Private Foundation / Family Investing Advice Sought for

[Tyler Sample]

Hello,

My family has 15,000 mineral acres in south texas as well as 5,000 surface acres. The last three generations have lived off of oil & gas well royalties and it is all going to **** if I am being honest. Selling land left and right, grandparents did not invest, etc.

How can I turn this around? Create my own foundation with the 200-300 acres I will inherit in 20 yrs? Convince my dads generation to allow me to inherit a few acres right now and I can maybe try to multiply that into more capital and create my own foundation?

I am at a loss for words. Any help and advice is appreciated.

Thank you.

[Chris Davidson]

@Tyler Sample This sounds like a big emotional problem for the family. If it is going south and money is drying up come up with a plan on what you would do with the 200-300 acres and how it would generate money for the family. And how you could cut cost or payout to the family to have it transferred to you now. Family dynamics will be the largest factor as sometimes people only like ideas when it is their own. You have to make it a win for them and hopefully not have to also make them "come up with the idea" as well.

Best of luck!