1
Q

“Are you called or are you driven?” asks Bob Buford. Which statement or statements below are implied in his question?

I. Some of us are called to a higher purpose
II. Many of us are driven by our own egos.

A) I Only
B) II Only
C) Both I and II
D) Neither I nor II

A

C) Both I and II

Bob would agree with both. He is asking us to reflect on our feverish efforts to do more, achieve more, be more. Are we driven by ego, wants, and needs? Or are we called to a higher purpose to which our effort responds? One he would consider to be true freedom, the other a kind of slavery.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

“Bob, what is in the box?” When asked this by a life coach, why did Bob find this question so challenging?

I. Bob was raised by his mother to take over the family business and make it a success, and he grew up with a strong religious orientation.
II. Bob felt he could only have one highest value, either worldly success or success by the standards of his faith.

A) I Only
B) II Only
C) Both I and II
D) Neither I nor II

A

C) Both I and II

Both fit with what Bob means. The question about the box implies that we have a highest value, the one we pick when we have to make hard choices between things we value. For Bob, that meant choosing between the dollar sign and the symbol of his faith. Once he chose the symbol of his faith, he was able to bring money back into it, but subordinate to his sense of purpose. He decided to stay in business, but as a way to create the wealth he needed to build an organization that would serve churches and connect them to resources.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

100X. What does that motto mean to Bob Buford?

A) Be fruitful 100 times over.
B) For every dollar invested, have 100 dollars of social impact
C) For every dollar of giving, inspire other to give 100 times as much.
D) For every dollar given, 100 times as much benefit will be received by the joyful giver.

A

A) Be fruitful 100 times over.

Bob recalls a Biblical passage in which the soil bears fruit 100 times over what was sown. He feels that of those to whom much is given, much is expected. He sees this as an obligation. He doesn’t preach it as much as live it. Because of the sincerity, depth, and authenticity of the alignment between his values and his actions, Bob’s book resonates with many who may not share his faith. He walks his talk.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

As a rising star in business, building Buford Cable Television, Bob Buford says his orientation was “up and to the right.” What is the best paraphrase?

A) He was oriented to what is highest in himself and to what is right.
B) He was oriented to making his net worth grow, as on a chart, upwards and to the right.
C) He wanted to do both good works in the world for others and also to make success of himself in business.
D) His world revolved around his growing philanthropy, more and more, for higher and higher purposes.

A

B) He was oriented to making his net worth grow, as on a chart, upwards and to the right.

Bob’s book is a gospel of wealth, in its own way. It tells as many good stories do, of a dramatic turning point, a change of life. Bob says that in his youth he, like so many business people, was caught up in the competitive struggle of business. He wanted his wealth to grow up and to the right, exponentially, and it did. But he found that alone was not enough.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q

Bob Buford describes his own midlife transition in terms of a “sigmoid curve.” Which statement or statements apply?

I. A sigmoid curve, as Bob would draw it, is a rising S curve that overlaps upon an earlier rising S curve
II. The first curve for Bob is success, the second is significance, and the two overlap for a period of years

A) I Only
B) II Only
C) Both I and II
D) Neither I nor II

A

C) Both I and II

Both are in tune with what Bob suggests. With the two rising S curves, one overlapping the other, Bob makes the point that we don’t have to quit one life to start another. It may be wiser to keep the old life going as we test out the new. That period of overlap may extend for several years, or may even continue for along time, “double-tracking,” not with a hobby but with a second passionate interest.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
6
Q

In old age, says, Erikson, we must achieve “integrity,” or we will fall into “despair and disgust.” What statement or statements below is in accord with his meaning?

