In this episode, Matt Knight sits down with Malcolm Burrows, founder and executive director of Aqueduct Foundation, Canada's 13th largest foundation with over a billion dollars in assets and $900 million granted to charities across Canada.
Malcolm shares his 35-year journey in philanthropy, from his early days at the University of Toronto to his current role helping business families transform wealth into purpose. With remarkable candour, he reveals how philanthropy is a powerful expression of family values while addressing practical wealth transition challenges.
Throughout the conversation, three powerful insights emerge:
- How business families can strategically structure their giving through private foundations, donor-advised funds, or corporate foundations
- The importance of creating governance structures that provide autonomy while fostering family collaboration
- Why philanthropy should complement family business governance rather than being seen as a magic solution for family harmony
For family business leaders concerned about declining charitable giving trends across Canada, this episode offers practical wisdom on structuring philanthropy to sustain legacy while embracing necessary change. Malcolm's experience demonstrates that with intentional communication and shared purpose, family enterprises can leverage their unique position to make a significant community impact.
Don't miss this thought-provoking conversation that combines heartfelt family business perspective with actionable philanthropic strategies, including how Aqueduct Foundation serves as a "bridge" to help business families transition their wealth into meaningful community impact.
This video podcast series is proudly produced by the team at Road 55 - located in Edmonton, Alberta. For more information, please visit:
www.road55.ca What is Table Talk with ABFI?
Table Talk with ABFI
Host: Matt Knight, Executive Director of Alberta Business Family Institute
Dive into the world of family businesses with "Table Talk with ABFI." Hosted by Matt Knight, this unscripted podcast spotlights Alberta's entrepreneurial families and we'll talk about many aspects including:
-Origins & Evolution: Discover the foundation of family enterprises and their transformative journeys.
-Personal Triumphs: Hear heartfelt stories of individual ambition and resilience.
-Family Dynamics: Navigate the intricate interplay of relationships, transitions, and generational handovers.
-Growth & Motivation: Uncover breakthrough moments and strategies propelling these businesses forward.
Join the conversation and be inspired by tales of tenacity, innovation, and family legacy.