The Council has concerns about proposals in recent years that would expand the scope of the unrelated business income tax.
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.
The Council opposes any policy proposal that would eliminate types of supporting organizations and reduce the variety and flexibility of charitable giving tools available to foundations and donors alike.
Delivered Monday, July 13 during the 2015 NAACP National Convention along with Senator Casey, Congresswoman Debbie Wasserman Schultz, Chairman G.K. Butterfield and more.
The full video remarks can be viewed here with Vikki Spruill starting at 1:11.
Interning at the Council on Foundations is giving us a great look at a cross-section of the philanthropic field. The Council’s members, after all, come in all shapes and sizes – large, small, corporate, community foundations, and everything in between. As much as we research them, as much as we hear their names thrown around, the opportunity to actually visit and connect with a member really brought our work into context.
On July 26th, we mark the 25th anniversary of the Americans with Disabilities Act of 1990 (ADA25), which prohibits discrimination and ensures equal opportunity for persons with disabilities in employment, government services, public accommodations, commercial facilities, and transportation. The impact of the ADA on grant-funded projects in healthcare, education and housing has been significant, as the 57 million Americans with disabilities comprise the nation’s largest minority.
As part of the Council’s global philanthropy program, this members-only conference call on July 1, 2015 provided an overview on policy developments in Mexico that are impacting the flow of U.S. philanthropy into the country. On the call, expert speakers delved into the implications for funders of a new anti-money laundering law, changes to the Mexican tax code, and the consequences of the U.S.-Mexico trade agreement.
My book Charitable Foundations: The Essential Guide to Giving and Compliance was published in May 2015. Since publication, a number of people have asked me what led me to write the book. The Council on Foundations has asked me to address that subject in a blog.
The year I was born, 1963, being gay was officially deemed a mental illness by the medical establishment. Same-sex relationships were illegal in every state, save Illinois. The federal government maintained a policy that prohibited the hiring of "known perverts,” then referring to lesbian, gay, bisexual, and transgender (LGBT) Americans.
What a long way we have come to today, the day marriage equality was deemed the law of the land by the highest court in our nation.
Social change transpires at a blistering pace, in both promising and discouraging trajectories. After growing up in isolation in South Dakota and cutting my teeth decades ago as an LGBTQ human rights activist, I’m gob-smacked and elated by today’s Supreme Court decision.
This decision is historic for what it accomplished: it righted a wrong. It’s also momentous for what it represents. Empathy. Courage. Equality. Progress.
This article originally appeared on the D5 coalition blog, on 18 June 2015. The original article can be found here.