I. Seeing your life as having had a purpose and as being a unified whole.
II. Seeing your life as having both expressed and formed your true identity or character

A) I Only
B) II Only
C) Both I and II
D) Neither I nor II

A

C) Both I and II

Both fit. Erikson wrote about Identity and the Life Cycle. As our lives unfold we both express who we are and are formed by events. Much seems to happen at random or by change. Sometimes, terrible things befall us or those we love. Yet, toward the end of life, he says, the psychological task that must be accomplished is somehow to see ourselves and our live whole. We must see ourselves and the people who became important to us as having lived our a meaningful arc, as in a work of art, where there is a purpose that seems right, even destined, providential, fortunate, or fated. We many often have erred, but from such missteps we have learned and become what we were meant to be. To fall short of this self-understanding and self-affirmation, he feels, leaves us on the bring of death, in a state of “despair and disgust,” because time is “too short now to start another life or try out alternative paths to integrity.”

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
7
Q

Often, when people make a transition from success in business to a different life, based on another purpose, it is because they have been jolted awake. Bob Buford writes, “Here’s something you can’t dream your way out of,’ I told myself. ‘Here’s something you can’t think your way out of, buy your way out or work your way out of.’” What was he referring to?

A) An auto accident in which he injured someone
B) The death of his wife
C) The onset of Parkinson’s
D) His son’s death

A

D) His son’s death

His son, Ross, died swimming the Rio Grande. Bob had already experienced a yearning for a more meaningful life, but his son’s death jarred him awake and sped his transition from success in worldly terms to significance according to a higher standard.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
8
Q

Parker Palmer likes the “soul” to a wild animal. Which trait or traits below does he attribute to this wild creature?

I. It knows how to survive in difficult environments.
II. It is shy and will flee deeper into the woods, if pursued

A) I Only
B) II Only
C) Both I and II
D) Neither I nor II

A

C) Both I and II

Both are mentioned. Parker is a remarkable writer who makes full use of a civic, and even spiritual, vocabulary, drawing on his own experiences in facilitating thousands of small face-to-face circles of trust. The moral of his work for listening is that we cannot come crashing into another person’s life like a hunter charging through the underbrush. We will sight what is deepest in another person only if we lay aside our own agenda and simply wait and listen expectantly for what may appear, and then accept that on its own terms. This is close to what Solie calls “whale watching.” Also, true, according to Parker, is that the should or deepest inner resource is fierce when cornered and adapted to survival in difficult and treacherous circumstances. We can come through remarkably difficult things. Many of our clients and donors have.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
9
Q

The course suggests that “legacy,” giving, or making a difference, are concepts that have different meanings to people as they pass through the life cycle. For a young person, say, 24, what developmental need or needs might starting or joining a double-bottom line social venture meet?

I. Living our a moral identity within a circle of peers, family and friends
II. Making a living

A) I Only
B) II Only
C) Both I and II
D) Neither I nor II

A

C) Both I and II

Both are correct. A younger person may not want to have to choose between “selling out” and making a living. The urge to both be a good person and make a good living can be expressed in joining a nonprofit but can also be expressed, and is for many young people today, by starting or joining a business set up to both be profitable and do good. Interest in such ventures runs high among people in business school; in fact, such interest has been growing exponentially.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
10
Q

What does Ken Dychtwald mean by “the power years?”

A) The years of greatest success in business, usually 44-55.
B) The years when power strikes us as most important, usually before a mid-life transition
C) The years that were once called “retirement.”
D) The years late in life, when we review our lives and have the power to understand ourselves.

A

C) The years that were once called “retirement.”

Retirement, Dychtwald suggests, is a concept that is out-of-date. We are now living longer. We have what amounts to a longevity bonus. How we will use these extra years productively is the question. In these “power years,” we may transition to a passionate interest that we have neglected, or cycle in and out of work, or turn a hobby into a new income-generating activity.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
11
Q

What is the two task of early adulthood?

