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.

In this week's issue:

  • Senate Philanthropy Caucus Briefing During Philanthropy Week
  • Camp tax reform plan expected next week
  • More tax extenders buzz
  • Polarized views on IRS political activity rules
  • IRS 2013 Changes to Form 990-PF
  • State Activity

Read the full issue today!

This blog was originally posted on Philanthropy Northwest's website.

In this issue:

  • Philanthropy Week in Washington
  • President's State of the Union Address
  • Tax News
  • Baucus' Path to China

Read this issue.

The following infographic was prepared by Mark Neithercut, of Neithercut Philanthropy Advisors. You can also see his earlier graphic, Six Misconceptions About Family Foundations.

In this issue:

  • Philanthropy Week in Washington
  • Tax Policy Happenings
  • Omnibus Spending Bill

Read this issue.

In this issue:

  • Philanthropy Week in Washington
  • Tax Policy Happenings
  • Government spending debate
  • IRS updates revenue procedures

Read this issue.

In this issue:

  • Council letter featured in The New York Times
  • Council Announces Philanthropy Week in Washington
  • Budget agreement passed
  • Tax Policy Happenings
  • Thune-Wyden Letter on the Charitable Deduction

Read this issue.

In this issue:

  • Council President Responds to Critical New York Times Op-Ed
  • Senate Democrats host Council President for Conversation
  • Thune-Wyden Letter on the Charitable Deduction
  • Budget Agreement Reached
  • Tax Policy Happenings
  • IRS Nominee Promises to Investigate Nonprofit Fraud
  • Trending Critique of Nonprofits and Philanthropy

Read this issue.

Pages

Subscribe to RSS - Family Foundations