Let me introduce myself: My name is Ellie Frey and I am the new director of the Family Business Alliance. The FBA’s vision is that the members of every family business in West Michigan have the strategies, tools and techniques to succeed generation to generation.
I am often asked by the next generation of family-owned businesses about the role of philanthropy within a family. According to national statistics, confirmed by Grand Valley State University’s Family Owned Business Institute study of West Michigan businesses, 80-90 percent of businesses identify themselves as a family business. It’s safe to assume that a lot of philanthropic dollars are created by the success of these businesses.