Family philanthropy offers families the opportunity to work together in service of a greater good—and in so doing, strengthen family relationships, transform individual participants, and address pressing social problems. But in today’s evolving landscape, family foundations—particularly more established ones—face a critical internal reckoning. More and more in our work with philanthropic families, we see family members questioning their roles and wondering if their contributions are truly meaningful. This introspection, fueled by a growing emphasis on equity and impact, raises a fundamental question: What is the value of our family in our family philanthropy now?