HUD No. 14-128
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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HUD No. 14-128
William S. White with Council President and CEO Vikki Spruill after accepting his honor.
The Council is aware that an individual healthcare worker, who has since tested positive for Ebola, recently travelled from the Cleveland airport. To date, there are no confirmed cases of Ebola in Ohio.
The Council is closely monitoring the information provided by the Cleveland Department of Health, the Ohio Department of Health, and the Centers for Disease Control and Prevention (CDC).
In an abundance of caution, the Council has reached out to local health officials and conference venues.
The Council on Foundations today announced the release of its 2014 Grantmakers Salary Tables and Board Compensation Tables. Both publications include data collected through the Council’s annual Grantmakers Salary and Benefits survey, and represent two of the most comprehensive sets of data on U.S. foundations’ staff compensation and board compensation practices available.
The Council on Foundations announced today that Darcy Oman, President and CEO of The Community Foundation Serving Richmond and Central Virginia, received the Distinguished Service Award. And, Shelley Trott, Director of Arts Strategy and Ventures for the Kenneth Rainin Foundation received the Robert W. Scrivner Award for Creative Grantmaking for innovation and strategic vision in grantmaking.
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This afternoon, the United States House of Representatives passed an important legislative package impacting philanthropy, the “America Gives More Act of 2014” (H.R. 4719), with a bipartisan super-majority vote of 277-130.
While a sizable number of Democrats voted against the bill because of concerns over how to pay for these provisions, they nonetheless expressed support for the policies advanced by the charitable provisions in the bill.
When we face a new challenge, one of our first instincts is to reach out to someone for advice. By collaborating, sharing resources, and discussing common challenges, you and your peers multiply your impact and advance the common good.
The Council on Foundations' 2014 Grantmakers Salary and Benefits Survey is now closed. The 2014 Salary Tables will be published this fall and the full report will be released in early 2015.
The survey collects information on benefits policies and practices, as well as compensation data for 35 positions at community, corporate, private, public, and operating foundations. New to this year's report: