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.
Bipartisan consensus around criminal justice reform is growing nationally with more foundations increasing their efforts to change the way we think about prisons and public safety. As this issue continues to gain momentum, we ask how can philanthropy take a leadership role in reforming the criminal justice system in America?
Join the Council on Foundations for a Twitter Chat, Wednesday, August 26 from 12-1 PM ET, as we explore these important questions together.
On April 25, 2015 a 7.8 magnitude earthquake occurred in Nepal, in an area between the capitol city of Kathmandu and the city of Pokhara, according to the U.S. Geological Survey. Tremors and aftershocks were felt across the region in India, Bangladesh, Tibet and on Mount Everest. As the world has watched the devastation unfold, the question “what should I do?” has been repeated.
A Common Vision for Improving the Future of Community
The Future of Community Highlights
Join Council staff members, Kim Bluitt, Member Relations Director, Pacific, and your peers in the Southern California area for peer networking and conversation on the benefits of Council membership. The Council provides an array of services to assist foundation members. We are constantly seeking member feedback to improve our services and develop new ones to continue providing you with the most relevant and timely resources.