The Council on Foundations and the U.S. Department of Housing and Urban Development (HUD) today launched the 2017 HUD Secretary’s Awards for Public-Philanthropic Partnerships. The Council and HUD are seeking nominations from charitable foundations working with the public sector to improve the neighborhoods and quality of life for low- and moderate-income Americans.
The Council on Foundations defines a family foundation as one whose funds are derived from members of a single family, though this is not a legal term and has no precise definition. The Council on Foundations suggests that family foundations have at least one family member serving as an officer or board member of the foundation and, as the donor, that individual (or a relative) must play a significant role in governing and/or managing the foundation. Most family foundations are run by family members who serve as trustees or directors on a voluntary basis. In many cases, second- and third-generation descendants of the original donors manage the foundation.
Family foundations make up over half of all private (family, corporate, independent, and operating) foundations, or 40,456 out of approximately 73,764 foundations (Foundation Center, 2011). Family foundations make up approximately one-third of the Council’s membership.
Family foundations range in asset size from a few hundred thousand dollars to more than $1 billion. The holdings of family foundations total approximately $294 billion, or about 44 percent of all foundation holdings of $662 billion. Despite this, three out of five family foundations hold assets of less than $1 million. Family foundations gave away approximately $21.3 billion in grants in 2011 (The Foundation Center, 2011).
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February marks the observance of National African American History Month, a commemoration with origins dating back to 1926 when Dr. Carter G. Woodson instituted a week-long celebration to raise awareness of African Americans’ contributions to history. 50 years later, as part of the United States Bicentennial, the week became a month, and today February is celebrated as National African American History Month in the United States and Black History Month in Canada.
Last October, I received an email about an HR nonprofit diversity conference in San Francisco. I forwarded the email to our HR director. I wondered what cool organization had sponsored this event? While surfing around the website of that cool organization, CoF, I spotted the page for the Career Pathways program. My heart beat a little faster. As a founding member of my foundation’s diversity committee and someone who spends a great deal of time brainstorming ways to develop a culture of Diversity, Equity, and Inclusion (DEI), I was doubled over with excitement.
In This Week's Edition of Snapshot...
- Congress Rolls Out Ambitious 200-Day Plan
- President Trump Instates Regulatory Freeze
- International NGOs Face New Restrictions with U.S. Grant Dollars
- In the States: State of the State Addresses 2017
Did you march with the millions of women in cities around the world last week? Or watch President Trump’s inauguration last Friday? Here in D.C., it’s been a crowded and hectic start to 2017.
In this Week's Edition of Snapshot...
My wife and I met as Peace Corps volunteers in Sierra Leone in 1987. Three decades later, we were living on the East Coast, both enjoying fulfilling work in social sector careers. Last year, an unexpected opportunity arose to serve as the Walton Family Foundation’s executive director – the third in the foundation’s nearly 30-year history and the first to come from outside the family network.
There are significant challenges facing Minnesota’s communities, including racial inequality in education, economic opportunities and health outcomes. In Minnesota, members of the philanthropic community work in a variety of innovative and collaborative ways to address these challenges and create a sustainable future.
As the nation approaches the inauguration of the 45th President of the United States, our society remains conflicted on our ability to be united as a people. We find ourselves seeking relief from the divisiveness brought about by several events of the prior year: the civil unrest in many of our communities, the contentious rhetoric associated with the presidential campaign, and the demonstrations of intolerance against the LGBTQ and racial/ethnic communities. Many within our field are working to heal these divisions.
Monday, January 16, is Martin Luther King Jr. Day (MLK Day), a federal holiday in the U.S. The fact that a federal holiday was designated to commemorate the birthdate of Dr. Martin Luther King Jr. is significant - only two other figures have national holidays in the U.S. honoring them: George Washington and Christopher Columbus.