Mirjam Vögeli, partner at Blum&Grob, reflects on why philanthropy and charitable foundations have become an increasingly important part of sophisticated wealth and succession planning.
Ms. Vögeli, for a long time, luxury was considered the most visible expression of success. Is that changing?
Very much so. Visible wealth still has its place, but it is no longer the only expression of success. Today, for many affluent families owning and maintaining considerable wealth is not their main goal. They see their responsibility in setting projects in motion. The focus is shifting towards impact, values, and the legacy they wish to leave.
What role does philanthropy play in this shift?
Today, Philanthropy has a significant role and is far more than just generous giving. It is increasingly understood as part of long-term wealth, values, and succession planning. In Switzerland, the charitable foundation offers an established and highly credible way to shape commitment so that it is