A) Self and society
B) Success with significance
C) Love and work
D) Family and friends

A

C) Love and work

Finding love and meaningful work in the world. So say developmental psychologists like Freud and Erikson. You may check it against your own experience and understanding. Much of financial planning seems devoted to the view of these early adult years – planning for self and family, planning for success at work. For most in these years, philanthropy or giving is relatively minor issue. The money is not yet there, and the work of love is close to home. The younger person may try to combine work, love, and care for the community in a career in a socially responsible business, may prefer to invest in socially good companies, or may change consumer choices to reflect the values and impact of the brand. Except for the few who become wealthy while young, who inherit great wealth, or who have a family foundation established by parents, however, philanthropy per se is not likely to rise to a topic worthy of discussion with advisors.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
12
Q

“Great life, great wife, but my life? My wife?” A man who feels this way is likely in what “predictable crisis of adult life?”

A) Crisis of young adulthood
B) Midlife Crisis
C) Transition to the Power Years
D) Late-life transition

A

B) Midlife Crisis

This sounds like midlife crisis, or midlife reset. It can be triggered by a brush with morality, a sense of no longer being Superman, a recognition that time is limited. What can be “sold into” this crisis? All kinds of things: a convertible, a red motorcycle, hair transplants, vitamins, gym membership. And what else? Bob Buford’s book makes clear that one of the most important life changes can be towards philanthropy. Instead of trying to go back in time, the client decides to move forward, but toward something of greater and permanent value. it is no longer, necessarily about love and work narrowly considered as just spouse and children. It becomes about leveraging wealth for a greater good. If wealth is not there, perhaps time can be leveraged into volunteer work or board service.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
13
Q

Measured in both time donated and money, which cohort is the most generous?

A) 35-44
B) 45-54
C) 55-64
D) 65 and older

A

D) 65 and older

People 65 and older give more time and money per person than any other group.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
14
Q

David Solie speaks of an elder as longing to leave an “organic legacy.” Which elements or elements go into the process by which such a legacy come into being?

I. It begins with a “grand retrospective,” or life review, in which events of the entire life are brought to mind and woven together to answer such question as: “What was the meaning of my life?” “How did I make a difference?” “How will I be remembered?”

II. It may be facilitated by a therapist or other professional, who asks story questions, like “What was the world like when you grew up?” “What was the happiest time of your life?” “If you could change one thing, what would it be?”

A) I Only
B) II Only
C) Both I and II
D) Neither I nor II

A

C) Both I and II

Both are true. We often think that a legacy must be “sold” to clients or donors. We think it may have to do with persuasion or solicitation. Or we may think it has to do with specific “results.” Solie, along with Erikson and, for that matter, Paul Schervish, Parker Palmer, and Peter Karoff, helps us see that legacy is rooted in the human need to have lead a meaningful life, to have been fully present, to have shown up as what we are, our own best self, and to have left something behind. It is about narrative, about moral autobiography. This process, Solie says, is “not optional.” For older people, it becomes almost compulsive. As advisors or fundraisers, we can facilitate the process by asking questions that lead from the past, to the present, to the future, to what will live on. IN helping elders find what David Solie calls their “organic legacy,” one rooted in their own life story and moral identity, we help the best in them live on.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
15
Q

David Solie speaks of listening to elder as “whale spotting.” Each statement below fits his meaning EXCEPT:

A) As we raise life questions with elders, the surface of the conversation may remain smooth and untroubled, but much may be happening below the surface.

B) Those spotting whales on a cruise ship scan the horizon, but the whale may surface from an entirely unexpected direction; likewise, in a conversation with seniors, the most important and energetic concern may arise unexpectedly, and we must then adjust.

C) The conversation with elders about legacy is often non-linear and discontinuous.

D) Elders are often infirm, do not focus well, and tend to go off on their own tangents.

A

D) Elders are often infirm, do not focus well, and tend to go off on their own tangents.

In the terminology of other authors in this course, Solie is an empathetic and generative listener. He lets the client or donor be and listens within their frame of reference. To many younger listeners, it may seem that old people are feeble-minded and go off on infuriating tangents, flashbacks, and digressions. To Solie, on the contrary, the elder is hard at work piecing together a story of their life. The flashbacks and digressions are pulling the pieces together. The major insight may surge up like a whale, surprising both hearer and teller. (This is close to what Scharmer calls “generative listening,” which brings something new into existence.)

