Generational Wealth: Teaching Kids to Give. Howard Morgan - Philanthropy & Legacy

Howard Morgan shares his annual method for teaching his seven grandchildren the importance of giving back. This part of the conversation with Michael Sonnenfeldt touches on family, generational wealth, and philanthropy.
Hear the rest: NEXT with TIGER 21 - Episode 1: "Howard Morgan: Insights from an Uber Successful Tech and VC Legend"
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Timestamps:
00:00 Howard Morgan Reflects on Legacy: Insights and Humor
00:51 Philanthropy: A Personal Journey
02:09 Engaging the Next Generation in Giving - Howard's annual offer to his grandchildren
03:06 A Standout Philanthropic Effort: Supporting the Arts (Mabel Mercer Foundation - cabaret, and NYC schools performing arts)
You may be surprised to learn that Howard Morgan does not actively think about legacy beyond his family, whom he sees as his true legacy.
"I don't want to achieve immortality through my work; I want to achieve immortality through not dying." -Woody Allen
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Morgan touches on the challenges in engaging the younger generation in philanthropic efforts, sharing his personal attempts to involve grandchildren. An example of a philanthropic effort that stands out to Morgan is his support for the Mabel Mercer Foundation, which significantly impacts the American songbook and cabaret acts, underscoring the value of targeted, impactful philanthropy over broader, less engaged contributions.
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Tip Jar:
The Discoverers by Daniel J. Boorstin (amzn.to/44zVk9V)
The Anxious Generation by Jonathan Haidt (amzn.to/4dvwRa4)
Links mentioned:
B Capital: b.capital/
• VC OGs: Why The F We'r...
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