Family Foundations

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).

Below is everything on our site for family foundations. You can use the filtering options on the right to narrow these results.

Sherry Magill PhD, Chair of the Board of Directors

I am deeply saddened to learn of the death of Rick Cohen. He and I first met in the mid 1990s when he served at national LISC and we were attempting to develop a local LISC chapter in northeast Florida. Over the years, we met annually at the Council's conference, sometimes sharing a drink or coffee and a conversation, sometimes stopping casually in a common area as we did recently  in San Francisco.

Last Friday, a string of terror attacks took place across Paris, killing more than 130 people on a warm, lively Friday evening. The day before, a double suicide bomb attack killed more than 40 people and wounded 200 more in a market in South Beirut. These attacks happened the same week as a bomb at a funeral in Baghdad killed 18 and a Russian airliner killed 224 on board after crashing near Sinai, Egypt.

In this week's Washington Snapshot:

  • Don't Miss out on Community Foundation Week;
  • News from the Hill;
  • Regulatory News;
  • Happening Around the Globe;
  • Trending in Legal Affairs;
  • Happening in the States;
  • Philanthropy News & Op-Eds.

Read all this and more, online now!

 

 

During this webinar, Council Leadership takes a look back at some highlights from 2015 and a look forward at what’s on the horizon for 2016. Discussion covers the multiple ways in which the Council has fostered community among philanthropic leadership and how our members have played an integral role in building community within their own neighborhoods.

Partner Opportunities

Join us as a Partner at the 2016 Annual Conference

The philanthropic community will come together at the 2016 Annual Conference to address some of today's toughest challenges. The Council on Foundations' Annual Conference brings together global leaders from across philanthropy to develop the ideas and strategies that will shape the future.

In this week's Washington Snapshot:

  • Community Foundation Week Starts Next Thursday;
  • News from the Hill;
  • Regulatory News;
  • Trending in Legal Affairs;
  • Happening in the States;
  • Philanthropy News & Op-Eds.

Read all this and more, online now!

The Council on Foundations maintains a no-solicitation policy covering all of its conferences, meetings, webinars and other events. In order to provide a distraction-free environment for our members and other attendees, we do not allow solicitation of any kind during any event, including asking for business, soliciting fund management services, distributing grant proposals, or requesting grant funding. Additionally, Council members expect that participation in Council events will not result in future solicitations unless the member specifically invites future contact.

Preconference Programming

Separate registration is required for all of these events. Space is limited. Register now!