June 5, 2009

NYPAN Launches New York Presence

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NYPAN is a network of philanthropically oriented advisors--wealth managers, family offices, insurance advisors, CPAs, attorneys and other disciplines--who help clients achieve charitable goals. Modeled after SPAN, a similar organization in Seattle, NYPAN plans to provide educational events, peer networking and best practices programs for a membership based in the metropolitan New York area. The objective is to help members "gain insight into how to better integrate philanthropy into their discussions with clients and advance the cause of giving in their communities," said Charles (Chip) V. Raymond, NYPAN president and a partner in Hudson Heights Partners, also in New York.

The Tisches, who endowed $35 million to Cornell University, were named among the Top 50 Largest American Charitable Contributors for 2008 by the Chronicle of Philanthropy. They also established the Eleanor and Hardy Hendren Fellowship with a $1 million donation to the Boston Children's Hospital for rare disease research. In addition to their philanthropic endeavors, Andrew Tisch is co-chairman of the board of Loews Corporation. His wife, Ann Rubenstein Tisch, is a television news correspondent who was the driving force behind the ground-breaking Young Women's Leadership School established in East Harlem in 1996, the precursor to a foundation that has since replicated the model in Chicago, Dallas and Austin, Texas.

According to Yale Levey, NYPAN vice president and principal of Next Generation Wealth Planning in Roseland, N.J.: "PANs (philanthropic advisor networks) are beginning to spring up holistically all over the country."

A discussion following the luncheon will focus on ways to discuss philanthropy with investors; the advisor's role in philanthropic planning; differences between focused gifting and broad gifting; what legacy means to individuals; and the meaning and importance of work/life balance. For information about the luncheon and NYPAN, contact Chip Raymond at 212-334-6480.

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