Succession planning is important to many family businesses, but few consider the value of training the next generation on generosity. My friend, Bob, wanted to assure that his family learned and understood the importance of giving generously from the family business.

Every month the family, including Bob’s children and grandchildren, come together to review grant requests and to learn about generosity first hand. This has helped the next generation learn about the family’s wishes for advancing God’s Kingdom and how to steward their wealth with an eternal mindset.

Ephesians 6:4 teaches, “Fathers, do not exasperate your children; instead, bring them up in the training and instruction of the Lord.”

If you desire your children and grandchildren to manage their inheritance well don’t forget the importance of training them to be generous as well.