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).
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Goal 15: Life on Land
- Protect, restore, and promote sustainable use of terrestrial ecosystems, sustainably manage forests, combat desertification, and halt and reverse land degredation and halt biodiversity loss -
Goal 14: Life Below Water
- Conserve and sustainably use the oceans, seas, and marine resources -
Goal 13: Climate Action
- Take urgent action to combat climate change and its impacts -
Goal 12: Responsible Consumption and Production
- Ensure sustainable consumption and production patterns -
Goal 11: Sustainable Cities and Communities
- Make cities inclusive, safe, resilient, and sustainable -
In this week's Washington Snapshot:
Goal 10: Reduced Inequalities
- Reduce inequalities within and among countries -
National Hispanic Heritage Month is observed each year from September 15 to October 15. During this time, we celebrate the histories, cultures, and contributions of American citizens whose ancestors came from Spain, the Caribbean, and the Americas. The observation started in 1968 as Hispanic Heritage Week under President Lyndon Johnson.