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.

“The only reason for time is so that everything doesn't happen at once.” Albert Einstein

Imagine this: a well-intended, charitably-inclined person of wealth creates a trust in the year 1514. This generous benefactor, deeply committed to an altruistic objective, funds the philanthropic cause without a sunset provision; thus, by default, potentially in perpetuity.

In this week's Washington Snapshot, you'll find:

  • Last Chance: Public Policy Preconference
  • Ways and Means Passes Charitable Tax Extenders
  • California Fundraising Law Advances
  • Online Guide to Missouri and Illinois Charities
  • Concern Over Future of New Markets Tax Credit
  • Revision on NTEE Classification System

Read all this and more, online now.

The following infographic was prepared by Mark Neithercut, of Neithercut Philanthropy Advisors. You can also see his earlier graphic, Six Misconceptions About Family Foundations.

In this week's Washington Snapshot, you'll find:

In this week's edition of Washington Snapshot, you'll find:

In this week's edition of Washington Snapshot, you'll find:

  • The IRA Charitable Rollover - Working Toward Permanence & Expansion
  • New Dates - "Tax Reform: Charting the Future of Philanthropy" Webinars
  • Happenings on the Hill
  • Philanthropy News and Op-Eds

Read it online now!

A lot has been accomplished over the years since HIV/AIDS first was discovered. Scientists have come a long way toward finding a cure, and in the process many of those afflicted with the disease are living much longer than in the past.

It’s the incremental steps made by scientists around the world that have gotten us this far.

At a recent gubernatorial candidate forum I attended in Rhode Island, a Brown University professor presented on the challenges of climate change for the Ocean State. His last slide gave three examples of “win-win solutions.” At the top of the list was the Green & Healthy Homes Initiative (GHHI).

Pages

Subscribe to RSS - Family Foundations