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
16
Q

Elders seek to pass on what matter to them in which way or ways?

I. Wealth, through legal and financial means

II. Meaning, wisdom, discernment, through stories

A) I Only
B) II Only
C) Both I and II
D) Neither I nor II

A

C) Both I and II

Both are true. What this simple question flags is a “mind shift” that has yet to hit 99.999% of advisors. We all state that clients want to pass on values more than valuables. But we have no idea of what this means or how it happens. It has very little to do with prose, unless by prose we mean story, narrative, or moral autobiography. Discernment is a sense of where we came from, where we are, where we are going, and what lives on. Clarity, in this realm, is the clarity of history, art, myth and revelation - which are never clear, always showed, ambiguous, enigmatic, strange, evocative, personal yet also universal. To listen for values is to listen for the character of the protagonist in a story told by a speaking self - a genre unto itself. Critics call it “the unreliable narrator.” Or it may be a soliloquy. To listen well is bring the speaker into voice, in such a way as the story’s veils and illusions and exceptions and recognitions come together in a whole that ends well and foretells a future. The clearer the best possible future becomes, the more it can be stated with names, dates, dollar amounts. To get to that clarity, though, above the line means learning to listen for meaning where it is found, in the most unlikely of all places; in a rambling, inconsequential, tangles, tale told by a tiresome old person - - the person we will someday become, if we are fortunate enough to live to life expectancy.

17
Q

With respect to “priming,” a term borrowed from psychology and applied to our work as philanthropic advisiors, which statement or statements below is (are) correct?

I. Priming means how the stage is set and how the clients frame of mind, or frame of reference, is established.
II. Legacy planners can “prime” for money, meaning, or both

A) I Only
B) II Only
C) Both I and II
D) Neither I nor II

A

C) Both I and II

Both are correct. Our initial questions can “prime” a client for a discussion of tax, tools, and techniques, or our initial questions can prime the client to consider legacy planning under the heading of purpose. Priming might also depend on the setting – are we in a business office, at a desk, with computer printouts and legal books? Or, are we having the conversation about legacy while walking on a mountain path or sitting together on the client’s veranda, as the waves roll on the beach? Priming can also be determined by the advisor’s demeanor. To what issues are we receptive? What issues do we dismiss? What body language or verbal cues signal our willingness to diverge from our technical expertise into a conversation of purpose?

18
Q

With respect to “life review,” which statement below is (are) correct?

I. It is a phrase from psychology denoting the review elders conduct of their own lives

II. It is a narrative process that David Solie terms, “the great retrospective”

A) I Only
B) II Only
C) Both I and II
D) Neither I nor II

A

C) Both I and II

Both are true

19
Q

With respect to “the grand retrospective,” as described by David Solie, which of these statements is (are) true?

I. It is not optional in elders

II. It is a narrative arc spanning a lifetime or longer

A) I Only
B) II Only
C) Both I and II
D) Neither I nor II

A

C) Both I and II

Both are true. The creation of that grand retrospective is a form of sense-making that is not optional in elders, though the attempt may be balked, stymied, and truncated. The elder attempts to see the arc of a life and the of the generations they knew, older and younger, as part of a more than trivial story. A good story has a good ending. And the ending echoes the beginning. The end fulfills the promise of the beginning, but to see this is not easy, with all the mistakes made, the road that went nowhere, the illusions, delusions, and stupid mistakes, all the people harmed along the way, so much damage, and so much that was valuable now lost beyond hope of recovery. Yet, was it all for naught? Was anything learned? What life lessons are hidden in the enigma of our tangles lives? What have we learned? Is that discernment? Wisdom? Or the final illusion of a fading mind? If anything has been learned, if it is wisdom, will anyone listen, as we attempt to articulate it? If we tell the elder stories over and over, will they see the moral, or feel we “have lost it?” If we have found the moral, and state it, will it be more than a cliché? Who will listen us into a sense of what we were and what will live on? The attorney who comes to do our last will and testament? The advisor to update our finances? The nurse who calls us “dear”? The fundraiser who is talking about our legacy, more now that we are ill? Will the priest or rabbi listen? Children, grandchildren? Anyone at all, or are we no more than a “wealth holders,” a “client,” a “customer, “ “investor,” “consumer,” a “testator,” “a patient,” a means to someone else’s ends? Will anyone see us, hear us, as a human being, a living soul in transit? If we could convey to them what they, too, will confront, would they listen or flee?

