Tag: Philanthropy Strategies
Celebrity Estates: Philanthropy, Legacy and Family Wealth with Philip Richter

Celebrity Estates: Philanthropy, Legacy and Family Wealth with Philip Richter

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Legacy is often shaped less by what is given and more by how values are shared across generations.

In this episode of Celebrity Estates, wealth manager Philip Richter joins the show to explore philanthropy as a core part of estate planning and family decision-making. The conversation examines The Giving Pledge and how charitable intent, when left informal or unspoken, can lead to confusion, missed opportunities and misalignment among heirs.

Philip explains why separating legacy from inheritance helps families focus on purpose rather than dollar amounts. He also shares how donor-advised funds, private foundations and charitable trusts can bring structure to giving while encouraging communication and shared responsibility.

Join Senior Editor David Lenok and Philip Richter, president and partner at Hollow Brook Wealth Management, as they break down the estate planning lessons behind philanthropy, generational education and building a legacy that extends beyond assets.

Philip discusses:

  • How philanthropy can strengthen family communication while aligning values across generations through shared giving plans
  • Why separating legacy from inheritance helps families focus on purpose, not just asset transfer
  • Common structures for charitable giving, including donor-advised funds, private foundations, and charitable trusts
  • The role advisors play in moderating sensitive family discussions around wealth, values, and responsibility
  • Why early education and transparency prepare heirs to steward both capital and charitable intentions

Resources:

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About Our Guest:

Philip Richter is the President and Partner of Hollow Brook Wealth Management where he oversees firm-wide client relations, marketing and business development, and sits on the investment committee. Philip is involved with asset allocation, manager selection, and equity research. Philip previously served on the board of directors of WidePoint Corporation (NYSE: WYY). Currently, Philip sits on the board of the United States Equestrian Team Foundation, the United States Equestrian Federation, Revs Institute, and the Pray Family Foundation. Philip is the Chairman of the Lake Placid Horse Show, and the Treasurer of the Hampton Classic Horse Show. Philip received a BA from Boston College and an MBA from the Stern School of Business at New York University. Philip is a vintage car enthusiast who maintains a collection of modern classics and pre-war motorcycles. He participates in international car shows, hosts the Turtle Invitational (a biennial car show in Bedford, NY), and is a regular contributor to many equine and collector car publications. Philip also competes in equestrian show jumping in the high amateur-owner division.