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.

Democratic Practice

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!

In this weeks This Week at the Council, you'll read about:

  • Deadline Extended: Submit Your Nominations for the Council Award Program
  • Elevating Philanthropy's Support for Veterans
  • Loyola University Honors Vikki Spruill
  • Healthy Minds Healthy Communities
  • Tweet of the Week

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).

In this issue:

  • First Lady and Dr. Jill Biden Announce Philanthropy-Joining Forces Impact Pledge
  • Council Comments on IRS Priority Guidance Plan
  • Congress Takes Up Extenders
  • Favorable IRS Rulings to Know About
  • Philanthropy News and Op-eds

Read this issue.

The Council on Foundations is pleased to announce two summer webinars that will delve into critical provisions in comprehensive tax reform proposal introduced by House Ways and Means Committee Chairman Dave Camp (R-MI-4). The proposal lays the groundwork for comprehensive tax reform, and contains dozens of provisions that affect foundations, including—

First Lady Michelle Obama and Dr. Jill Biden
Launch Philanthropy-Joining Forces Impact Pledge

Unveil Veterans Philanthropy Exchange

The Council on Foundations wrote to the Department of Treasury and the Internal Revenue Service (IRS) this week to urge them to prioritize several regulations and guidance documents that impact our members. Each year, the Priority Guidance Plan identifies and prioritizes those tax issues that the agencies should address through regulations or revenue rulings, procedures, notices, and guidance throughout the upcoming year.

Pages

Subscribe to RSS - Family Foundations