20
Q

With respect to elders and story, which statement or statement below is (are) true?

I. Dr Russell James found, through MRIs, that when elder are asked about legacy, the brain centers associated with story and with seeing oneself from outside oneself are activated.

II. When asked a life question, such as those CAPs raise, elders often answer with a story beginning way back in time.

A) I Only
B) II Only
C) Both I and II
D) Neither I nor II

A

C) Both I and II

Both are true. What you have seen in this course, author by author, is an attempt to get at an observed truth. Whereas advisors generally deal in facts and figure, the currency of the self is story. We understand who we are within stories - history, myth, biography, legend, revelation, brands. What Dr. James, once the president of a Christian college and a fundraiser, has done is to use science to prove what is, for some of us, blindingly obvious: that legacy is a matter of getting your story straight to meet your Maker, or enter the darkness. When we, as CAPs, ask a life question, what it may elicit is no answer we can call an “answer” or enter directly into a financial planning fact-finder or software program. What will stream out, in a halting search, like a dog on a scent, is story inside story, often with no resolution. What the donor client is doing is what Dr. James has studies, trying to find meaning in what is a very broken pattern, the mess the donor or client has made of a life, or the lovely thing they have made. And often, it is a bit of both. Am I a good person? A Bad person? What might I yet do to make up for my failings, to offset the wrongs, to live up to the promise of youth, to live by the code a mother taught? To be what I was meant to be? Such is the inner work triggered by a good question. The upshot may be the clarity of a better ending. Through the organic legacy, what is best in the donor lives on in the only way it can on this earth, through those who carry on a way of life.

21
Q

With respect to planning a legacy with elders, which statement or statements below is (are) true?

I. Elders will often veer off into nonlinear responses to legacy questions.

II. In finding the thread of their life story, elders may also find the legacy that complete it.

A) I Only
B) II Only
C) Both I and II
D) Neither I nor II

A

C) Both I and II

Both are true. The point is that we, as advisors or gift planners, are generally at an earlier phase than are elders. We are trying to get a job done, which involves eliciting data and getting to an agreement on some kind of legacy decision. As we ask a question that resonates with an elder, we may get a “non-linear” or indirect response. The elder may digress. Often, the tangents go back to an earlier year, even to childhood, or to key turning points later in life. It may seem at that moment as if the donor of client were losing focus or sufferings from decreased mental capacity. Rambling, it seems. But what David Solie helps us understand is that getting the life story straight is essential work for elder. It is not optional. They are driven to it by the human compulsion to see life whole and make sense of what it has been. It is an elder’s means not of evading the legacy issue but of embracing it, by situating the legacy decision in the context of a life and its fulfillment, its completion, its necessary and appropriate “ending,” and something that will not end, something that will continue through others, to keep alive what has been important to that donor or client. So, in digressing, or flashing back, the elder is finding the thread of the life story, and if we let them work on that thread, it will lead, inevitably, to the act, the next scene, and, ultimately, to the final act, final scene. No one want to die. But all must. So what has been accomplished? What has been learned? What can live on? That is the elder’s inner work, and we can, with empathetic or reflective listening, help them achieve the “Aha!” that David Solie describes as the whale suddenly surfacing. The Fithian and Schervish call this “discernment.” It is the insight into the moral autobiography that enables the client to “die happy,” or to sense that the ending is right, or to see that death is not final, since legacy continues.