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.
Leonard Aube, Executive Director of the Annenberg Foundation, passed away this week. He will be remembered for his courage and vision in serving Los Angeles, and providing over $2 billion in support to more than 2,500 non-profits around the world. His leadership will be greatly missed by the entire philanthropic sector.
He is survived by his wife Robin, daughter Kaitlann, and son Kyle.
We encourage you to view the Annenberg Foundation’s touching announcement to learn more about Leonard Aube’s amazing legacy.
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.
THE KNOWLEDGE CENTER
The Knowledge Center is an invaluable member benefit that offers a centralized hub to access tools, resources, and information. Curated by an experienced team well-versed in the philanthropic landscape, the Knowledge Center provides:
A few weeks ago, we were happy to join several hundred of our colleagues in San Francisco for Hispanics in Philanthropy’s (HIP) 2015 Conference and HIPGiver Gala. The daylong series of events focused on Latino leadership in the philanthropic sector, as well as exploring the needs and opportunities for investing in the Latino community.
Tiziana Dearing is the former CEO of Boston Rising, a place-based, anti-poverty, public foundation that aimed to break the cycle of intergenerational poverty by replicating the Robin Hood Foundationand Harlem Children Zone’s models in Grove Hall, a Boston neighborhood inundated with poverty and crime.
Over three years, Boston Rising invested $4 Million in residents, promising entrepreneurs and under performing schools, then -- it dissolved.
Participants Will Learn
Where you live shouldn’t determine how far you can go in life.
The Council on Foundations today announced the release of the 2014 Grantmakers Salary and Benefits Report, the most comprehensive information available on staff composition and compensation for U.S. foundations and corporate giving programs. Salary information is provided for 35 executive, professional and administrative positions, and the report allows grantmakers to compare compensation to that of their peers by foundation type, asset size, and region.
This report offers the most comprehensive information available on staff composition and compensation for U.S. foundations. It contains salaries for 35 full-time positions; allows grantmakers to benchmark compensation against their peers by foundation type, asset size, and region; and offers extensive information on benefits policies and practices. Council members can access the report for FREE!