ML - Michigan Avenue

2014 - Issue 2 - Spring

Michigan Avenue - Niche Media - Michigan Avenue magazine is a luxury lifestyle magazine centered around Chicago’s finest people, events, fashion, health & beauty, fine dining & more!

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FAMILY TIES Giving money away isn't as easy as it sounds, particularly when different generations are involved. Here, philanthropists, advisers, and wealth managers discuss how to minimize familial differences and ensure a smooth, successful charitable gifting process for all. BY SUZANNE MCGEE FROM LEFT: KENNEDY CONSCIOUSNESS: The late Robert F. Kennedy with his wife, Ethel, and seven of their then eight children at an outing at the Bronx Zoo in 1964; the Grand Foyer at the Kennedy Center in Washington, DC; Anthony Shriver founded the nonprofit Best Buddies International to help people with intellectual and developmental disabilities. FROM LEFT: LAUDER LEGACY OF GIVING: A 1979 portrait of the Lauder family, taken at the New York home of Joseph and Estée Lauder (CENTER); Ronald and Leonard Lauder founded The Lauder Institute, a joint-degree program in international management at the University of Pennsylvania's Wharton School; US businessman Ronald Lauder cuts the ribbon at the opening of a playground in the Israeli city of Sderot in 2009. 108 MICHIGANAVEMAG.COM 108-111_MA_FEAT_Philanthropy_Spring14.indd 108 2/11/14 5:05 PM

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