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.

This legislation includes several important provisions that will help charitable and philanthropic organizations serving communities in every Congressional District across the country. Specifically, H.R. 644 would permanently enact three temporary and currently expired giving incentives – the IRA charitable rollover and enhanced incentives for the donations of food inventory and land conservation easements. The measure also simplifies the excise tax rate on private foundation investment income.

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The policy issues that impact philanthropy are wide-ranging. The Council’s team of policy and legal experts regularly monitors and tracks proposals impacting individual giving incentives, tax code provisions that impact the business operations of foundations, IRS regulatory proposals, Administrative actions, policies affecting cross-border philanthropy, public-philanthropic partnership developments, and much more.

Our issue pages include the latest developments on policies that will impact your foundation’s work, including:

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Learn more about how you can maximize the Council's network to further enhance your work in the field. Senior leaders from the Council discussed additional services, initiatives, and updates that have an impact on the larger philanthropic community and Council members.