Are you looking for a greater purpose that will allow your assets to live on beyond you?

In this episode, Jeff, Tim, and Pete discuss:

• What a purpose trust is and how it may benefit your generosity beyond your lifetime.
• How Farmer’s Organic Market and Patagonia are leading the way with purpose trusts.
• Comparing a traditional trust with a perpetual purpose trust.
• Minimizing conflict and maximizing impact.

Key Takeaways:

• Every trust must have a beneficiary. Until a few years ago, that had to be a person, pet, or cemetery plot. Now, there is a 4th beneficiary - a purpose.
• Traditional trusts can be revocable or non-revocable. Perpetual purpose trusts are non-revocable.
• Purpose trusts may be new to the US but have been functioning in Europe for much longer.
• There are many ways to negotiate ownership and shares with a trust, organization, or family. These purpose trusts can be structured in many ways to help promote your chosen purpose.

"As long as you have a purpose, you can begin putting assets into the trust. These assets that are there need to promote the purpose." — Pete Ochs

About Pete Ochs: Pete Ochs is an author, investor, entrepreneur, and chief steward of Capital III and Enterprise Stewardship: two companies dedicated to being a catalyst for flourishing. Pete’s passion in life is to educate, equip, and empower business leaders worldwide to live for something greater than themselves by using their business platform to impact the world for Christ. To further this end, Pete has written two books, High Impact LIFE and High Impact Business, providing personal and business transformation frameworks. More information can be found at enterprisestewardship.com.

Connect with Pete Ochs:

Website: https://www.enterprisestewardship.com/

Book: https://www.enterprisestewardship.com/high-impact-life

YouTube: https://www.youtube.com/@enterprisestewardship3695

LinkedIn: https://www.linkedin.com/in/pete-ochs/

Twitter: https://twitter.com/EStewardship3

Facebook: https://www.facebook.com/EnterpriseStewardship/

Connect with Jeff Thomas:

Website: https://www.arkosglobal.com/

Podcast: https://www.generousbusinessowner.com/

Book: https://www.arkosglobal.com/trading-up

Email: jeff.thomas@arkosglobal.com

Twitter: https://twitter.com/ArkosGlobalAdv

Facebook: https://www.facebook.com/arkosglobal/

LinkedIn: https://www.linkedin.com/company/arkosglobaladvisors

Instagram: https://www.instagram.com/arkosglobaladvisors/

YouTube: https://www.youtube.com/channel/UCLUYpPwkHH7JrP6PrbHeBxw

What is God leading you to do?

In this episode, Jeff and Scott discuss:

• Obedience over outcome.
• Generosity doesn’t happen organically.
• Blessings of Christian education.
• Creating a personal board of directors.

Key Takeaways:

• God’s plan is different than yours. Ultimately, it is better than you could know.
• God calls us to show up, no matter the outcome. The outcome has nothing to do with you, even when you bring your A-game every day.
• Everybody has a broader network than they think they do.
• People are almost always willing to give of themselves when asked.

"My job is to do my best work always, to show up and bring a Christ-centered, Kingdom-centered focus to the workplace, to my co-workers, to my partners, and do the best I possibly can. And He will ordain that outcome, and I will be the beneficiary one way or the other." — Scott Pomeroy

About Scott Pomeroy: Scott Pomeroy is the Chairman and Chief Executive Officer of XTI Aerospace. Scott brings over 35 years of executive experience to XTI. He previously served as the CFO of Dex Media, overseeing equity and debt capital raises of more than $10 billion, and was CEO and founder of Local Insight Media. He also co-founded Gen3 Financial Services, a boutique merchant bank providing capital raising and business advisory services to clients in a variety of industries including aerospace. He has served on several boards, including the Board of Directors of AVX Aircraft Company since 2009, a U.S. military defense contractor and a leading-edge aviation research and engineering company with particular expertise in vertical takeoff and landing (VTOL) aircraft and unmanned aircraft development. Scott began his career at KPMG Peat Marwick. He has a BBA in Accounting and is a Certified Public Accountant.

Connect with Scott Pomeroy:

Website: https://xtiaerospace.com/

LinkedIn: https://www.linkedin.com/in/scottpomeroy/

Company LinkedIn: https://www.linkedin.com/company/xti-aerospace

Twitter: https://x.com/XTIAerospace

Facebook: https://www.facebook.com/p/XTI-Aerospace-100095440081309/

Instagram: https://www.instagram.com/xtiaerospace/

Connect with Jeff Thomas:

Website: https://www.arkosglobal.com/

Podcast: https://www.generousbusinessowner.com/

Book: https://www.arkosglobal.com/trading-up

Email: jeff.thomas@arkosglobal.com

Twitter: https://twitter.com/ArkosGlobalAdv

Facebook: https://www.facebook.com/arkosglobal/

LinkedIn: https://www.linkedin.com/company/arkosglobaladvisors

Instagram: https://www.instagram.com/arkosglobaladvisors/

YouTube: https://www.youtube.com/channel/UCLUYpPwkHH7JrP6PrbHeBxw

What are you willing to sacrifice or concede for the goal of healthy family dynamics?

In this episode, Jeff, Jeff, and Josh discuss:

• Your kids are watching what you say, what you do, what you proclaim, and how those align.
• Learning from our peers while in community.
• Encouraging vulnerability.
• Finding a shared common passion.

Key Takeaways:

• The Gathering gives opportunities for kids and adults, alike, to connect with non-profit leaders and learn and make a difference with important services and programs.
• There are things that you are going to be assigned to do, have you made space to allow the next generation to carry forth something bigger than you?
• We don’t want to forget what is tried, true, and proven to work. But we also don’t want to forget to look at what might be, what ought to be, and what is coming next.
• Stewardship with family should be amazing and life-affirming. It should show you the goodness of God.

"Sometimes there are generational differences in what strikes our hearts as worthy of God's resources - worthy of our attention, worthy of our family’s capital - and some of these, you can frame it as disagreements. You can also frame it as a search for what you find as a shared common passion." — Josh Kwan

About Josh Kwan: Josh Kwan is the President of The Gathering, a learning community of philanthropists motivated by their Christian faith to give humbly and steward wisely all the resources God has entrusted to their care. Previously, he was a Co-Founder and Partner at Praxis, a creative engine for redemptive entrepreneurship whose mission is to build ventures, foster community, and create content for equipping Christian innovators, founders, and funders.

Josh served as the Director of International Giving for the David Weekley Family Foundation, where he divided his time between conducting due diligence on innovative social enterprises and helping portfolio organizations scale their impact. He worked as a journalist and was published in The San Jose Mercury News, The Wall Street Journal, Newsweek, and Stanford Social Innovation Review. He also co-founded Abide, a mobile app for encouraging and enlivening the practice of prayer and meditation. He has an AB from Harvard College and an MBA from Northwestern’s Kellogg School of Management. He lives with his family near San Francisco.

Connect with Josh Kwan:

Website: https://www.thegathering.com/

LinkedIn: https://www.linkedin.com/in/joshkwan/

Connect with Jeff Thomas:

Website: https://www.arkosglobal.com/

Podcast: https://www.generousbusinessowner.com/

Book: https://www.arkosglobal.com/trading-up

Email: jeff.thomas@arkosglobal.com

Twitter: https://twitter.com/ArkosGlobalAdv

Facebook: https://www.facebook.com/arkosglobal/

LinkedIn: https://www.linkedin.com/company/arkosglobaladvisors

Instagram: https://www.instagram.com/arkosglobaladvisors/

YouTube: https://www.youtube.com/channel/UCLUYpPwkHH7JrP6PrbHeBxw