In this week's Washington Snapshot:
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.
Goal 10: Reduced Inequalities
- Reduce inequalities within and among countries -
National Hispanic Heritage Month is observed each year from September 15 to October 15. During this time, we celebrate the histories, cultures, and contributions of American citizens whose ancestors came from Spain, the Caribbean, and the Americas. The observation started in 1968 as Hispanic Heritage Week under President Lyndon Johnson.
Goal 9: Industry, Innovation, and Infrastructure
- Build resilient infrastructure, promote sustainable industrialization, and foster innovation -
Goal 8: Decent Work and Economic Growth
- Promote sustained, inclusive economic growth, full employment, and decent work for all -
As we start September, I’m sure many of you are busy with year-end activities, whether it’s a final round of grantmaking, planning next year’s budget and program, or your annual engagement at side events for the U.N. General Assembly and other international events. It’s pretty lively here at the Council too, and I want to share resources and opportunities that are on our radar.