The Social Impact and Philanthropy domain encompasses the many financial and nonfinancial charitable, philanthropic, social impact, and community activities of the family, including foundations and other vehicles by which families may choose to create impact in the world based on their values and goals. These activities may be relatively limited and primarily driven by tax efficiencies or estate planning considerations. Alternatively, they may be woven throughout the family’s entire investment, business, and social activities through impact investing, advocacy of particular causes, and involvement in political, social, spiritual, or environmental initiatives. 

Effective impact and philanthropic services may include consideration of family dynamics, education, governance, investment, wealth transfer, and generational engagement and leadership.

The Social Impact and Philanthropy domain is a component of the Wealth Creation and Stewardship cluster in the Ten Domains of Family Wealth model of The UHNW Institute.