‘Big Data’ is a hot topic in philanthropy. But what does it actually represent, and how can foundations be most effective in using this data to help inform and advance their work? The first installment of our Leading Forward webinar series will highlight different ways foundations are using Big Data, and how Big Data is being used more broadly to provide insights into the state of the philanthropic field.
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.
Kate Ahern, Vice President of Social Innovation, Case Foundation
In this issue:
- Philanthropy Leaders Converge on D.C. for Philanthropy Week
- President Obama Releases FY 2015 Budget
- Chairman Camp's Tax Reform Bill
- Lois Lerner Pleads the Fifth, Havoc Erupts
- Social Impact Bonds Issue Briefs
In This Week at the Council, you'll find:
- Philanthropy Week at the Council
- Twitter Chat
- Improving Social Impact Finance
- Take Part in the Columbus Survey
- Tweet of the Week
Find all of this and more in this weeks issue!
3 Ways to Bring Philanthropy Week to Your Community
Right now, over 200 leaders from across the philanthropic sector are uniting in Washington, D.C. to tell their lawmakers that thriving philanthropy builds thriving communities. As lawmakers contemplate comprehensive tax reform, individual changes to the tax code and the President’s FY2015 budget, we must ensure Washington understands that tax policy matters to philanthropy.
President Obama unveiled his Fiscal Year 2015 Budget yesterday, which sets forth the Administration’s spending and policy priorities for the coming year. The Budget presents a fiscal plan oriented around three White House priorities: accelerating economic growth, expanding opportunity for all Americans, and reducing deficits. To cover the cost of these proposals, the Administration seeks to close certain “tax loopholes” it views as providing particular benefit to the wealthy, such as the carried interest deduction.
Working in collaboration with the Center for American Progress, the Council co-hosted conversations among foundations, community development financial institutions, and investment firms about social impact bonds and Pay for Success. Out of these conversations, two issue briefs were created:
In this issue:
- Chairman Camp Releases Tax Reform Proposal
- Philanthropy Week Update
- Council Submits Comments on Proposed 501(c)(4) Regulations
- President highlights foundations' investments in My Brother's Keeper initiative announcement
- State Activity
In this week's This Week at the Council, you'll read about:
- Tax Policy Debate Heats Up
- Philanthropy Week in Washington Final Preparations
- Council Responds to Chairman Camp
- Council to IRS: 501(c)(4) Rules Go Too Far
- Twitter Chat on Friday, March 7, 12pm
- Private Foundation Investment Study
As President Obama presents his proposed budget and as Congress considers comprehensive tax reform, proposed policy changes could have a significant – and potentially harmful – impact on philanthropy’s effectiveness. That’s why the Council on Foundations is pleased to welcome nearly 150 leaders from throughout the philanthropic sector for the first annual Philanthropy Week in Washington March 3-7, 2014.