In this issue: Tax Reform, IRS Scrutiny, the Max and Dave Road Show, Great Op-eds that caught our attention, Agriculture and Housing Agencies Collaborating With 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.
In this issue: Tax Reform, IRS Scrutiny, More Great Op-Eds Supporting the Charitable Deduction, Over at 1600 Pennsylvania Avenue
In this issue: Baucus and Hatch Call for "Blank Slate" in Tax Reform, More on Tax Reform, Charitable Deduction, IRS Scrutiny, and Giving USA 2013
In this issue: Giving USA Report Released, Senate Finance Committee Releases White Paper on Tax-Exempt Organizations and Charitable Giving, Baucus and Camp Plan Summer Tax Reform Road Show, Continued IRS Scrutiny
This valuable resource guides foundations interested in becoming part of the national policy conversation and educating legislators about their impact in society. It offers advice on scheduling a meeting with a member of Congress; format options for those meetings; sample letter, fax, and e-mail formats; and more.