At the Council on Foundations Annual Conference in Washington, D.C., some funders were expressing a move toward a new way of doing business with their grantees. Accountability has long been a theme in grantmaking. It has traditionally been top-down – foundations being held accountable to the people whose money they are spending and grantees being held accountable to the 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 week's issue, you'll read about:
- Continue the Conversation - 2014 Annual Conference Recap
- Sherry Magill Elected Council Board Chair
- Vote in 2014 Council Awatds Program
- Monitor Insitute Launches the What's Next for Community Philanthropy Toolkit
Read all this and more with This Week at the Council!
In this week's issue of Washington Snapshot, you'll read about:
- Community Foundation Survey
- Implications of Cantor Loss
- Impact of McCutcheon on Grantmaking
- Future Challenges and Opportunities for Community Foundations
- 2014 Annual Conference - Recap!
- Announcing New Board Members and Chair
Read all this and more online!
As a foundation whose roots trace back more than 80 years, reflection on the past is a key part of our process for moving forward. Are we staying true to the values and the intent of our late founder, Will Keith Kellogg, as we steward the resources he left to improve the lives of children and families? And can we employ new approaches to using those resources to maximize our impact on those he cared about most?
The following piece originally appeared on Forbes.com. It is written by Brad Phillips of the Institute for Evidence Based Change, a Lumina Foundation grantee.
The largest influx of veterans since the end of World War II will return to the workforce and college in the next several years. The surge is the result of military downsizing following wars in Iraq and Afghanistan and steep cuts to the Pentagon’s budget. As the nation heads into the Memorial Day weekend and seeks lasting ways to honor military service, we have some suggestions.
During the 2014 Annual Conference - Philanthropy Exchange - we will be posting blogs written by speakers and attendees. If you are interested in blogging with the Council, contact firstname.lastname@example.org.
Thank you, Good afternoon. I think we all have a thing or two to learn from amazing students like these.
I’m grateful to Gwen and the News Literacy Project for an enlightening discussion and for joining us here today. And, thanks to all of you for joining us at the 2014 Annual Conference of the Council on Foundations: Philanthropy Exchange!
Many of you have traveled a long way to be with us. We have leaders from as far away as Anchorage and Australia, from Baton Rouge to Tanzania.
In this issue of Washington Snapshot: