sustainable asset management company. Previously,<br />
he was the executive director of Consileon and also<br />
worked for Bain & Company.<br />
Wolfgang is a well sought-after speaker in his domain<br />
of expertise. For his book “The Future Makers”, he<br />
interviewed 230 social entrepreneurs, politicians and<br />
scientists in 26 countries.<br />
www.trustedfamily.net<br />
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FAMILY OFFICE ELITE MAGAZINE
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